Occupation: Economist Birth: August 23, 1924
But part of the job of economics is weeding out errors. That is much harder than making them, but also more fun..
The world can, in effect, get along without natural resources, so exhaustion is just an event, not a catastrophe..
The fact that there is no such thing as a perfect anti-sepsis does not mean that one might as well do brain surgery in a sewer..
The user of land should not be allowed to acquire rights of indefinite duration for single payments. For efficiency, for adequate revenue and for jus….
There is not some glorious theoretical synthesis of capitalism that you can write down in a book and follow. You have to grope your way.
Why does a public discussion of economic policy so often show the abysmal ignorance of the participants?.
If God had meant there to be more than two factors of production, He would have made it easier for us to draw three-dimension al diagrams..
Suppose someone sits down where you are sitting right now and announces to me that he is Napoleon Bonaparte. The last thing I want to do with him is ….
You can see the computer age everywhere but in the productivity statistics..
Computers show up everywhere except the growth statistics..
I remember once reading that it is still not understood how the giraffe manages to pump an adequate blood supply all the way up to its head; but it i….
It is a good idea to be ambitious, to have goals, to want to be good at what you do, but it is a terrible mistake to let drive and ambition get in th….
Everything reminds Milton of the money supply. Well, everything reminds me of sex, but I keep it out of the paper..