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"I'm just learning how to talk about these things in nonmathematical
ways. So I tried recently to write a couple of papers in economic
history without any equations. It's hard." Thomas Sargent, 1983,
Conversations with Economists."
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"In this state of imbecility, I had, for amusement,
turned my attention to politcal economy." Confessions of an English
Opium Eater , Thomas De Quincey
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"If Hitler invaded Hell, I would at least make a favorable reference to the Devil in the House of
Commons." Winston Churchill, 1941
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"Paper money, that barometer of public faith,
issued by both Congress and the states, was practically worthless. Businessmen
insisted ruthlessly on 'hard money' for every commodity and every army supply.
Ironically, even the counterfeiters who were rife were making better money than was the
Congress. In February, 1778, newspapers published a warning against counterfeit
thirty dollar bills. They were 'easily discovered,' the public was informed, because
they were printed on better paper and the engraving was of finer quality than that
of legal tender. The easiest way to spot one of the bogus bills, however, was
to note that on it Philadelphia was spelled correctly, while on the genuine note
it read, 'Philadelpkia.'" Scheer and Rankin, 1957, p. 303
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"Many years ago when I was in college, I tackled what was then called Political Economy.
I understand it is quite different now, and that some things that were then true beyond
dispute are no longer either true or respectable." William Kent, Land Tenure and Public Policy , AEA Papers and Proceedings, 1919.
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