Economics is a choice between alternatives all the time. Those are the trade-offs.

I can't think of a president who has been overburdened by a knowledge of economics.

Economics has never been a science - and it is even less now than a few years ago.

What good does it do a black youth to know that an employer must pay him $2 an hour if the fact that he must be paid that amount is what keeps him from getting a job?

I think economics - and this is what I've tried to impart - has a tremendous amount of human interest in it.

I have not been able in one lecture even to scratch the surface of the role of maximum principles in analytic economics.