Some important aspects of important aspects of economic organization take on a new meaning when they are considered from the viewpoint of the search … - George Stigler

Whether one is a conservative or a radical, a protectionist or a free trader, a cosmopolitan or a nationalist, a churchman or a heathen, it is useful to know the causes and consequences of economic phenomena.

Unexpected changes, on the contrary, lead to windfall gains or losses for those who are in the right or wrong places at a given time.

In spite of assigning little influence of economists' preachings on actual public policy, I do not believe that economists' influence is negligible. The reconciliation of these views lies in the fact that economists are scientists as well as preachers. Our science seeks to understand how economic institutions and economic systems work, and no informed person can deny that we have made much progress in this work.