Thousands of important and intelligent men have never been able to grasp the principle of comparative advantage or believe it even after it was explained to them

Our ideal society finds it essential to put a rent on land as a way of maximizing the total consumption available to the society. ...Pure land rent is in the nature of a 'surplus' which can be taxed heavily without distorting production incentives or efficiency. A land value tax can be called 'the useful tax on measured land surplus'.

The problem is no longer that with every pair of hands that comes into the world there comes a hungry stomach. Rather it is that, attached to those hands are sharp elbows.

We are like highly trained athletes, who never run a race.

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

By keeping labor supply down, immigration policy tends to keep wages high. Let us underline this basic principle: Limitation of the supply of any grade of labor relative to all other productive factors can be expected to raise its wage rate; and increase in supply will, other things being equal, tend to depress wage rates.

Reasonable men are not reasonable when you're in the bubbles which have characterized capitalism since the beginning of time.