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 is hard to imagine that anyone would conclude tht giraffes do not have long necks. At least not anyone who had ever been to a zoo.

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.

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 the way of treating people with kindness and decency. The point is not that they will then be nice to you. It is that you will feel better about yourself.

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.

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

You can see the computer age everywhere but in the productivity statistics.

Everything reminds Milton Friedman of the money supply. Everything reminds me of sex, but I try to keep it out of my papers.

Computers show up everywhere except the growth statistics.

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.

But part of the job of economics is weeding out errors. That is much harder than making them, but also more fun.