“When the final result is expected to be a compromise, it is often prudent to start from an extreme position.”

“The ideas of economists and political philosophers, both when they are right and when they are wrong are more powerful than is commonly understood. Indeed, the world is ruled by little else. Practical men, who believe themselves to be quite exempt from any intellectual influences, are usually slaves of some defunct economist.”

“Practical men who believe themselves to be quite exempt from any intellectual influence, are usually the slaves of some defunct economist. Madmen in authority, who hear voices in the air, are distilling their frenzy from some academic scribbler of a few years back”

“When somebody persuades me I am wrong, I change my mind.”

“But my lord, when we addressed this issue a few years ago, didn't you argue the other side?" He said, "That's true, but when I get more evidence I sometimes change my mind. What do you do?”

“When the capital development of a country becomes a by-product of the activities of a casino, the job is likely to be ill-done”

“When the facts change, I change my mind - what do you do, sir?”