The leisure class has been replaced by another and much larger class to which work has none of the older connotation of pain, fatigue, or other mental or physical discomfort. We have failed to observe the emergence of this New Class, as it may be simply called.

Much of the world’s work, it has been said, is done by men who do not feel quite well. Marx is a case in point.

It will be convenient to have a name for the ideas which are esteemed at any time for their acceptability, and it should be a term that emphasizes this predictability. I shall refer to these ideas henceforth as the conventional wisdom.

It is a commonplace of modern technology that there is a high measure of certainty that problems

Monopoly or the full control of supply, and hence of price, by a single firm was the ultimate security. But there were many very habitable half-way houses.

Economists, on the whole, think well of what they do themselves and much less well of what their professional colleagues do.

The Keynesian Revolution occurred at the moment in history when other change had made it indispensable

According to the experience of all but the most accomplished jugglers, it is easier to keep one ball in the air than many.

Power is not something that can be assumed or discarded at will like underwear.

More die in the United States of too much food than of too little.