The thing that was bad about colonialism, and the thing which is residually bad in some of our aid programs, is that it involved elements of coercion and condescension.

Next quotes

• Jeffrey Sachs:

  We've taken the view that if the rest of the world would democratize and create market economies, t

• George Ayittey:

  Mugabe's become a disgrace to Africa. And I must say this because I am an African and a lot of us l

• Steve Hanke:

  In Argentina, if the weather is bad, critics will blame it on the currency board.

• Christina Romer:

  What we're going to do is redouble our efforts on financial regulatory reform, because that has in

• Michael Spence:

  My father once said about being a parent that it is the only thing you do that requires a very long

• Hjalmar Schacht:

  With the aid of this credit policy, however, Germany created an armament second to none, and this a

• Myron Scholes:

  All models have faults - that doesn't mean you can't use them as tools for making decisions.

• Ronald Coase:

  The law of property determines who owns something, but the market determines how it will be used.

• James Heckman:

  We can change who we are. We can improve ourselves in various ways, and we can give ourselves possi

• Merton Miller:

  I was born in Boston, Massachusetts on May 16, 1923, the only child of Joel and Sylvia Miller.