"It is a popular error that bureaucracy is less flexible than private enterprise. It may be so in detail, but when large scale adaptations have to be made, central control is far more flexible. It may take two months to get an answer to a letter from a government department, but it takes twenty years for an industry under private enterprise to readjust itself to a fall in demand."

"There is no such thing as a normal period of history. Normality is a fiction of economic textbooks."

"When I came up to Cambridge (in October 1921) to read economics, I did not have much idea of what it was about."

"Even if the crises that are looming up are overcome and a new run of prosperity lies ahead, deeper problems will still remain. Modern capitalism has no purpose except to keep the show going."

"The nature of technology depends very much upon what the public can be induced to put up with."

"Time, so to say, runs at right angles to the page at each point on the curve."

"There is an unearthly, mystical element in Friedman's thought. The mere existence of a stock of money somehow promotes expenditure. But insofar as he offers an intelligible theory, it is made up of elements borrowed from Keynes."

"When a large part of the market for British textiles was in the colonies, a fall in the price of tea and cocoa caused unemployment in Lancashire."

"But once we bring historical time into the argument, it is not so easy to present the free play of the market as an ideal mechanism for maximizing welfare and securing social justice."

"Rosa Luxemburg maintained that the capitalist system can keep up its rate of investment (and therefore its profits) only so long as it is expanding geographically."

"Reality is never a golden age."

"A depression is a situation of self-fulfilling pessimism."

"In all the talk in the Principles (as opposed to the formal analysis) it is not the saving of rentiers but the energy of entrepreneurs which governs accumulation."

"The orthodox doctrines of economics which were dominant in the last quarter of the nineteenth century had a clear message. They supported laisser faire, free trade, the gold standard, and the universally advantageous effects of the pursuit of profit by competitive private enterprise."

"We knew each other. We talked. We passed each other going to the set of our own films. We were doing our jobs. We had great mutual respect."

"The mystery surrounding Garbo was as thick as a London fog."

"Garbo still belongs to that moment in cinema when capturing the human face still plunged audiences into the deepest ecstasy, when one literally lost oneself in a human image as one would in a philtre, when the face represented a kind of absolute state of the flesh, which could be neither reached nor renounced."

"Today this young woman —The Garbo as she is known — is the most glamorous figure in the whole world; there is no one with a more magnetic, romantic or exotic personality, there never has been a film star with so wide an appeal... Greta Garbo is Queen of Hollywood, her salary is fabulous, her word law. She has pointed features in a round face, her mouth is wide and knife-like. Her teeth are large and square and like evenly matched pearls; her eyes are pale, with lashes so long that when she lowers her lids they strike her cheeks; her complexion is of an unearthly whiteness and so delicate that she looks to have one layer of skin less than other people, and the suspicion of a frown is sooner perceptible."

"Every man's harmless fantasy mistress. By being worshiped by the entire world she gave you the feeling that if your imagination had to sin, it can at least congratulate itself on its impeccable taste."

"Her instinct, her mastery over the machine, was pure witchcraft. I cannot analyze this woman's acting. I only know that no one else so effectively worked in front of a camera."

"You're the purple light of a summer night in Spain. You're the National Gallery; you're Garbo's Salary; you're cellophane!"

"Garbo is lonely. She always has been and she always will be. She lives in the core of a vast aching aloneness. She is a great artist, but it is both her supreme glory and her supreme tragedy that art is to her the only reality. The figures of living men and women, the events of everyday existence, move about her, shadowy, unsubstantial. It is only when she breathes the breath of life into a part, clothes with her own flesh and blood the concept of a playwright, that she herself is fully awake, fully alive."

"I never said, "I want to be alone." I only said, "I want to be let alone! There is all the difference."

"I think an artist who abandons his art is the saddest thing in the world, sadder than death. There must have been something about Garbo's film career that profoundly revolted her."

"Except physically, we know little more about Garbo than we know about Shakespeare."

"What, when drunk, one sees in other women, one sees in Garbo sober."

"She is the most miraculous blend of personality and sheer dramatic talent that the screen has ever known and her presence in The Painted Veil immediately makes it one of the season's cinema events."

"I am bewildered by the thousands of strange people who write me letters. They do not know me. Why do they do that?"

"I t'ank I go home."