[The consumer is] the supreme mover of economic order... for whom all goods are made and towards whom all economic activity is directed.

Almost every organization... exhibits two faces a smiling face which it turns toward its members and a frowning face which it turns to the world outside.

Theories without facts may be barren, but facts without theories are meaningless.

The use of isoquants to describe the production function did not develop to any great extent until the thirties.

Deciding under uncertainty is bad enough, but deciding under an illusion of certainty is catastrophic.

The troubles of the 20th century are not unlike those of adolescence -- rapid growth beyond the ability of organizations to manage, uncontrollable emotion, and a desperate search for identity. Out of adolescence, however, comes maturity in which physical growth with all its attendant difficulties comes to an end, but in which growth continues in knowledge, in spirit, in community, and in love; it is to this that we look forward as a human race. This goal, once seen with our eyes, will draw our faltering feet toward it.

Consumption is the death of capital, and the only valid arguments in favor of consumption are arguments in favor of death itself.