A prolonged and massive increase in aggregate wealth per capita has taken place over several centuries.

I was certain that I was not a Marxist, but I did believe firmly that a connection between economics and politics existed.

Liberal economists conceive of societies as black boxes connected by exchange rates; as long as exchange rates are correct, what goes on inside the black box is regarded as not very important.

Many critics see international trade as a form of cultural imperialism that must be strictly controlled.

Trade is the oldest and most important economic nexus among nations. Indeed, trade along with war ha been central to the evolution of international relations.

Among the many factors that make a return to halcyon days of the first decades of the postwar era virtually impossible is the decline of clearly defined political leadership.

Structuralism argues that a liberal capitalist world economy tends to preserve or actually increase inequalities between developed and less developed economies.