The point of studying economics is so as not to be fooled by economists.

An economy may be in equilibrium from a short-period point of view and yet contain within itself incompatibilities that are soon going to knock it out of equilibrium.

I came away from the talk with the perception that the risk of adverse side effects is so much greater than the risk of cervical cancer, I couldn’t help but question why we need the vaccine at all.

Not only subjective poverty is never overcome by growth, but absolute poverty is increased by it. ... Absolute misery grows while wealth increases.

Where is the pricing system that offers the consumer a fair choice between air to breathe and motor cars to drive about in?

Whatever you can rightly say about India, the opposite is also true.

It is much easier to organize control over one industry serving many markets than over one market served by the products of several industries.