The conventional view serves to protect us from the painful job of thinking.

Money is what fueled the industrial society. But in the informational society, the fuel, the power, is knowledge. One has now come to see a new class structure divided by those who have information and those who must function out of ignorance. This new class has its power not from money, not from land, but from knowledge.

Faced with the choice between changing one's mind and proving that there is no need to do so, almost everyone gets busy on the proof.

Clearly the most unfortunate people are those who must do the same thing over and over again, every minute, or perhaps twenty to the minute. They deserve the shortest hours and the highest pay.

The experience of being disastrously wrong is salutary, no economist should be denied it, and not many are.

I would put primary emphasis on a good standard of living equitably distributed. It can't be equal, but one that eliminates the terrible cruelty of poverty.

The commencement speech is not, I think, a wholly satisfactory manifestation of our culture.