I think that for the developing world there are many versions of capitalism, and countries have to choose one that's appropriate.

International lending banks need to focus on areas where private investment doesn't go, such as infrastructure projects, education and poverty relief.

Macroeconomic policy can never be devoid of politics: it involves fundamental trade-offs and affects different groups differently.

It is trust, more than money, that makes the world go round.

There must have been something in the air of Gary that led one into economics: the first Nobel Prize winner, Paul Samuelson, was also from Gary, as were several other distinguished economists.

What you measure affects what you do. If you don't measure the right thing, you don't do the right thing.

American inequality didn't just happen. It was created.

The problem is a lot of what is called economics is not economics. It is more ideology or religion.

Trickle-down economics is a myth. Enriching corporations - as the TPP would - will not necessarily help those in the middle, let alone those at the bottom.

The striking thing about America is - it's historically, extraordinary unusual, I don't of any other instance - is that productivity of workers and wages have not moved in tandem.

In developing countries, lack of infrastructure is a far more serious barrier to trade than tariffs.

Imagine, and it shall be.There are no limits.⁠⁠⁠⁠

You still have a very promising shot at winning, but the only thing left is you making up your mind to take it.

In Washington, the venerable were often vulnerable.

A dull speaker like a plain woman is credited with all the virtues for we charitably suppose that a surface so unattractive must be compensated by interior blessings.

Deep and elegant explanations relate to natural or social phenomena and the observer often has no place in them.

It's not hard to write poorly. But to write something good, it has to be revised.

Virtue can have naught to do with ease. . . . It craves a steep and thorny path.

We must give more in order to get more. It is the generous giving of ourselves that produces the generous harvest.

Suddenly I am furious, that with my life on the line, they don’t even have the decency to pay attention to me. That I’m being upstaged by a dead pig.

All truths wait in all things,/They neither hasten their own delivery nor resist it