The oldest [John Kenneth] Galbraith rule is that when you hear that a new era has dawned, you should take cover.

The power of the corporate bureaucracy - the power of technostructure (a term that did not take off) - is something to which I still adhere.

Few economic problems, if any, are difficult of solution. The difficulty, all but invariably, is in confronting them. We know what needs to be done; for reasons of inertia, pecuniary interest, passion or ignorance, we do not wish to say so.

I'm certainly going to support Al Gore because, on the whole, he's the more sensible figure and you vote not for the perfect but for the best. Coupled with that is a special situation.

The man who is admired for the ingenuity of his larceny is almost always rediscovering some earlier form of fraud. The basic forms are all known, have all been practiced. The manners of capitalism improve. The morals may not.

I write with two things in mind. I want to be right with my fellow economists. After all, I've made my life as a professional economist, so I'm careful that my economics is as it should be. But I have long felt that there's no economic proposition that can't be stated in clear, accessible language. So I try to be right with my fellow economists, but I try to have an audience of any interested, intelligent person.

Economics is extremely useful as a form of employment for economists.