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At the time, my personal research objectives were to provide Keynesian economics with more rigorous foundations and to tighten and elaborate the logic of macroeconomic and monetary theory.


James Tobin

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GEORGE SOROS My mother was an economics professor. I'm proficient in math, and statistics, game theory, symbo...
DAVE HICKEY Economics has paid a terrible price for its dalliances with the Keynesian and neoclassical theories.
EDMUND PHELPS We have tears in our eyes
As we wave our goodbyes,
We so loved being with you, we three. ROALD DAHL Everything has it's own time and place, Transformation becomes effortless when we go with the flow.
SHELLI THOMPSON My job was to teach the whole corpus of economic theory, but there were two subjects in which I was ...
JAMES MEADE In the journey of life, certain paths may seem to be leading nowhere because of a mountain or hill o...
ERNEST AGYEMANG YEBOAH Goals and objectives are based on theories and foundations.
ABDOLKARIM SOROUSH In my early days, I wrote my dissertation for MIT at the London School of Economics, really under Ja...
ROBERT MUNDELL This is a test. It is only a test. Had it been an actual job, you would have received raises, promot...
ROBERT BENCHLEY There is no expedient to which a man will not resort to avoid the real labor of thinking.
JOSHUA REYNOLDS You don't manage people; you manage things. You lead people.
ADMIRAL GRACE HOOPER There is no glory in outstripping donkeys.
MARTIAL There ain't no such thing as a free lunch." A Libertarian Movement slogan - The Moon Is a Harsh Mi...
ROBERT A. HEINLEIN I am indeed rich, since my income is superior to my expense, and my expense is equal to my wishes.
EDWARD GIBBON Business, that's easily defined; it's other people's money.
ALEXANDRE DUMAS Throughout history, poverty is the normal condition of man. Advances which permit this norm to be e...
ROBERT HEINLEIN If all the economists were laid end to end, they'd never reach a conclusion.
GEORGE BERNARD SHAW Only the little people pay taxes.
FRAN LEBOWITZ ...the only means to well-being is to increase the quantity of products. This is what business aims...
LUDWIG VON MISES Economics is not about things and tangible material objects; it is about men, their meanings and act...
LUDWIG VON MISES What pays under capitalism is satisfying the common man, the customer. The more people you satisfy,...
LUDWIG VON MISES The first condition for the establishment of perpetual peace is the general adoption of the principl...
LUDWIG VON MISES Business is a means- the only means- to increase the quantity of goods available for preserving life...
LUDWIG VON MISES The rich adopt novelties and become accustomed to their use. This sets a fashion which others imita...
LUDWIG VON MISES As the science of economics...exploded the fallacies of every brand of utopianism, it was outlawed a...
LUDWIG VON MISES It is impossible to understand the history of economic thought if one does not pay attention to the ...
LUDWIG VON MISES All people, however fanatical they may be in their zeal to disparage and to fight capitalism, implic...
LUDWIG VON MISES Show me the business man or institution not guided by sentiment and service; by the idea that "he pr...
B. F. HARRIS The highest use of capital is not to make more money, but to make money do more for the betterment o...
ARTHUR GODFREY In all recorded history there has not been one economist who has had to worry about where the next m...
ALFRED A. KNOPF It's the economy, stupid.
BILL CLINTON The "human condition" is always to push forward for the better and economics is the study of that pr...
BRIAN S. WESBURY Whoever claims that economic competition represents 'survival of the fittest' in the sense of the la...
GEORGE REISMAN The truth is that economic competition is the very opposite of competition in the animal kingdom. I...
GEORGE REISMAN Capitalists are motivated not chiefly by the desire to consume wealth or indulge their appetites, b...
GEORGE GILDER Only positive consequences encourage good future performances.
GEORGE CRANE Money may kindle, but it cannot by itself, and for very long, burn.
IGOR STRAVINSKI Because bankers measure their self-worth in money, and pay themselves a lot of it, they think they'r...
JAMES BUCHAN We are all manufacturers. Making good, making trouble, or making excuses.
H. V. ADOLT Most people...find a disorientating mismatch between the long-term nature of their liabilities and t...
HOWARD DAVIES If you wish to prosper, let your customer prosper.When people have learned this lesson, everyone wil...
FREDERIC BASTIAT There are only two lasting bequests we can hope to give our children. One of these is roots, the oth...
HODDING CARTER My riches consist not in the extent of my possessions, but in the fewness of my wants.
J. BROTHERTON I wake up every morning and thank God I’m not a chartered accountant any longer, but involved with...
GODFREY BRADMAN Economics is first and foremost about the thoughts leading up to choice.
GERALD P. O'DRISCOLL Forty for you, sixty for me And equal partners we will be.
GERALD BARZAN Taxation WITH representation ain't so hot either.
GERALD BARZAN We Asians are the original Conservatives because for thousands of years we have believed in free ent...
JAYVANTSINNJI GOHEL My father taught me to work; he did not teach me to love it.
JOHN G. POLLARD The essence of wealth is the capacity to control the forces of nature, and the extent of wealth depe...
JULIAN SIMON The standard of living has risen along with the size of the world's population since the beginning o...
JULIAN SIMON The increase in the world's population represents our victory against death...
JULIAN SIMON Not understanding the process of a spontaneously-ordered economy goes hand-in-hand with not understa...
JULIAN SIMON It is your mind that matters economically, as much or more than your mouth or hands. In the long ru...
JULIAN SIMON Our whole evolution up to this point shows that human groups spontaneously evolve patterns of behavi...
JULIAN SIMON Our supplies of natural resources are not finite in any economic sense. Nor does past experience giv...
JULIAN SIMON Everything starts with the customer.
JR. GERSTNER What is high finance? It’s knowing the difference between one and ten, multiplying, subtracting a...
JOHN BENTLEY We live in a time of transition, an uneasy era which is likely to endure for the rest of this centur...
JIMMY CARTER We've entered an era when very good, competent people aren't getting jobs. One remedy is to stand o...
JEFFREY P. DAVIDSON When people go to work, they shouldn't have to leave their hearts at home.
KENNETH H. BLANCHARD Commerce is the cure for the most destructive prejudices.
DE MONTESQUIEU If you have to forecast, forecast often.
EDGAR R. FIEDLER He who lives by the crystal ball soon learns to eat ground glass.
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DERBY BROWN Credit buying is much like being drunk. The buzz happens immediately, and it gives you a lift. The h...
DR. JOYCE BROTHERS The question is, then, do we try to make things easy on ourselves or do we try to make things easy o...
ERWIN FRAND He that is rich is wise.
DANIEL DEPOE I have probably purchased fifty 'hot tips' in my career, maybe even more. When I put them all togeth...
CHARLES SCHWAB There's no reason to be the richest man in the cemetery. You can't do any business from there.
COLONEL SANDERS Reliable office staff come in the shape of mature married women working from 9.30!.30 (inside school...
CHRIS BRASHER ...we see that there are two different kinds of...societies: (a) parasitic societies and (b) produci...
CARROLL QUIGLEY I figure you have the same chance of winning the lottery whether you play or not.
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MICHAEL E. GERBER Every day I get up and look through the Forbes list of the richest people in America. If I'm not the...
LORD RUTHERFORD What protectionism teaches us, is to do to ourselves in time of peace what enemies seek to do to us ...
HENRY GEORGE Prices are important not because money is considered paramount but because prices are a fast and eff...
THOMAS SOWELL The growing complexity of science, technology, and organization does not imply either a growing know...
THOMAS SOWELL If patriotism is, as Dr. Johnson used to remark, the last refuge of the scoundrel, wrapping outdated...
KENICHI OHMAE American prosperity and American free enterprise are both highly unusual in the world, and we should...
THOMAS SOWELL The principles applied in economic processes are general social principles.
THOMAS SOWELL Perhaps the most widespread misunderstanding of economics is that it applies solely to financial tra...
THOMAS SOWELL Since man does not create physical matter, those who handle material objects in the production proce...
THOMAS SOWELL Price fixing does not represent simply windfall gains and losses to particular groups according to w...
THOMAS SOWELL The desire of businessmen for profits is what drives prices down unless forcibly prevented from enga...
THOMAS SOWELL When you hire people that are smarter than you are, you prove you are smarter than they are.
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JOHN C. BURTON Based on first-hand evidence of your own senses - the improved health and later ages at which acquai...
JULIAN SIMON The most important benefit of population size and growth is the increase it brings to the stock of u...
JULIAN SIMON Greater consumption due to increase in population and growth of income heightens scarcity and induce...
JULIAN SIMON The financial climate is the worst it's been in 25 years.
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LUDWIG VON MISES

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LILY JAMES Being on a boat that's moving through the water, it's so clear. Everything falls into place ...
JAMES TAYLOR