We want capitalism and market forces to be the slave of democracy rather than the opposite.

For far too long economists have sought to define themselves in terms of their supposedly scientific methods. In fact, those methods rely on an immoderate use of mathematical models, which are frequently no more than an excuse for occupying the terrain and masking the vacuity of the content.

The principal mechanism for convergence at the international as well as the domestic level is the diffusion of knowledge.

Refusing to deal with numbers rarely serves the interests of the least well-off.

The U.S. is the country that invented progressive taxation of income and of inherited wealth in the 1910s and 20s.

Indeed, the distribution of wealth is too important an issue to be left to economists, sociologists, historians, and philosophers.

I am not political. It is not my job. But I would be happy if politicians could read my work and draw some conclusions from it.