There is not some glorious theoretical synthesis of capitalism that you can write down in a book and follow. You have to grope your way

If God had meant there to be more than two factors of production, He would have made it easier for us to draw three-dimension al diagrams.

But part of the job of economics is weeding out errors. That is much harder than making them, but also more fun.

The user of land should not be allowed to acquire rights of indefinite duration for single payments. For efficiency, for adequate revenue and for justice, every user of land should be required to make an annual payment to the local government equal to the current rental value of the land that he or she prevents others from using.

You can see the computer age everywhere but in the productivity statistics.

There is not some glorious theoretical synthesis of capitalism that you can write down in a book and follow. You have to grope your way

Everything reminds Milton of the money supply. Well, everything reminds me of sex, but I keep it out of the paper.