“The Most successful industry of the last forty years has been built on failure after failure after failure.”

“Fight scarcity power and corruption; correct externalities; try to maximise information; get the incentives right; engage with other countries; and most of all embrace markets, which do most of these jobs at the same time.”

“The more grotesque your boss's pay and the less he has do to earn it, the bigger the motivation for you to work with the aim of being promoted to what he has.”

“The dictator has to keep the economy functioning in order to keep stealing from it.”

“No plan survives first contact with the enemy. What matters is how quickly the leader is able to adapt.”

“Accepting trial and error means accepting error. It means taking problems in our stride when a decision doesn't work out, whether through luck or misjudgment. And that is not something human brains seem to be able to do without a struggle.”

“There is much more to life than what gets measured in accounts. Even economists know that.”