Too large a proportion of recent "mathematical" economics are mere concoctions, as imprecise as the initial assumptions they rest on, which allow the author to lose sight of the complexities and interdependencies of the real world in a maze of pretentious and unhelpful symbols.

I was suffering from my chronic delusion that one good share is safer than ten bad ones, and I am always forgetting that hardly anyone else shares this particular delusion.

Everything is always decided for reasons other than the real merits of the case

Once we allow ourselves to be disobedient to the test of an accountant's profit, we have begun to change our civilization.

The boom, not the slump, is the right time for austerity at the Treasury.

Government machinery has been described as a marvelous labor saving device which enables ten men to do the work of one.

I wish I'd drunk more champagne.