If you get a reputation for being honest, you have 95 percent of the competition already beat.

In Europe and the United States the two decades following the Second World War will for long be remembered as a very good time, the time when capitalism really worked. Everywhere in the industrialized countries production increased. Unemployment was everywhere low. Prices were nearly stable. When production lagged and unemployment rose, governments intervened to take up the slack, as Keynes had urged.

The modern corporation must manufacture not only goods but the desire for the goods it manufactures.

Commencement oratory must eschew anything that smacks of partisan politics, political preference, sex, religion or unduly firm opinion. Nonetheless, there must be a speech: Speeches in our culture are the vacuum that fills a vacuum.

I've been a faithful reader of the great classical documents of economics, or tried to be.

I accept the global complex and global trade more than do some of my liberal colleagues because I consider this a wise alternative to national tension and conflict.

If we were not in Vietnam, all that part of the world would be enjoying the obscurity it so richly deserves.