Unlike physics, for example, such parts of the bare bones of economic theory as are expressible in mathematical form are extremely easy compared with the economic interpretation of the complex and incompletely known facts of experience, and lead one a very little way towards establishing useful results.

The avoidance of taxes is the only intellectual pursuit that still carries any reward.

When the accumulation of wealth is no longer of high social importance, there will be great changes in the code of morals. We shall be able to rid ourselves of many of the pseudo-moral principles which have hag-ridden us for two hundred years, by which we have exulted some of the most distasteful of human qualities into the highest virtues.

One blames politicians, not for inconsistency but for obstinacy. They are the interpreters, not the masters, of our fate. It is their job, in fact, to register the fact accompli.

The key to selecting the winner isn't choosing the face you think is the most beautiful but rather the face other people will pick

Economics is a very dangerous science.

For my own part, I believe that there is social and psychological justification for significant inequalities of incomes and wealth.