"The spontaneous individual optimization that drives the theories with which I began is important, but it is not enough by itself. If spontaneous Coase‐style bargains, whether through laissez-faire or political bargaining and government, eliminated socially wasteful predation and obtained the institutions that are needed for a thriving market economy, then there would not be so many grossly inefficient and poverty-stricken societies."

"As I have already urged, the practice of that which is ethically best—what we call goodness or virtue—involves a course of conduct which in all respects is opposed to that which leads to success in th…"

"I define speech as any communicative activity. Yes. Yes. Yes. Watt was a case in which what was at issue was sleeping as communicative activity. What I said was that for purposes of the heightened pro…"

"The next most pressing problem was the better ordering of the finances of the Nation. Our Government was costing almost more than it was worth. It had more people on the pay roll than were necessary, …"

"I believe that political correctness can be a form of linguistic fascism, and it sends shivers down the spine of my generation who went to war against fascism."