A competitive world offers two possibilities. You can lose. Or, if you want to win, you can change.

A competitive world offers two possibilities. You can lose. Or, if you want to win, you can change.

One of the peculiarities of economics is that it still rests on a behavioral assumption-rational utility maximization-that has long since been rejected by sociologists and psychologists.

Economists are always recommending the elimination of this or that market imperfection ... no astrophysicist recommends the elimination of planets that he does not like.

Without entrepreneurs, economies become poor and weak. The old will not exist, the new can't enter

We've believed for 50 years that the Japanese are small Americans who wanted to be like us. They are not.

Change requires individuals who recognize that new things can be done and who take the initiative to get them done ... The existing bureaucracies, public and private, will not take on the job of changing what is.