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?.

Asia's governments come in two broad varieties: young, fragile democracies - and older, fragile authoritarian regimes..

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 ….

An American economist of two generations ago, H. J. Davenport, who was the best friend Thorstein Veblen ever had (Veblen actually lived for a time in….

Marshall's crime is to pretend to handle imperfect competition with tools only applicable to perfect competition..

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..

Anyone with special abilities earns a differential return on that flair, which we economists call a rent. Those few with extraordinary P.Q. (Performa….

Forsake search for needles that are so very small in haystacks that are so very large..

Sooner or later the Internet will become profitable. It's an old story played before by canals, railroads and automobiles..

This message (that attempting to beat the market is futile) can never be sold on Wall Street because it is in effect telling stock analysts to drop d….

Mea culpa, mea culpa. MIT and Wharton and University of Chicago created the financial engineering instruments, which, like Samson and Delilah, blinde….

The sad truth is that it is precisely those who disagree most with the hypothesis of efficient market pricing of stocks, those who pooh-pooh beta ana….

In this age of specialization, I sometimes think of myself as the last 'generalist' in economics, with interests that range from mathematical economi….

The debate can be put in the form of the question: Resolved, that the best of money managers cannot be demonstrated to be able to deliver the goods o….

What counts is results, and there can be no doubt that the Soviet planning system has been a powerful engine for economic growth...The Soviet model h….

Investing should be more like watching paint dry or watching grass grow. If you want excitement, take $800 and go to Las Vegas..

Contrary to what many skeptics had earlier believed, the Soviet economy is proof that a socialist command economy can function and even thrive..

Let those who will write the nation's laws, if I can write its textbooks..

It is not easy to get rich in Las Vegas, at Churchill Downs, or at the local Merrill Lynch office..

The failure of market catallactics in no way denies the following truth: given sufficient knowledge the optimal decisions can always be found by scan….

In every mutual fund prospectus, in every sales promotional folder, and in every mutual fund advertisement (albeit in print almost too small to read)….