Occupation: Economist Birth: May 15, 1915 Death: December 13, 2009
Investing is like waiting for paint dry and grass grow so. If you like fun, let handle 800 USD and headed to Las Vegas.
Econometrics may be defined as the quantitative analysis of actual economic phenomena based on the concurrent development of theory and observation, ….
You could be disqualified for a job [at Harvard] if you were either smart or Jewish or Keynesian. So what chance did this smart, Jewish, Keynesian ha….
To prove that Wall Street is an early omen of movements still to come in GNP, commentators quote economic studies alleging that market downturns pred….
Let those who will write the nation's laws, if I can write its textbooks..
In this age of specialization, I sometimes think of myself as the last 'generalist' in economics, with interests that range from mathematical economi….
Kelsoism is not accepted by modern scientific economics as a valid and fruitful analysis of the distribution of income but rather it is regarded as a….
Two-thirds of a century after [The Road to Serfdom] got written, hindsight confirms how inaccurate its innuendo about the future turned out to be..
Still, I figure we shouldn't' discourage fans of actively managed funds. With all their buying and selling, active investors ensure the market is rea….
The recent market run-up that appreciated run-of-the- mill shares also chanced to send up those token gold holdings. Pure luck, undeserved and unlike….
For better or worse, US Keynesianism was so far ahead of where it started. I am a cafeteria Keynesian. You know what a cafeteria catholic is?.
The niceties of existence were not a matter of concern, yet everything around was closed down most of the time. If you lived in a middle-class commun….
I don't care very much for the People Magazine approach to applied economics..
Profits are the lifeblood of the economic system, the magic elixir upon which progress and all good things depend ultimately. But one man's lifeblood….
In every mutual fund prospectus, in every sales promotional folder, and in every mutual fund advertisement (albeit in print almost too small to read)….
Asia's governments come in two broad varieties: young, fragile democracies - and older, fragile authoritarian regimes..
When the economy was going up, [Milton Friedman and I] both gave the same advice, and when the economy was going down, we gave the same advice. But i….
We're a me-me-me generation. We're borrowing the savings of every nation in the world. We're ... piling up a big tab. Now, I may think we're too big ….
Sooner or later the Internet will become profitable. It's an old story played before by canals, railroads and automobiles..
If we made an income pyramid out of a child's blocks, with each layer portraying $1,000 of income, the peak would be far higher than the Eiffel Tower….
Investing should be more like watching paint dry or watching grass grow. If you want excitement, take $800 and go to Las Vegas..