If you want poor people to work you restore their incentive by giving them less, such as by cutting social services. If you want rich people to work you restore their incentive by giving them more, such as by cutting taxes.

Economics is a social science, not a physical science.

We know that investment causes growth. But it is also true that growth causes investment.

Try this: say the words "global, global, global" aloud several times, as fast as you can. You'll find yourself sounding like a turkey ("gobble, gobble, gobble").

Employers crave the power to fire workers whose performance is judged inferior-not just to get rid of those particular workers, but more importantly to motivate and discipline the rest of the workforce.

Everyone has an interest in the economy: in how it functions, how well it functions, and in whose interests it functions.

Competition-ruthless, unforgiving, to-the-death competition-is a crucial feature of capitalism.