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.

It is ideas, not vested interests, which are dangerous for good or evil.

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

Nothing mattered except states of mind, chiefly our own.

Education: the inculcation of the incomprehensible into the indifferent by the incompetent.

When the final result is expected to be a compromise, it is often prudent to start from an extreme position.

There is no intrinsic reason for the scarcity of capital.