Occupation: Economist Birth: October 7, 1963
Self-interest, to be sure, is one of the most important, but we have many other motives - honesty, self-respect, altruism, love, sympathy, faith, sen….
If we are really serious about preventing another crisis like the 2008 meltdown we should simply ban complex financial instruments, unless they can b….
The history of capitalism has been so totally re-written that many people in the rich world do not perceive the historical double standards involved ….
[Good managers] know that people have 'good' sides and 'bad' sides and that the secret of good management is in magnifying the former and toning down….
There is no such thing as a free market..
There are different ways to organise capitalism. Free-market capitalism is only one of them-and not a very good one at that..
Equality of opportunity is meaningless for those who do not have the capabilities to take advantage of it..
Equality of opportunity is not enough. Unless we create an environment where everyone is guaranteed some minimum capabilities through some guarantee ….
Between the Great Depression and the 1970s, private business was viewed with suspicion even in most capitalist economies. Businesses were, so the sto….
Corruption often exists because there are too many market forces, not too few..
The Korean economic miracle was the result of a clever and pragmatic mixture of market incentives and state direction..
The top 10 per cent of the US population appropriated 91 per cent of income growth between 1989 and 2006, while the top 1 per cent took 59 per cent..
It takes time and experience to absorb new technologies, so technologically backward producers need a period of protection from international competi….
Gore Vidal, the American writer, once described the American economic system as 'free enterprise for the poor and socialism for the rich'. Macroecono….
In manufacturing, where mechanization and the use of chemical processes are much easier, it is easier to raise productivity than in services. In cont….
A well-designed welfare state can actually encourage people to take chances with their jobs and be more, not less, open to changes..
People 'over-produce' pollution because they are not paying for the costs of dealing with it..
Democracy is acceptable to neo-liberals only in so far as it does not contradict the free market..
The widely accepted assertion that, only if you let markets be will everyone be paid correctly and thus fairly, according to his worth, is a myth. On….
The higher education system in these countries (US, Korea etc) has become like a theatre in which some people decided to stand to get a better view, ….
The danger is not only that these austerity measures are killing the European economies but also that they threaten the very legitimacy of European d….