Nostalgia combines regularly with manifest respectability to give credence to old error as opposed to new truth.

Nothing so denies a person liberty as the total absence of money.

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

The inborn instability of capitalism has been part of the history of the system for several hundred years, including recurrent speculative episodes. There should be no doubt in anyone's mind that we're now having another one of those speculative episodes.

The questions that are beyond the reach of economics-the beauty, dignity, pleasure and durability of life-may be inconvenient but they are important.

There's no question that in my lifetime, the contrast between what I called private affluence and public squalor has become very much greater.

A bad book is the worse that it cannot repent. It has not been the devil's policy to keep the masses of mankind in ignorance; but finding that they will read, he is doing all in his power to poison their books.