In the world of minor lunacy the behaviour of both the utterly rational and the totally insane seems equally odd.

One of the little-celebrated powers of Presidents (and other high government officials) is to listen to their critics with just enough sympathy to ensure their silence.

Liberalism is, I think, resurgent. One reason is that more and more people are so painfully aware of the alternative.

Every corner of the public psyche is canvassed by some of the most talented citizens to see if the desire for some merchandisable product can be cultivated.

The only function of economic forecasting is to make astrology look respectable.

In economics, the majority is always wrong.

Much literary criticism comes from people for whom extreme specialization is a cover either for grave cerebral inadequacy or terminal laziness, the latter being a much-cherished aspect of academic freedom.