188 quotes
There is no name for all who participate in group decision-making or the organization which they form. I propose to call this organization the Technostructure.
The New Industrial State (1967)
The overall effect of the rise of the industrial system is greatly to reduce the union as a social force. But it will not disappear or become entirely unimportant.
The New Industrial State (1967)
THE INDUSTRIAL SYSTEM requires that prices be under effective control. And it seeks the greatest possible influence over what buyers take at the established prices.
The New Industrial State (1967)
THE GENIUS of the industrial system lies in its organized use of capital and technology. This is made possible, as we have duly seen, by extensively replacing the market with planning.
The New Industrial State (1967)
We are becoming the servants in thought, as in action, of the machine we have created to serve us.
Any country that has Milton Friedman as an adviser has nothing to fear from a few million Arabs.
Wall Street's crime, in the eyes of its classical enemies, was less its power than its morals.
The Great Crash, 1929 (1954)
The foresight of financial experts was, as so often, a poor guide to the future.
Money: Whence It Came, Where It Went (1975)
The study of money, above all other fields in economics, is the one in which complexity is used to disguise truth or to evade truth, not to reveal it.
Money: Whence It Came, Where It Went (1975)
There was something superficial in attributing anything so awful as the Great Depression to anything so insubstantial as speculation in common stocks.
Money: Whence It Came, Where It Went (1975)
Private enterprise did not get us atomic energy.
The Affluent Society (1958)
Seaboard Air Line, which was thought by numerous innocents to provide a foothold in aviation, was another favorite, although, in fact, it was a railroad.
Money: Whence It Came, Where It Went (1975)
Economics is not an exact science.
The Age of Uncertainty (1977)
All, the intelligent and stupid, diligent and idle, have been swept along on a current of increased output that, in the usual case, owed nothing whatever to their efforts.
The New Industrial State (1967)
More generally, the individual who gets added income as a result of a general inflationary movement atributes it not to larger economic causes but to his own virtue and diligence.
The New Industrial State (1967)
The myth that holds that the great corporation is the puppet of the market, the powerless servant of the consumer, is, in fact one of the devices by which its power is perpetuated.
The Age of Uncertainty (1977)
At best, in such depression times, monetary policy is a feeble reed on which to lean.
The Great Crash, 1929 (1954)
In dealing with Mr. Nixon, it is not easy to be unfair. He invites and justifies all available criticism.
Money: Whence It Came, Where It Went (1975)
Of all the weapons in the Federal Reserve arsenal, words were the most unpredictable in their consequences.
The Great Crash, 1929 (1954)
In the really hard cases you're choosing between the disastrous and the catastrophic, and it's hard to tell someone which one is which.