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

At the heart of every major political upheaval lies a fiscal revolution.

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

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.

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

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.

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