Technological change is beneficial only when other jobs replace the ones lost.

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.

How's Alison getting on?'Conway snorted. 'Tucked up in the sick room like she's dying in some season finale. Little fadey voice on her and all. She's having a great old time.

A schoolboy's tale the wonder of an hour.

Our purpose in this project is to begin to turn that fear of cancer, actually America's greatest fear, into a future, not only free of fear, but full of hope.

Flesh of my flesh, bone of my bone, I here, though there, yet both but one.

The only thing I want from my money is to die in comfort.

See yourself in the practice you are not able to access right now. Imagine yourself in it.

Food is strength, and food is peace, and food is freedom, and food is a helping hand to people around the world whose good will and friendship we want.

Do not wish an everlasting spring! Without tasting the winter, you cannot get pleasure out of the spring!

Nothing really mattered, and nothing could be lost.

The natural economic, humanitarian and social integration, do not require any armed forces.