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

Emancipation of belief is the most formidable of the tasks of reform and the one on which all else depends.

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

Meetings are indispensable when you don't want to do anything.

The threat to men of great dignity, privilege and pretense is not from the radicals they revile; it is from accepting their own myth. Exposure to reality remains the nemesis of the great -- a little understood thing.

Under capitalism, man exploits man. Under communism, it's just the opposite.

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.