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.

Over a long period of time, the main force in favor of greater equality has been the diffusion of knowledge and skills.

What was the good of industrial development, what was the good of all the technological innovations, toil, and population movements if, after half a century of industrial growth, the condition of the masses was still just as miserable as before, and all lawmakers could do was prohibit factory labor by children under the age of eight?

Das Kapital, I think, is very difficult to read, and for me, it was not very influential.

We know too little about global wealth dynamics, so we need international transmission of bank information.

There is one great advantage to being an academic economist in France: here, economists are not highly respected in the academic and intellectual world or by political and financial elites. Hence they must set aside their contempt for other disciplines and their absurd claim to greater scientific legitimacy, despite the fact that they know almost nothing about anything.

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