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

I don't think there is any serious evidence that we need to be paying people more than 100 times the average wage in order to get high-performing managers.

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

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.

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

When inequality gets to an extreme, it is completely useless for growth.

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?