Positive economics is in principle independent of any particular ethical position or normative judgment...In short, positive economics is or can be an "objective" science.

What works for Sweden wouldn't work for France or Germany or Italy. In a small state, you can reach outside for many of your activities. In a homogeneous culture, they are willing to pay higher taxes in order to achieve commonly held goals. But "common goals" are much harder to come by in larger, more heterogeneous populations.

Economics has become increasingly an arcane branch of mathematics rather than dealing with real economic problems.

How did we make the transition from using wood to using coal, from using coal to using oil, from using oil to using natural gas? How in God's name did we make that transition without a Federal Energy Agency?

In a bureaucratic system, useless work drives out useful work.

The price works so well, so efficiently, that we are not aware of it most of the time.

There is no person, no theorist so reckless as he who says that the facts speak for themselves.