The Chicago Economics Department was in intellectual ferment, although the central issues of the 1930s were very different from those in later times. I had never before encountered minds of that quality at close quarters and they influenced me strongly.

In the 1950s, I proposed the survivor method of determining the efficient sizes of enterprises, and worked on delivered price systems, vertical integration, and similar topics.

...it is distressing how often one can guess the answer given to an economic question merely by knowing who asks it.

It was in the 1960s that I began the detailed study of public regulation.

...the number of saintly men has not yet risen to the level where the census makes them a separate statistical category.

All great economists are tall. There are two exceptions: John Kenneth Galbraith and Milton Friedman.

There is only one social science and we are its practitioners