Meetings are indispensable when you don't want to do anything.

It is almost as important to know what is not serious as to know what is.

Economics exists to make astrology look respectable.

It is my guiding confession that I believe the greatest error in economics is in seeing the economy as a stable, immutable structure.

No intelligence system can predict what a government will do if it doesn't know itself.

I write with two things in mind. I want to be right with my fellow economists. After all, I've made my life as a professional economist, so I'm careful that my economics is as it should be. But I have long felt that there's no economic proposition that can't be stated in clear, accessible language. So I try to be right with my fellow economists, but I try to have an audience of any interested, intelligent person.

In public administration good sense would seem to require that public expectation be kept at the lowest possible level in order to minimize eventual disappointment.