But The Trouble Is That He [alan

Economists Have Much To Be Humble About.

Anyone With Special Abilities Earns A Differential Return On That Flair, Which We Economists Call A Rent. Those Few With Extraordinary P.q. (performance Quotient) Will Not Give Away Such Rent To The Ford Foundation Or The Local Bank Trust Department. They Have Too High An I.q. For That.

I Don't Care Who Writes A Nation's Laws - Or Crafts Its Advanced Treaties - If I Can Write Its Economics Textbooks.

Suppose It Was Demonstrated That One Out Of Twenty Alcoholics Could Learn To Become A Moderate Social Drinker. The Experienced Clinician Would Answer, 'even If True, Act As If It Were False, For You Will Never Identify That One In Twenty, And In The Attempt Five In Twenty Will Be Ruined.' Investors Should Forsake The Search For Such Tiny Needles In Huge Haystacks.

An Intriguing Paradox Of The 1990s Is That It Isn't Called A Decade Of Greed.