Occupation: Economist Birth: May 15, 1915 Death: December 13, 2009
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….
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….
Economists are said to disagree too much but in ways that are too much alike: If eight sleep in the same bed, you can be sure that, like Eskimos, whe….
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….
Perhaps there really are managers who can outperform the market consistently - logic would suggest that they exist. But they are remarkably well-hidd….
Man does not live by GNP alone..
Our ideal society finds it essential to put a rent on land as a way of maximizing the total consumption available to the society. ...Pure land rent i….
I couldn't reconcile what I was being taught at the university of Chicago, the lectures and the books I was being assigned, with what I knew to be tr….
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….
By keeping labor supply down, immigration policy tends to keep wages high. Let us underline this basic principle: Limitation of the supply of any gra….
Econometrics may be defined as the quantitative analysis of actual economic phenomena based on the concurrent development of theory and observation, ….
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….