And make no mistake about it: Smith was right. Most of the interventions into economic life by the State were then harmful both to prosperity and fre… - Paul Samuelson

Economics, even classical economics, is not a finished business. There are still issues relevant to the present debate that have not been definitively explored.

Science is not art. Yet, despite the lack of complete identity between art and science, there is much in common among different creative processes.

From the beginning I could not believe that the “efficient market” hypothesis was dependent on a pure Brownian motion white noise or any truly random random walk. Place a minuscule colloidal molecule on a horizontal table that covers unlimited acres. Bombard it from every direction with thousands of minute atoms; and then if you wait long enough that original molecule can have traveled a billion miles in one direction. That’s truly a random Bachelier-Einstein walk, but not my notion of economic fluctuations.