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

The failure of market catallactics in no way denies the following truth: given sufficient knowledge the optimal decisions can always be found by scanning over all the attainable states of the world and selecting the one which according to the postulated ethical welfare function is best. The solution 'exists'; the problem is how to 'find' it.

I don't care who writes a nation's laws - or crafts its advanced treaties - if I can write its economics textbooks.

But the trouble is that he [Alan Greenspan] had been an Ayn Rander. You can take the boy out of the cult but you can't take the cult out of the boy.

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

Globalization presumes sustained economic growth. Otherwise, the process loses its economic benefits and political support.

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