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.

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

Wealth is not without its advantages and the case to the contrary, although it has often been made, has never proved widely persuasive.

Economists, on the whole, think well of what they do themselves and much less well of what their professional colleagues do.

People are the common denominator of progress; no improvement is possible with unimproved people.

I've been a faithful reader of the great classical documents of economics, or tried to be. The first book in the field that I ever read was Principles of Economics by Alfred Marshall. I suppose subsequently I would have to pick out Keynes, Adam Smith, Marx.

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