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

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

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

Natural resources have dropped out of the competitive equation. In fact, a lack of natural resources may even be an advantage. Because the industries we are competing for - the industries of the future - are all based on brainpower.

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.

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.

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