Suppose someone sits down where you are sitting right now and announces to me that he is Napoleon Bonaparte. The last thing I want to do with him is to get involved in a technical discussion of cavalry tactics at the Battle of Austerlitz. If I do that, I'm getting tacitly drawn into the game that he is Napoleon Bonaparte.

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.

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.

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

The world can, in effect, get along without natural resources, so exhaustion is just an event, not a catastrophe.

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

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