"central to all economic analysis and instruction is the question of what determines the prices that are paid for goods and for services rendered."
John Kenneth Galbraith Economics in Perspective
Galbraith EIP
"The classical adage Historia est magistra vitae – ‘History is the teacher of life’...”
Richard Pipes in National Review January 24, 2000
In my latest National Post column I ask again how governments can be surprised again to find that incentives matter again.
"To Keynes’s famous dictum - 'in the long run we are all dead' - the historian is committed by profession flatly to reply ‘Nonsense! the long run is with us, a powerful active force every day of our lives."
Walt Rostow The Process of Economic Growth
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"Yes-men are good for the ego but not for the soul. They have no effect on your thinking, and you can hardly expect them to impress your opponents."
David Gelernter in National Review March 9, 1998
"A penny saved is a little piece of copper that stays in your pocket for 10 hours."
From a list of maxims in Globe and Mail Nov. 29, 2001 sent by Nicola Gilman’s Grade 3 class at Calgary Montessori School