The income men derive from producing things of slight consequence is of great consequence to them.
None of this excuses anyone from mastering the basic ideas and terminology of economics. The intelligent layman must expect also to encounter good economists who are difficult writers even though some...
In economics, it is often professionally better to be associated with highly respectable error than uncertainly established truth.
Good writing, and this is especially important in a subject such as economics, must also involve the reader in the matter at hand. It is not enough to explain. The images that are in the mind of the w...
Η συμπεριφορά των διοικήσεων των επιχειρήσεων μπορεί να διορθωθεί εκ βάθρων, αν υπάρχει και το όχι και τόσο ευχάριστο μεν,πραγματικό δε, ενδεχόμενο της φυλάκισης
Men can labor to make sense out of single steps toward the goal without ever pausing to reflect that the goal itself is ludicrous.
Economists are generally negligent of their heroes.
All crisis have involved debt that, in one fashion or another, has become dangerously out of scale in relation to the underlying means of payment.
The speculative episode always ends not with a whimper but with a bang.
The threat to men of great dignity, privilege and pretense is not from the radicals they revile; it is from accepting their own myth.
Speculation buys up, in a very practical way, the intelligence of those involved.
I would now, however, more strongly emphasize, and especially as to the United States, the inequality in income and that it is getting worse—that the poor remain poor and the command of income by thos...
A bad book is the worse that it cannot repent. It has not been the devil's policy to keep the masses of mankind in ignorance but finding that they will read, he is doing all in his power to poison the...
The worst continued to worsen. What looked one day like the end proved on the next day to have been only the beginning. Nothing could have been more ingeniously designed to maximize the suffering, and...
The process by which money is created is so simple that the mind is repelled.
That economics has a considerable conceptual apparatus with an appropriate terminology can not be a serious ground for complaint. Economic phenomena, ideas, instruments of analysis exist. They require...
Those involved in mental as opposed to physical effort or who carry the responsibilities of management are presumed to require a higher payment for their submission to the purposes of organization tha...
I have sufficiently urged that all suggestions as to financial innovation be regarded with extreme skepticism. Such seeming innovation is merely some variant on an old design, new only in the brief an...
The sense of responsibility in the financial community for the community as a whole is not small. It is nearly nil.