The seminar in economic theory conducted by Hayek at the L.S.E. in the 1930s was attended, it came to seem, by all of the economists of my generation - Nicky Kaldor , Thomas Balogh, L. K. Jah, Paul Rosenstein-Rodan, the list could be indefinitely extended. The urge to participate (and correct Hayek) was ruthlessly competitive.

One of the greatest pieces of economic wisdom is to know what you do not know.

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

The modern conservative is engaged in one of man's oldest exercises in moral philosophy; that is, the search for a superior moral justification for selfishness.

Change comes not from men and women changing their minds, but from the change from one generation to the next.

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

It has been the acknowledged right of every Marxist scholar to read into Marx the particular meaning that he himself prefers and to treat all others with indignation.