The world economy diffuses rather than concentrates wealth.

The world economy diffuses rather than concentrates wealth.

Specialization makes the welfare of the society vulnerable to the market and to political forces beyond national control.

In many societies the domestic social costs of adjustment to changing patterns of comparative advantage are believed to outweigh the advantages of further trade liberalization.

The parallel existence and mutual interaction of "state" and "market" in the modern world create "political economy"; without both state and market there could be no political economy.

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

There is a pressing need to integrate the study of international economics with the study of international politics to deepen our comprehension of the forces at work in the world.