Quotes of All Topics . Occasions . Authors
[Economists' advice] is something like patent medicine - people know it is largely manufactured by quacks and that a good percentage of the time it won't work, but they continue to buy the brand whose flavor they like.
Whether the flavour of economic advice you like is conservative or liberal, you will find that flavour available from some 'reputable' economist, since there is no single standard to which all 'reputable' economists must repair.
[On affirmative action:] Universities give a boost in admissions for other factors besides race, factors that bring no social benefit, such as athletic ability, celebrity of parents, and alumni connections. It is remarkable how little agitation there is against those practices.
The liberation of women from exclusive domesticity did not originate in feminist books, or a war, or a big inflation, although they contributed to its progress. The rising enrollment of women in the paid labor force is a straightforward consequence of the industrial revolution of two hundred years ago.
To be a housewife is to be a member of a very peculiar occupation, one with characteristics like no other. The nature of the duties to be performed, the method of payment, the form of supervision, the tenure system, the market in which the workers find jobs, and the physical hazzards are all very different from the way things are in other occupations.