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.

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.

To truly esteem oneself means that one must be capable of feeling shame or self-disgust when one does not live up to a certain standard

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.

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.

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.

The nation will continue to be a central pole of identification, even if more and more nations come to share common economic and political forms of organization.