The world moves into the future as a result of decisions, not as a result of plans. Plans are significant only insofar as they affect decisions.

The future is bound to surprise us, but we don't have to be dumbfounded.

In any evolutionary process, even in the arts, the search for novelty becomes corrupting.

Equilibrium is a figment of the human imagination.

Production functions involving only land, labor and capital... never work and never explain economic development.

If we saw tomorrow's newspaper today, tomorrow would never happen.

Nothing fails like success, because we do not learn anything from it. We only learn from failure, but we do not always learn the right things from failure. If there is a failure of expectations, that is, if the messages that we receive are not the same as those we expected, we can make three possible inferences.