Gerard Perry

“Today it is generally accepted that much of what passes as Keynesian thought is not so much the work of Keynes himself as that of his popularizers. Other economists tend to see their own reflection in the works of Keynes. The General Theory of Employment, Interest, and Money (London,1936) has become a Procrustean bed whereby authors trim or stretch Keynes to suit their own purposes.”
― Richard C. Schiming

“I want economists to quit concerning themselves with allocation problems, per se, with the problem, as it has been traditionally defined. The vocabulary of science is important here, and as T. D. Weldon once suggested, the very word "problem" in and of itself implies the presence of "solution." Once the format has been established in allocation terms, some solution is more or less automatically suggested. Our whole study becomes one of applied maximization of a relatively simple computational sort. Once the ends to be maximized are provided by the social welfare function, everything becomes computational, as my colleague, Rutledge Vining, has properly noted. If there is really nothing more to economics than this, we had as well turn it all over to the applied mathematicians. This does, in fact, seem to be the direction in which we are moving, professionally, and developments of note, or notoriety, during the past two decades consist largely in improvements in what are essentially computing techniques, in the mathematics of social engineering. What I am saying is that we should keep these contributions in perspective; I am urging that they be recognized for what they are, contributions to applied mathematics, to managerial science if you will, but not to our chosen subject field which we, for better or for worse, call "economics.”
― James M. Buchanan

“If I had a choice, I would still choose to remain blind…for when I die, the first face I will ever see will be the face of my blessed Saviour.”
― Fanny Crosby

“Never give up... No one knows what's going to happen next.”
― L. Frank Baum