In practice, a good deal of the outcomes produced by the market reflect nothing more than luck - good or bad.

When laissez-faire creates instability, the move to a freer market can be something less than pure gain.

If social security depresses savings rates, it is only because it is unfunded.

It is more than a little ironic that "capital accumulation" once a rather tendentious Marxian view of a supposed capitalist obsession, should have become - of all things - Wall Street's own slogan.

Both rich and poor nations have a common stake in policies that put the globe on a sustainable development path. The conflict is less between poor and rich countries than between the broad interests of people and the narrow interests of extractive industries. We need to find our way towards some kind of global regime that reduces emissions of the greenhouse gases, but well-off nations need to transfer the technology to make this possible, rather than viewing this shift as one more opportunity for private industry to profit.

In practice, a good deal of the outcomes produced by the market reflect nothing more than luck - good or bad.

Technological advance often thrives in sheltered and subsidized markets, which defy free trade.