Fines are preferable to imprisonment and other types of punishment because they are more efficient. With a fine, the punishment to offenders is also revenue to the State.

I am saying that the economic approach provides a valuable unified framework for understanding all human behaviour

Economy is the art of making the most of life.

Even a wizard would have a great deal of difficulty repealing the economic law that higher minimum wages reduce employment. Since politicians are not wizards, they should not try.

Along with others, I have tried to pry economists away from narrow assumptions about self interest. Behavior is driven by a much richer set of values and preferences.

Different constraints are decisive for different situations, but the most fundamental constraint is limited time.

Still, intuitive assumptions about behavior is only the starting point of systematic analysis, for alone they do not yield many interesting implications.

The most fundamental constraint is limited time

My work on human capital began with an effort to calculate both private and social rates of return to men, women, blacks, and other groups from investments in different levels of education.

I was not sympathetic to the assumption that criminals had radically different motivations from everyone else.

The Treatise tries to analyze not only modern Western families, but also those in other cultures and the changes in family structure during the past several centuries.

All I could do was escape from reality, but every time I tried to escape from the pain, that same pain told me that I had probably been falling in love with him.

To understand Jesus Christ, you must know the Language of Heaven.

Anything that gives us new knowledge gives us an opportunity to be more rational.

Confusing speculation with investment is always a mistake.

Own your words. Your words are the maps to your intentions.

I was interested in the idea of succession - showing a father and a son both in their own time and drawing a contrast

In truth, you like the pain. You like it because you believe you deserve it.

I'm proud, and Islam did it. And after these things that I heard in church, a preacher and watching this and that, I knew something was wrong but I couldn't pinpoint it.

Involve people in the problem and work out the solution together.

Everybody wants to defeat the defending champs.