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

There is a common tendency to ignore the poor or to develop some rationalisation for the good fortune of the fortunate.

Economics is extremely useful as a form of employment for economists.

In the market economy the price that is offered is counted upon to produce the result that is sought.

I do the best with what exists.

Money is a singular thing. It ranks with love as man's greatest source of joy. And with death as his greatest source of anxiety. Over all history it has oppressed nearly all people in one of two ways: either it has been abundant and very unreliable, or reliable and very scarce.

One of the greatest pieces of economic wisdom is to know what you do not know.