"Whether one is a conservative or a radical, a protectionist or a free trader, a cosmopolitan or a nationalist, a chur…"

"Economists are neither distinctively good nor bad, no more or less virtuous or brave or generous or faithful than the…"

"Footnotes are not an occasional token of respect for an obsolete and purposeless tradition. It will come as a shock t…"

"And anyway, although a fancy theory is not so good as a simple one (more things can go wrong with the fancy one), a f…"

"The user of a theory has a simpler task: his not to reason why, his but to sigh and try. If the right element in the …"

"Economic theories are infinitely diverse in their predictive power. Entirely too many have zero predictive power-they…"

"The essence of scientific progress is to edge up this ladder from ignorance to knowledge, and it is complicated by th…"

"A modern economic system is of extraordinary complexity. Imagine a three-dimensional jigsaw puzzle, consisting of rou…"

"Prices instruct us on what people desire, but prices do not tell us why those things are desired. Our desires are acc…"

"A rational man must be guided by the incentive system within which he operates. No matter what his own personal desir…"