One has to always ask the question: Where can one be most effective in helping shape policies? It is always difficult when you're inside because you're very constrained.

International lending banks need to focus on areas where private investment doesn't go, such as infrastructure projects, education and poverty relief.

Macroeconomic policy can never be devoid of politics: it involves fundamental trade-offs and affects different groups differently.

It is trust, more than money, that makes the world go round.

There must have been something in the air of Gary that led one into economics: the first Nobel Prize winner, Paul Samuelson, was also from Gary, as were several other distinguished economists.

What you measure affects what you do. If you don't measure the right thing, you don't do the right thing.

American inequality didn't just happen. It was created.

The problem is a lot of what is called economics is not economics. It is more ideology or religion.

Trickle-down economics is a myth. Enriching corporations - as the TPP would - will not necessarily help those in the middle, let alone those at the bottom.

The striking thing about America is - it's historically, extraordinary unusual, I don't of any other instance - is that productivity of workers and wages have not moved in tandem.

In developing countries, lack of infrastructure is a far more serious barrier to trade than tariffs.

You will never get what you want in this world

A good friend is someone who can love you like a dog and talk to you like a human.

Advice is a dangerous gift, even from the wise to the wise, and all courses may run ill.

Remember that we are not gods who can fashion events to our desires. We are mere mortals who must learn not to contend with life but to yield to it.

No one can ever know you like those with whom you've shared the pangs of your youth.

The rainbow bursts like magic on mine eyes! In hues of ancient promise there imprest.

The quality you most admire in a woman? Courage moral and physical: "anima"-the ability to visualize the mind and need of a man. Also a sense of the absurd.

For a life to be fully yielded, it must wrestle the impossible and win.

Courtesy gives its owner a passport round the world. It transmutes aliens into trusting friends.

America is ripe for lies and lethargy. The pure mountain air is going and gone. It is a huge burden and a sadness for us all.