When I was growing up in South Korea in the '70s and early '80s, the country was too poor to buy original records. Everything was bootlegged.

I am one of the most successful economists, according to what markets tell us, though most of my professional colleagues, who are much keener to accept market outcomes than I am, would dismiss me as a crank or - the worst of all abuses among economists - a 'sociologist.'

Overcoming the myth that there is such a thing as an objectively defined 'free market' is the first step towards understanding capitalism.

When we assess the impact of technological changes, we tend to downplay things that happened a while ago.

I do believe that it was through divine providence that the Founding Fathers drafted a document that created a government that didn't trust each other - hence the separation of powers. And then, to close the deal, the Bill of Rights was added to continue to protect individual rights and freedoms.

Online I see people committing 'social media suicide' all the time by one of two ways. Firstly by responding to all criticism, meaning you're never going to find time to complete important milestones of your own, and by responding to things that don't warrant a response. This lends more credibility by driving traffic.

At a time when the Post Office is losing substantial revenue from the instantaneous flow of information by email and on the Internet, slowing mail service is a recipe for disaster.

When we are sick, we want an uncommon doctor; when we have a construction job to do, we want an uncommon engineer, and when we are at war, we want an uncommon general. It is only when we get into politics that we are satisfied with the common man.