The passing of Marxism-Leninism first from China and then from the Soviet Union will mean its death as a living ideology ... . For while there may be some isolated true believers left in places like Managua, Pyongyang, or Cambridge, MA.

If networks are to be more efficient...this will come about only on the basis of a high level of trust and the existence of shared norms of ethical behavior between network members

China is never going to be a global model. Western system is really broken in some fundamental ways, but the Chinese system is not going to work either. It is a deeply unfair and immoral system where everything can be taken away from anyone in a split second.

Be afraid of the Chinese. I mean, the Chinese shoot down satellites in space; they hack into Google's computers; the Osama bin Laden people can't make their underwear blow up.

For capitalism flourishes best in a mobile and egalitarian society

Neoclassical economics ... has uncovered important truths about the nature of money and markets because its fundamental model of rational self-interested human behavior is correct about 80% of the time.

In the future the optimal form of industrial organization will be neither small companies nor large ones but network structures that share the advantages of both.