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

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.

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?

The discipline of economics has yet to get over its childish passion for mathematics and for purely theoretical and often highly ideological speculation, at the expense of historical research and collaboration with the other social sciences.

Our modern democratic ideal is based on the hope that inequalities will be based on merit more than inheritance or luck.

It's important to realize that innovation and growth in itself are not sufficient to moderate inequality of wealth.

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