The greed for fruit misses the flower.
Despite the high salaries involved, employing economists is a cost-effective way for banks, and stockbrokers to secure exposure in the media.
We need to abandon the economist's notion of the economy as a machine, with its attendant concept of equilibrium. A more helpful way of thinking about the economy is to imagine it as a living organism.
I am often asked by would-be entrepreneurs seeking escape from life within huge corporate structures, ‘How do I build a small firm for myself?’ The answer seems obvious: Buy a very large one and just wait.
The linear, mechanistic view of the world which pervades orthodox economics is simply not capable of capturing the richness and complexity of the rhythms and fluctuations of developed economies.
In most Western economies, the general relationship is not in fact between the rate of inflation and the level of unemployment, but between the rate of change of inflation and the rate of change of unemployment.
Books proliferate, and occasionally sell in very large numbers, which claim to have found the rule, or small set of rules, which will guarantee business success. But business is far too complicated, far too difficult an activity to distil into a few simple commands. . . It is failure rather than success which is the distinguishing feature of corporate life.
In the early days of his reign, Bismarck confided to a friend that it would some day be necessary for Germany to confine William II in an insane asylum.
There's always some place to go. You don't need workshops, you don't need friends necessarily, you can be befriended by literature itself.
If I were the president of the United States, I would make unions illegal. They no longer serve a functional purpose in democracy, in my view.
Cotton candy. Like eating a cloud of diabetes.