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

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.

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 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.

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.

Do not watch your life melt away just like that for life is too precious to waste it doing nothing.

To live we must conquer incessantly we must have the courage to be happy.

When fast food is not a treat but a dietary staple, the children surf the internet all day in dark corners of the room and are bombarded with latest gadgets. Things replace parental standards.

This is the hard part about having best friends that I feel no attachment to -- I don't give them any benefit of the doubt. And being best friends is always about the benefit of the doubt.

One never dives into the water to save a drowning man more eagerly than when there are others present who dare not take the risk.

Forgiveness is choosing to love.

Sometimes dangerous paths are the only paths leading to the safest paths. In these cases, do not hesitate to take the dangerous roads!

You have family-owned businesses that have been around for 500 years. You cannot name a corporation that survives intact for even a few decades.

I'm trying not to pay too much attention to the rankings because calculations can distract you.

The fearful are the failing.