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I am worried about our tendency to over invest in things and under invest in people
John Kenneth Galbraith
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Under capitalism, man exploits man; while under socialism just the reverse is true
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Wisdom... is often an abstraction associated not with fact or reality but with the man who asserts it and the manner of its assertion
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The oldest problem in economic education is how to exclude the incompetent. A certain glib mastery of verbiage-the ability to speak portentously and sententiously about the relation of money supply to the price level-is easy for the unlearned and may even be aided by a mildly enfeebled intellect. The requirement that there be ability to master difficult models, including ones for which mathematical competence is required, is a highly useful screening device
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The modern conservative is engaged in one of man's oldest exercises in moral philosophy; that is, the search for a superior moral justification for selfishness... & ... Liberalism is, I think, resurgent. One reason is that more and more people are so painfully aware of the alternative.–
