I certainly agree that capital is not a one-dimensional object, and that the return on capital takes very different forms for different assets or different people.

I loved American universities. In many ways, they are better organized - certainly than French universities.

The democratic ideal has always been related to a moderate level of inequality. I think one big reason why electoral democracy flourished in 19th century America better than 19th century Europe is because you had more equal distribution of wealth in America.

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

Democracy will never be supplanted by a republic of experts—and that is a very good thing.

It's not Utopian to believe that we can create a global registry of financial assets so we know who owns what in different countries.

Wealth is so concentrated that a large segment of society is virtually unaware of its existence.