Economists, on the whole, think well of what they do themselves and much less well of what their professional colleagues do.

Technology, under all circumstances, leads to planning; in its higher manifestations it may put the problems of planning beyond the reach of the industrial firm. Technological compulsions, and not ideology or political will, will require the firm to seek the help and protection of the state.

Milton Friedman’s misfortune is that his economic policies have been tried.

Happiness does not require an expanding economy

If there must be madness, something may be said for having it on a heroic scale

Those days [of the Vietnam War] you couldn't get on a bus going to the South without expecting a riot over something or the other. All of that has disappeared thanks to Lyndon Johnson.

To see economic policy as a problem of choice between rival ideologies is the greatest error of our time.