Technological advance often thrives in sheltered and subsidized markets, which defy free trade.

But of course you can have your cake and eat it, too - if you decide to to bake a second cake. And you may well find that baking two cakes does not take twice the work of baking one.

The economic illusion is the belief that social justice is bad for economic growth.

As a scholarly discipline, economics has always suffered from physics envy.

When laissez-faire creates instability, the move to a freer market can be something less than pure gain.

In a world where technology and capital are highly transferable, there is a real risk that comparative advantage comes to be defined as whose labor force will work for the lowest wage.

If social security depresses savings rates, it is only because it is unfunded.

Henry Ford, in a sense, was the first Keynesian. He paid his assembly workers high wages so they could afford to buy his cars.

Not surprisingly, extensive effort in Britain and America goes into finding tax shelter. the system is "efficient" for the shelter industry, not for the economy.

It is more than a little ironic that "capital accumulation" once a rather tendentious Marxian view of a supposed capitalist obsession, should have become - of all things - Wall Street's own slogan.

In practice, a good deal of the outcomes produced by the market reflect nothing more than luck - good or bad.

Never hold on to anything that's capable of holding back your destiny.

Peace and friendship with all mankind is our wisest policy, and I wish we may be permitted to pursue it.

You can't just look at the side of something that you want to see. You have to look at the whole round object and understand that there are parts of it that you don't like.

Fragrances fill the senses with the mysterious.

A model is such a fascinating toy that you fall in love with your creation.

Just don't pull out your phone at all on the first date.

This world is full of broken things: broken hearts, broken promises, broken people.

But persistent name calling? that prolongs hurt. It stretches out. Each nasty word stretches the rubber band further away until finally, one day, it snaps back at you with maximum impact

Without Mona, Hanna felt like a great outfit without matching accessories, a screw-driver that was all orange juice and no vodka, and an iPod without headphones. She just felt wrong.