Agriculture is one economic activity that does not obey the laws of demand and supply.

Meetings are held because men seek companionship or, at a minimum, wish to escape the tedium of solitary duties. They yearn for the prestige which accrues to the man who presides over meetings, and this leads them to convoke assemblages over which they can preside. Finally, there is the meeting which is called not because there is business to be done, but because it is necessary to create the impression that business is being done. Such meetings are more than a substitute for action. They are widely regarded as action.

Total physical and mental inertia are highly agreeable, much more so than we allow ourselves to imagine. A beach not only permits such inertia but enforces it, thus neatly eliminating all problems of guilt. It is now the only place in our overly active world that does.

To see economic policy as a problem of choice between rival ideologies is the greatest error of our time.

The ideas by which people . . . interpret their existence and in measure guide their behavior, were not forged in a world of wealth.

I do the best with what exists.

The fully planned economy, so far from being unpopular, is warmly regarded by those who know it best.