I find her [Frances Trollope] simply delightful, even in her prejudices and cantankerousness. It is a gift to an author to find a funny, wry, perceptive contemporary observer to whom the subject matter seems almost as different and alien, and requiring as much struggling to understand, as it did to me.

We demonstrated what you could do when a band of entrepreneurs settles an empty country with vast resources. The Chinese have a billion people and are running out of water. Tougher problem for sure.

I've been among their critics [MBA programs]. Much of what I've seen in business schools is quite non-rigorous. Anecdotal histories are stretched to illustrate favored slogans. Evidence of their effectiveness is similarly anecdotal.

merica was middle-class for the very start - the people who came first were hyper-strivers from England. There were no vested interests, no ranks, no classes, it was very lightly populated, there were unlimited natural resources - for free essentially - if you failed, you could always start over.

Military power tends to be a function of economic power, and the British Navy was the essential capability for establishing the imperial sway - which was attuned to furnish the raw materials for the British manufacturing ascendance. So they were mutually reinforcing.

The evolution was always to greater scale and speed. Other countries did that here and there - GB in textiles, Germany in steel - but we went in that direction almost across the board.

By 18th century standards, they [Great Britain] were the freest, most dynamic, most willing to challenge tradition and authority. They had the highest wages and highest living standard, and probably the most engagement between the populace and the government of any country. Then the United States took those same qualities to the nth degree, and the British were suddenly appeared stodgy and tradition-bound.