“The key insight of Adam Smith's Wealth of Nations is misleadingly simple: if an exchange between two parties is voluntary, it will not take place unless both believe they will benefit from it. Most economic fallacies derive from the neglect of this simple insight, from the tendency to assume that there is a fixed pie, that one party can gain only at the expense of another.”

“But no moral philosopher, from Aristotle to Aquinas, to John Locke and Adam Smith, divorced economics from a set of moral ends or held the production of wealth to be an end in itself; rather it was seen as a means to the realization of virtue, a means of leading a civilized life.”

“Every good story starts with a simple premise. This one begins with the notion of survival. The determination to live is both instinctive and ferocious. It often encourages compromise with evil. Only the Devil ever benefits from such a bargain.”

“From our mistakes we gain experiencesFrom those experiences we gain knowledgeFrom the knowledge we gain insight not to again repeat the same plight”

“The conservative revolution that Reagan helped usher in gained traction because Reagan's central insight - that the liberal welfare state had grown complacent and overly bureaucratic, with Democratic policy makers more obsessed with slicing the economic pie than with growing the pie - contained a good deal of truth.”

“The most serious point in the case is the disposition of the child."What on earth has that to do with it?" I ejaculated.My dear Watson, you as a medical man are continually gaining insight as to the tendencies of a child by the study of the parents. Don't you see that the converse is equally valid. I have frequently gained my first real insight into the character of parents by studying their children.”