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

Liberalism is, I think, resurgent. One reason is that more and more people are so painfully aware of the alternative.

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

Let’s begin with capitalism, a word that has gone largely out of fashion. The approved reference now is to the market system. This shift minimizes - indeed, deletes - the role of wealth in the economic and social system. And it sheds the adverse connotation going back to Marx. Instead of the owners of capital or their attendants in control, we have the admirably impersonal role of market forces. It would be hard to think of a change in terminology more in the interest of those to whom money accords power. They have now a functional anonymity.

Meetings are a great trap. Soon you find yourself trying to get agreement and then the people who disagree come to think they have a right to be persuaded. However, they are indispensable when you don't want to do anything.

I've become accustomed to supporting politicians who are more conservative than I am. This is not entirely a surprise.

The miserable consumption of the poor is partly the result of the ostentatious demands of the rich. There isn't enough for both, and the latter get far more than they need...But could anything seriously be done about it?