Economics is extremely useful as a form of employment for economists
In any great organization it is far, far safer to be wrong with the majority than to be right alone.
The salary of the chief executive of the large corporations is not an award for achievement. It is frequently in the nature of a warm gesture by the individual to himself
You will find that the State is the kind of organization which, though it does big things badly, does small things badly, too.
It is a far, far better thing to have a firm anchor in nonsense than to put on the troubled seas of thought.
It is a far, far better thing to have a firm anchor in nonsense than to put out on the troubled sea of thought.
Economics is a subject profoundly conducive to cliche, resonant with boredom. On few topics is an American audience so practiced in turning off its ears and minds. And none can say that the response is ill advised.
Humor is richly rewarding to the person who employs it. It has some value in gaining and holding attention, but it has no persuasive value at all.
The man who is admired for the ingenuity of his larceny is almost always rediscovering some earlier form of fraud. The basic forms are all known, have all been practiced. The manners of capitalism improve. The morals may not.
Much literary criticism comes from people for whom extreme specialization is a cover for either grave cerebral inadequacy or terminal laziness, the latter being a much cherished aspect of academic freedom.
Modesty is a vastly overrated virtue.
Politics is not the art of the possible. It consists in choosing between the disastrous and the unpalatable.
Inflation does not lubricate trade but by rescuing traders from their errors of optimism or stupidity.
There is certainly no absolute standard of beauty. That precisely is what makes its pursuit so interesting.
There are few ironclad rules of diplomacy but to one there is no exception. When an official reports that talks were useful, it can safely be concluded that nothing was accomplished.