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

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

I think that it's more important for an economist to be wise and sophisticated in scientific method than it is for a physicist because with controlled laboratory experiments possible, they practically guide you; you couldn't go astray. Whereas in economics, by dogma and misunderstanding, you can go very sadly astray.

In this age of specialization, I sometimes think of myself as the last 'generalist' in economics, with interests that range from mathematical economics down to current financial journalism. My real interests are research and teaching.

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

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