War remains the decisive human failure.

The notion that you would initiate a new product without preparing the way by persuasion and advertising and salesmanship is fantastic. It's an integral part of the system.

It is possible that people need to believe they are unmanaged if they are to be managed effectively.

The only function of economic forecasting is to make astrology look respectable.

Economics is extremely useful as a form of employment for economists.

Superficial observers have long criticized the United States for making a fetish of youth. This is unfair. Uniquely among modern organs of public and private administration, its national legislature rewards senility.

In economics, the majority is always wrong.