Democracy is acceptable to neo-liberals only in so far as it does not contradict the free market.

There are different ways to organise capitalism. Free-market capitalism is only one of them-and not a very good one at that.

95 percent of economics is common sense made complicated, and even for the remaining 5 percent, the essential reasoning, if not all the technical details, can be explained in plain terms.

The Korean economic miracle was the result of a clever and pragmatic mixture of market incentives and state direction.

In manufacturing, where mechanization and the use of chemical processes are much easier, it is easier to raise productivity than in services. In contrast, by their very nature, many service activities are inherently impervious to productivity increase without diluting the quality of the product.

History is on the side of the regulators.

It's not just about the current economic environment. History shows that slashing budgets always leads to recession.