Many kids come out of college they have a credit card and a diploma. They don't know how to buy a house or a car or health insurance or life insurance. They do not know basic microeconomics.

When a management with a reputation for brilliance tackles a business with a reputation for bad economics it is the reputation of the business that remains intact.

The art of economics consists in looking not merely at the immediate but at the longer effects of any act or policy it consists in tracing the consequences of that policy not merely for one group but for all groups.

Religion and art spring from the same root and are close kin. Economics and art are strangers.