Under capitalism, man exploits man. Under communism, it's just the opposite.

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.

There can be no question, however, that prolonged commitment to mathematical exercises in economics can be damaging. It leads to the atrophy of judgement and intuition. . .

The inborn instability of capitalism has been part of the history of the system for several hundred years.

Emancipation of belief is the most formidable of the tasks of reform and the one on which all else depends.

Faced with the choice between changing one's mind and proving that there is no need to do so, almost everyone gets busy on the proof.

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