No one has characterized market mechanisms better than Friedrich von Hayek

Learning is any change in a system that produces a more or less permanent change in its capacity for adapting to its environment.

All behavior involves conscious or unconscious selection of particular actions out of all those which are physically possible to the actor and to those persons over whom he exercises influence and authority.

Forget about Nobel prizes; they aren't really very important.

Enlightenments, like accidents, happen only to prepared minds.

The engineer, and more generally the designer, is concerned with how things ought to be - how they ought to be in order to attain goals, and to function.

The intelligent altruists, though less altruistic than unintelligent altruists, will be fitter than both unintelligent altruists and selfish individuals.