The best way to boost the economy is to redistribute wealth downward, as poorer people tend to spend a higher proportion of their income.

History is on the side of the regulators.

[Good managers] know that people have 'good' sides and 'bad' sides and that the secret of good management is in magnifying the former and toning down the latter.

Corruption often exists because there are too many market forces, not too few.

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.

A well-designed welfare state can actually encourage people to take chances with their jobs and be more, not less, open to changes.

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