“Lucas’s “Mechanics” Lectures caught the profession by surprise. His argument enraged some economists and startled or puzzled others. It was his first word on the subject of growth. It seemed to have come completely out of the blue. And even though his interest in the possibility of market failure seemed curiously in tune with fifty years of the Keynesian tradition, it was unfamiliar enough when expressed in the vernacular of Freshwater economics that the lectures at first caused more consternation than anything else, and in most quarters they were studiously ignored. A few young researchers, however, were galvanized into immediate action.
The notion that trade and migration must be strongly linked to economic growth was hardly new. Nor was the insight that cities must be central to economic progress. Perhaps the real news from Lucas’s lectures was his identification of lock-in as a potentially serious puzzle.”
David Warsh, Knowledge and The Wealth of Nations: A Story of Economic Discovery (2006), Ch. 19 : Recombinations
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David Warsh 4
American journalist 1944Related quotes

"Edmund Burke, Anarchist" http://archive.lewrockwell.com/rothbard/rothbard11.html, first published as "A Note on Burke’s Vindication of Natural Society" in the Journal of the History of Ideas, 19, 1 (January 1958), p. 114.
Context: In 1756 Edmund Burke published his first work: Vindication of Natural Society. Curiously enough it has been almost completely ignored in the current Burke revival. This work contrasts sharply with Burke’s other writings, for it is hardly in keeping with the current image of the Father of the New Conservatism. A less conservative work could hardly be imagined; in fact, Burke’s Vindication was perhaps the first modern expression of rationalistic and individualistic anarchism. … "Anarchism" is an extreme term, but no other can adequately describe Burke’s thesis. Again and again, he emphatically denounces any and all government, and not just specific forms of government. … All government, Burke adds, is founded on one "grand error." It was observed that men sometimes commit violence against one another, and that it is therefore necessary to guard against such violence. As a result, men appoint governors among them. But who is to defend the people against the governors? … The anarchism of Burke’s Vindication is negative, rather than positive. It consists of an attack on the State rather than a positive blueprint of the type of society which Burke would regard as ideal. Consequently, both the communist and the individualist wings of anarchism have drawn sustenance from this work.
"Hayek and the Austrian tradition", in Edward Feser(ed.), The Cambridge Companion to Hayek (2006)

Source: 1950's, Interview by William Wright, Summer 1950, pp. 139-140

The Shepherd of King Admetus http://www.readbookonline.net/readOnLine/1170/, st. 5

The Education of Henry Adams (1907)

Source: Dictionary of Burning Words of Brilliant Writers (1895), P. 348.