Every good cause is worth some inefficiency.

That's what I would like to do until the end of time, to go on scribbling my articles on the third floor of the Sloan Building, in between playing tennis and drinking coffee at my other study in the Concord Avenue branch of Burger King.

Perhaps there really are managers who can outperform the market consistently - logic would suggest that they exist. But they are remarkably well-hidden.

Sooner or later the Internet will become profitable. It's an old story played before by canals, railroads and automobiles.

Marshall's crime is to pretend to handle imperfect competition with tools only applicable to perfect competition.

I don't care very much for the People Magazine approach to applied economics.

First, those who disagree with market efficiency simply assert that it stands to common sense that greater effort to get facts and greater acumen in analyzing those facts will pay off in better performance somehow measured. (By this logic, cure for cancer must have been found by 1955).