Medical tourism can be considered a kind of import: instead of the product coming to the consumer, as it does with cars or sneakers, the consumer is going to the product.

Self-dealing, essentially, occurs when managers run companies to line their own pockets instead of those of the companies' owners. It's been a perennial problem in American capitalism and became a real dilemma when America moved toward a model in which corporations would be run by professional managers who had only small ownership stakes.

Standards wars involve lots of variables, and understanding them often seems more an art than a science. They generally involve just two big players, and end in a winner-take-all situation.

You might say that economic history is the history of people learning to manage risk.

We didn't have money put away in the bank for a college fund; soccer was our lottery ticket, our gamble.

I'm a firm believer in putting your money where your mouth is.

We represent the people's money, and we have to be good stewards of that.

As an assistant in the polytechnic department, I was able to finance new studies and got my Physics Masters Degree in 1958 and my Ph.D. in 1959.