If people are hungry, ill-clad, unsheltered or diseased, nothing is so important as to remedy their condition.

The seminar in economic theory conducted by Hayek at the L.S.E. in the 1930s was attended, it came to seem, by all of the economists of my generation - Nicky Kaldor , Thomas Balogh, L. K. Jah, Paul Rosenstein-Rodan, the list could be indefinitely extended. The urge to participate (and correct Hayek) was ruthlessly competitive.

Technology means the systematic application of scientific or other organized knowledge to practical tasks.

Only foolish people are completely secure.

Wisdom... is often an abstraction associated not with fact or reality but with the man who asserts it and the manner of its assertion.

I think without a doubt, that what is called "financial genius" is merely a rising market.

She is a reflection of comfortable middle-class values that do not take seriously the continuing unemployment. What I particularly regret is that she does not take seriously the intellectual decline. Having given up the Empire and the mass production of industrial goods, Britain's future lay in its scientific and artistic pre-eminence. Mrs Thatcher will be long remembered for the damage she has done.