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.

Where humor is concerned there are no standards - no one can say what is good or bad, although you can be sure that everyone will.

I predict, not because I know, but because I'm asked.

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.

I was brought up in southwestern Ontario where we were taught that Canadian patriotism should not withstand anything more than a five-dollar-a-month wage differential. Anything more than that and you went to Detroit.

It is my guiding confession that I believe the greatest error in economics is in seeing the economy as a stable, immutable structure.