When I came up to Cambridge (in October 1921) to read economics, I did not have much idea of what it was about.

Utility is a metaphysical concept of impregnable circularity; utility is the quality in commodities that makes individuals want to buy them, and the fact that individuals want to buy commodities shows that they have utility.

economics limps along with one foot in untested hypotheses and the other in untestable slogans.

A depression is a situation of self-fulfilling pessimism.

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

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.

Unequal distribution of income is an excessively uneconomic method of getting the necessary saving done.