So the price system gives innumerable messages on the state of supply and demand for each commodity or service at each place where it is bought or pr… - George Stigler

The great disservice of the leaders of Negro opinion was to direct the discontent at the white population. It was proper to demand political rights that only a majority could confer. It was proper to ask the white population to assist in the rise of the Negro—a small enough restitution for the unreversible mistakes of the past. But it was a terrible disservice to identify the white man as the main obstacle to the rise of the Negro.

One should hardly have to tell academicians that information is a valuable resource: knowledge is power. And yet this occupies a slum dwelling in the town of economics. Mostly it is ignored.

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.