Fines are preferable to imprisonment and other types of punishment because they are more efficient. With a fine, the punishment to offenders is also revenue to the State.

Along with others, I have tried to pry economists away from narrow assumptions about self interest. Behavior is driven by a much richer set of values and preferences.

The Treatise tries to analyze not only modern Western families, but also those in other cultures and the changes in family structure during the past several centuries.

I am saying that the economic approach provides a valuable unified framework for understanding all human behaviour

Different constraints are decisive for different situations, but the most fundamental constraint is limited time.

A stronger yuan could lead to greater Chinese asset accumulation in the U.S. and elsewhere.

Economy is the art of making the most of life.