Major investment decisions have become too important to be left to the private sector.

If a group of people has no sense where they came from-it is difficult for them to have a sense where they should go.

The old foundations of success are gone ... The world's wealthiest man, Bill Gates, owns nothing tangible: no land, no gold or oil, no factories ... For the first time in history the world's wealthiest man owns only knowledge.

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.

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

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.