Originality is something that is easily exaggerated, especially by authors contemplating their own work.

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. . .

By all but the pathologically romantic, it is now recognized that this is not the age of the small man.

I react to what is necessary. I would like to eschew any formula.

Talk of revolution is one of avoiding reality.

We can safely abandon the doctrine of the eighties, namely that the rich were not working because they had too little money, the poor because they had much.

The experience of being disastrously wrong is salutary, no economist should be denied it, and not many are.