According to the experience of all but the most accomplished jugglers, it is easier to keep one ball in the air than many.

Partly, the Russian system succeeds because, in contrast to the Western industrial economies, it makes full use of its manpower.

Man, at least when educated, is a pessimist. He believes it safer not to reflect on his achievements; Jove is known to strike such people down.

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.

The oldest problem in economic education is how to exclude the incompetent. A certain glib mastery of verbiage-the ability to speak portentously and sententiously about the relation of money supply to the price level-is easy for the unlearned and may even be aided by a mildly enfeebled intellect. The requirement that there be ability to master difficult models, including ones for which mathematical competence is required, is a highly useful screening device.

In the affluent society, no useful distinction can be made between luxuries and necessities.

It takes some skill to spoil a breakfast - even the English can't do it.