It is astonishing what foolish things one can temporarily believe if one thinks too long alone, particularly in economics.

Capitalism is the extraordinary belief that the nastiest of men, for the nastiest of reasons, will somehow work for the benefit of us all.

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 political problem of mankind is to combine three things: economic efficiency, social justice and individual liberty.

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

I do not know which makes a man more conservative - to know nothing but the present, or nothing but the past.

There is no subtler, no surer means of overturning the existing basis of society than to debauch the currency.