Let those who will write the nation's laws, if I can write its textbooks.

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

Politicians like to tell people what they want to hear - and what they want to hear is what won't happen.

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

Every good cause is worth some inefficiency.

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.