Baseball players or cricketers do not need to be able to solve explicitly the non-linear differential equations which govern the flight of the ball. They just catch it.

The linear, mechanistic view of the world which pervades orthodox economics is simply not capable of capturing the richness and complexity of the rhythms and fluctuations of developed economies.

The reader might reflect that an awful lot of supposing has to take place in order for the quantity theory of money to be true.

Even in financial markets, the concept of market efficiency does not hold.

Once the true relationship between inflation and unemployment is understood, with luck and skill, a free lunch is possible.

By any reasonable criteria, the discipline of economics as a whole, in its present state, is sadly lacking.

The behavior of the economy as a whole, at the aggregate, macro-level, is built up from the individual equations at the micro-level.

The temptation to use mathematics is irresistible for economists. It appears to convey the appropriate air of scientific authority and precision to economists' musings.

At 2 per cent growth a year, an economy doubles in size in just thirty years.

Despite the high salaries involved, employing economists is a cost-effective way for banks, and stockbrokers to secure exposure in the media.

It is this brighter side, the romantic side, the emotional side, that appeals to me.

Sweets to the sweet farewell!

The only way people are going to change their car buying habits, and the only way government will get behind alternatively fueled vehicles, is if gasoline prices continue to go up.

We commonly do not remember that it is, after all, always the first person that is speaking.

A broken life in the hands of God is ripe for blessing.

I don’t know about art but I know what I like.

It is in vain for us to devise schemes by which competition can be put out of civilized life. Competition is the condition of life.

Everyone knows the more you chase something the faster it runs and the more you ignore something the faster it comes.

In marketing you must choose between boredom, shouting and seduction. Which do you want?

I share something in common with Norman Rockwell and, for that matter, with Walt Disney, in that I really like to make people happy.