My teaching began in 1936 at Iowa State College where T. W. Schultz was the department chairman.

Even before I came to Chicago, I had gotten interested in the existence of dispersion of prices under conditions which economic theory said would yield a single price.

The main insight learned from interdisciplinary studies is the return to specialization

Competition is a tough weed, not a delicate flower.

I started working and publishing in price theory by 1938.

The delicate and intricate pattern of competition and cooperation in the economic behavior of the hundreds of thousands of citizens of Stockholm offers a challenge to the economist that is perhaps as complex as the challenges of the physicist and the chemist.

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