A crackpot theory. Instead of saying labor's exploited, as Marx did, Kelso says capital's exploited. It's worse than Marx. It's Marx stood on its head.

In the US, the problem is primary and secondary education. We've had such an increase in inequality because a quarter of American kids don't finish high school!

The facts never speak for themselves. They have to be interpreted in terms of some understanding of where they come from and what the relation between them is.

One of the great mistakes is to judge policies and programs by their intentions rather than their results.

To really understand something you've got to reduce it to its principles.

Positive economics is in principle independent of any particular ethical position or normative judgment...In short, positive economics is or can be an "objective" science.

When they so-called 'target the interest rate', what they're doing is controlling the money supply via the interest rate. The interest rate is only an intermediary instrument.