I remember once reading that it is still not understood how the giraffe manages to pump an adequate blood supply all the way up to its head; but it is hard to imagine that anyone would conclude tht giraffes do not have long necks. At least not anyone who had ever been to a zoo

Why does a public discussion of economic policy so often show the abysmal ignorance of the participants?

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

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

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

The fact that there is no such thing as a perfect anti-sepsis does not mean that one might as well do brain surgery in a sewer.

It is a good idea to be ambitious, to have goals, to want to be good at what you do, but it is a terrible mistake to let drive and ambition get in the way of treating people with kindness and decency. The point is not that they will then be nice to you. It is that you will feel better about yourself.