Quotes

The only function of economic forecasting is to make astrology look respectable.

Economics is extremely useful as a form of employment for economists.

It is a far, far better thing to have a firm anchor in nonsense than to put out on the troubled sea of thought.

Under capitalism man exploits man. Under communism, it's just the opposite.

If all else fails, immortality can always be assured by spectacular error.

Economists are economical, among other things, of ideas; most make those of their graduate days last a lifetime.

Wealth is not without its advantages, and the case to the contrary, although it has often been made, has never proved widely persuasive.

[what he called "Galbraith's First Law"] Modesty is a vastly overrated virtue.