I do not know which makes a man more conservative - to know nothing but the present, or nothing but the past.

If economists could manage to get themselves thought of as humble, competent people on a level with dentists, that would be splendid.

The difficulty lies, not in the new ideas, but in escaping from the old ones, which ramify, for those brought up as most of us have been, into every corner of our minds.

The long run is a misleading guide to current affairs. In the long run we are all dead. Economists set themselves too easy, too useless a task if in tempestuous seasons they can ...

The market can stay irrational longer than you can stay solvent.