"Can we reverse these deeply rooted sources of inequality? Or are they just endemic to a capitalist economy?"

"The economic illusion is the belief that social justice is bad for economic growth."

"But of course you can have your cake and eat it, too - if you decide to bake a second cake. And you may well find tha…"

"In practice, a good deal of the outcomes produced by the market reflect nothing more than luck - good or bad."

"American critics of welfare statism are often surprised to learn that countries like West Germany, with a much more c…"

"Keynes, like Freud and Marx, deserves to be read in the original, not through the glosses of his lesser disciples."

"In America, we build public housing by creating lucrative inducements to private developers, and then wax indignant a…"

"If social security depresses savings rates, it is only because it is unfunded."

"When laissez-faire creates instability, the move to a freer market can be something less than pure gain."

"Technological change is beneficial only when other jobs replace the ones lost."