The problem of the modern economy is not a failure of a knowledge of economics; it's a failure of a knowledge of history.

In all life one should comfort the afflicted, but verily, also, one should afflict the comfortable, and especially when they are comfortably, contentedly, even happily wrong.

There is an old saying, or should be, that it is a wise economist who recognizes the scope of his own generalizations.

When people are least sure, they are often most dogmatic.

[The] men of the technostructure are the new and universal priesthood. Their religion is business success; their test of virtue is growth and profit. Their bible is the computer printout; their communion bench is the committee room.

The traveler to the United States will do wellto prepare himself for the class-consciousness of the natives. This differs from the already familiar English version in being more extreme and based more firmly on the conviction that the class to which the speaker belongs is inherently superior to all others.

My rule on honorary degrees has always been to have one more than Arthur Schlesinger Jr.