Economic Theory Is The Most Prestigious Subject

It Is A Far, Far Better Thing To Have A Firm Anchor In Nonsense Than To Put Out On The Troubled Seas Of Thought.

American University Presidents Are A Nervous Breed; I Have Never Thought Well Of Them As A Class.

The Seminar In Economic Theory Conducted By Hayek At The L.s.e. In The 1930s Was Attended, It Came To Seem, By All Of The Economists Of My Generation - Nicky Kaldor , Thomas Balogh, L. K. Jah, Paul Rosenstein-rodan, The List Could Be Indefinitely Extended. The Urge To Participate (and Correct Hayek) Was Ruthlessly Competitive.

Technology Means The Systematic Application Of Scientific Or Other Organized Knowledge To Practical Tasks.

In The United States All Business Not Transacted Over The Telephone Is Accomplished In Conjunction With Alcohol Or Food, Often Under Conditions Of Advanced Intoxication. This Is A Fact Of The Utmost Importance For The Visitor Of Limited Funds... For It Means That The Most Expensive Restaurants Are, With Rare Exceptions, The Worst.