“Good writing, and this is especially important in a subject such as economics, must also involve the reader in the matter at hand. It is not enough to explain. The images that are in the mind of the writer must be made to reappear in the mind of the reader, and it is the absence of this ability that causes much economic writing to be condemned, quite properly, as abstract.”

“John Kenneth Galbraith and Marshall McLuhan are the two greatest modern Canadians that the U.S. has produced.”

“Much literary criticism comes from people for whom extreme specialization is a cover for either grave cerebral inadequacy or terminal laziness, the latter being a much cherished aspect of academic freedom.”

“In any great organization it is far, far safer to be wrong with the majority than to be right alone.”

“By all but the pathologically romantic, it is now recognized that this is not the age of the small man.”

“The enemy of the conventional wisdom is not ideas but the march of events.”

“Money differs from an automobile or mistress in being equally important to those who have it and those who do not.”

“We can safely abandon the doctrine of the eighties, namely that the rich were not working because they had too little money, the poor because they had much.”

“The process by which banks create money is so simple that the mind is repelled.”

“Nothing is so admirable in politics as a short memory.”

“There are times in politics when you must be on the right side and lose.”