There is no such thing as economics, only social science applied to economic problems.

A world of unseen dictatorship is conceivable, still using the forms of democratic government.

We never like to admit to ourselves that we have made a mistake. Organizational structures tend to accentuate this source of failure of information.

Private property is a means, and neither its abolition nor its unrestricted right should be an end in itself.

I have been gradually coming under the conviction, disturbing for a professional theorist, that there is no such thing as economics - there is only social science applied to economic problems.

Even personal tastes are learned, in the matrix of a culture or a subculture in which we grow up, by very much the same kind of process by which we learn our common values. Purely personal tastes, indeed, can only survive in a culture which tolerates them, that is, which has a common value that private tastes of certain kinds should be allowed.

If a totally new image is to come into being however, there must be sensitivity to internal messages, the image itself must be sensitive to change, must be unstable, and it must include a value image which places high value on trials, experiments, and the trying of new things.