Partly, the Russian system succeeds because, in contrast to the Western industrial economies, it makes full use of its manpower.

A wrong decision isn't forever; it can always be reversed. The losses from a delayed decision are forever; they can never be retrieved.

We have escapist fiction, so why not escapist biography?

It is possible that people need to believe they are unmanaged if they are to be managed effectively.

The years of the Great Depression were a superb time for economists because people not knowing what could be done or what should be done would always assume that maybe an economist had the answer. If you were just a lawyer in Washington, you were nobody. But if you were an economist, you might have the answer.

The great dialectic in our time is not, as anciently and by some still supposed, between capital and labor; it is between economic enterprise and the state.

I accept the global complex and global trade more than do some of my liberal colleagues because I consider this a wise alternative to national tension and conflict.