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.

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

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

For capitalism flourishes best in a mobile and egalitarian society

Economic activity is carried out by individuals in organisations that require a high degree of social co-operation

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.