"One of the biggest risks in life is the family one is born into."

"It was — and remains — our view that all professional economists should understand the 'grammar of arguments about policy.'"

"All theory depends on assumptions which are not quite true. That is what makes it theory. The art of successful theorizing is to make the inevitable simplifying assumptions in such a way that the final results are not very sensitive."

"Even the Lord rested after the beginning, so let us tackle one problem at a time..."