In economics, the majority is always wrong.

We now in the United States have more security guards for the rich than we have police services for the poor districts. If you're looking for personal security, far better to move to the suburbs than to pay taxes in New York.

It is my guiding confession that I believe the greatest error in economics is in seeing the economy as a stable, immutable structure.

Originality is something that is easily exaggerated, especially by authors contemplating their own work.

The stock market is but a mirror which provides an image of the underlying or fundamental economic situation. Cause and effect run from the economy to the stock market, never the reverse. In 1929 the economy was headed for trouble. Eventually that trouble was violently reflected in Wall Street.

War remains the decisive human failure.

The oldest [John Kenneth] Galbraith rule is that when you hear that a new era has dawned, you should take cover.