In the longer run and for wide-reaching issues, more creative solutions tend to come from imaginative interdisciplinary collaboration.

Liberalism downplays certain of our moral senses: loyalty, authority, and sanctity.

Economists who adhere to rational-expectations models of the world will never admit it, but a lot of what happens in markets is driven by pure stupidity - or, rather, inattention, misinformation about fundamentals, and an exaggerated focus on currently circulating stories.

My clinical psychologist wife of 40 years has always had a close intellectual influence on me. When I was beginning to talk openly in the economics profession about irrationality in decision-making, I received a lot of criticism. Ginny would support my views and remind me that a whole other profession - psychology - studies people's irrational sides.

In the longer run and for wide-reaching issues, more creative solutions tend to come from imaginative interdisciplinary collaboration.

Life's meaning heavily benefits from lifelong bonds.

Money management has been a profession involving a lot of fakery - people saying they can beat the market, and they really can't.