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Infinite growth of material consumption in a finite world is an impossibility.

The whole intention of empirical economics is to force theory down to Earth.

We used to live in a world where the price of resources came down steadily, and now the world has changed. You have a great mismatch between finite resources and exponential population growth.

I'm not sure what theory is, unless it's the pursuit of fundamental questions.

We need to revise our economic thinking to give full value to our natural resources. This revised economics will stabilize both the theory and the practice of free-market capitalism. It will provide business and public policy with a powerful new tool for economic development, profitability, and the promotion of the public good.

You can't run a business or anything else on a theory.

My fundamental tenets are concerned with freedom of the individual; the market isn't perfect, but it's the best available way of allocating resources.

Classic economic theory, based as it is on an inadequate theory of human motivation, could be revolutionized by accepting the reality of higher human needs, including the impulse to self actualization and the love for the highest values.

Economics is a strange science. Our subject deals with some of the most important as well as mundane issues that impinge on the human condition.

This paper was one of my digressions into abstract economics.