We are like highly trained athletes, who never run a race.

What counts is results, and there can be no doubt that the Soviet planning system has been a powerful engine for economic growth...The Soviet model has surely demonstrated that a command economy is capable of mobilizing resources for rapid growth.

The niceties of existence were not a matter of concern, yet everything around was closed down most of the time. If you lived in a middle-class community in Chicago, children and adults came daily to the door saying, 'We are starving, how about a potato?' I speak from poignant memory.

It is not easy to get rich in Las Vegas, at Churchill Downs, or at the local Merrill Lynch office.

Every good cause is worth some inefficiency.

Thousands of important and intelligent men have never been able to grasp the principle of comparative advantage or believe it even after it was explained to them

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