Success in war and preservation of a country's social framework as a purpose at least equal in importance to welfare of individuals.

The welfare of a nation can scarcely be inferred from a measurement of national income as defined by the GDP.

I was born in Russia in 1901 of Jewish parents and came to the United States in 1922 to join my father, who left Russia for the United States before World War I.

When, over fifty years ago, I first became interested in economics - as a discipline that provided the key to social structure and social problems - it never crossed my mind that one day I might be the honored recipient of a Nobel Memorial Prize.

Does inequality in the distribution of income increase or decrease in the course of a country's economic growth?

War and peace type products... cannot be added into a national product total until the differences in the valuation due to differences in the institutional mechanisms that determine their respective market prices are corrected for.