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

People who live in poor countries have to be entrepreneurial even just to survive.

The top 10 per cent of the US population appropriated 91 per cent of income growth between 1989 and 2006, while the top 1 per cent took 59 per cent.

Low inflation and government prudence may be harmful for economic development.

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.

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

The foundation of economic development is the acquisition of more productive knowledge.