Every good cause is worth some inefficiency.

Globalization presumes sustained economic growth. Otherwise, the process loses its economic benefits and political support.

I spent the four years I was an undergraduate working on the beach. And it wasn't because I was lazy; it was because my freshman class would go to a hundred different employers and wouldn't get a nibble.

Self-deception ultimately explains Japan's plight. The Japanese have never accepted that change is in their interest - and not merely a response to U.S. criticism.

I couldn't reconcile what I was being taught at the university of Chicago, the lectures and the books I was being assigned, with what I knew to be true out in the streets.

Politicians like to tell people what they want to hear - and what they want to hear is what won't happen.

I don't care very much for the People Magazine approach to applied economics.