If people who have to work together in an enterprise trust one another it is because they are all operating to a common set of ethical norms....such a society will be better able to innovate...since the high degree of trust will permit a wide variety of social relationships to emerge.

The desire for economic prosperity is itself not culturally determined but almost universally shared

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.

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.

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.

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.