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

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

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.

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.

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

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

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.