One of the peculiarities of economics is that it still rests on a behavioral assumption-rational utility maximization-that has long since been rejected by sociologists and psychologists.

A competitive world offers two possibilities. You can lose. Or, if you want to win, you can change.

Technology and Ideology are shaking the foundations of 21st century capitalism. Technology is making skills and knowledge the only sources of sustainable strategic advantage.

Without entrepreneurs, economies become poor and weak. The old will not exist, the new can't enter

Major investment decisions have become too important to be left to the private sector.

If a group of people has no sense where they came from-it is difficult for them to have a sense where they should go.

AT&T invented the cellular telephone, but saw no future in it. It takes entrepreneurs, who are angels of destruction, to take advantage of things which the inventor cannot or does not see.

We've believed for 50 years that the Japanese are small Americans who wanted to be like us. They are not.

Economists are always recommending the elimination of this or that market imperfection ... no astrophysicist recommends the elimination of planets that he does not like.

The atmosphere is much too near for dreams. It forces us to action. It is close to us. We are in it and of it. It rouses us both to study and to do. We must know its moods and also its motive forces.

Freedom of the press is not questioned when investigative journalism unearths scandals, But that does not mean that every classified state document should be made available to journalists.

But it's just that the whole country is making generally lousy films these days and has been for quite a while. That's the big problem that we all have to think about.

Methodical thinking is of more use in Chess than inspiration

Mortification is the soul's vigorous opposition to self, wherein sincerity is most evident.

many of us are done with adolescence before we are done with adolescent love.

To give an accurate and exhaustive account of that period would need a far less brilliant pen than mine.

Music is that great language where a lot can be said and little can be proven.

As a matter of fact, I find the Western cinema very fantastic.

I took the Canal Zone and let Congress debate; and while the debate goes on, the canal does also.