It would not be foolish to contemplate the possibility of a far greater progress still.

The difficulty lies, not in the new ideas, but in escaping from the old ones.

Capitalism is the extraordinary belief that the nastiest of men, for the nastiest of reasons, will somehow work for the benefit of us all.

By a continuing process of inflation, government can confiscate, secretly and unobserved, an important part of the wealth of their citizens.

When the facts change, I change my mind.

It is better to be roughly right than precisely wrong.

The biggest problem is not to let people accept new ideas, but to let them forget the old ones.

If farming were to be organised like the stock market, a farmer would sell his farm in the morning when it was raining, only to buy it back in the afternoon when the sun came out.

The outstanding faults of the economic society in which we live are its failure to provide for full employment and its arbitrary and inequitable distribution of wealth and incomes.

Long run is a misleading guide to current affairs. In the long run we are all dead.

The boom, not the slump, is the right time for austerity at the Treasury.

Is the world really beautified by the fact that man thinks it beautiful? He has humanized it, that is all.

The grand prize in us versus them is that somebody gets to feel special for a while. The grand prize in the game of unity is that everyone gets to feel special forever.

I'm a modern Muslim. I pray, and if I have a question, I ask someone who is more educated in the religion than me.

I just didn't like going to school.

Microfinance recognizes that poor people are remarkable reservoirs of energy and knowledge

It came as a surprise to find that a professional society and journal (Econometrica) were flourishing, and I entered this area of study with great enthusiasm.

Art is more to do with observation than invention.

Pleasure and pain are only aspects of the mind. Our essential nature is happiness

I don't want to send my money to a bunch of Hugo Chavez-loving, Ivy League ideologically educated, politically opportunistic careerist in Washington, D.C.

As is gloriously sung in the Gilbert and Sullivan operetta "H.M.S. Pinafore," in the words of W. S. Gilbert: "Things are seldom as they seem, Skim milk masquerades as cream."