"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."

"It is more than a little ironic that "capital accumulation" once a rather tendentious Marxian view of a supposed capi…"

"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."