The negative side to globalization is that it wipes out entire economic systems and in doing so wipes out the accompanying culture

F. A. Hayek is probably the most prominent advocate of capitalism in the present period.

An economy oriented toward production for market exchange provides the optimal conditions for long-lasting and ever-expanding productive capacity based on modern technology.

Our institute's agenda is relatively simple. We study the relationship between social-economic change and culture. By culture we mean beliefs, values and lifestyles. We cover a broad range of issues, and we work very internationally.

In acute suffering the need for meaning is as strong or stronger than the need for happiness.

So I think one can say on empirical grounds - not because of some philosophical principle - that you can't have democracy unless you have a market economy.

A few years ago, a priest working in a slum section of a European city was asked why he was doing it, and replied, 'So that the rumor of God may not completely disappear.