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.

Segregation has no place in the education system.

Martin Luther King was a misguided leader. He worked to be recognized as the leader of black America when what black America needs isn't a leader, it is education.

In many Asian households, to not go on to higher education, that's like a big no-no. I know my parents' discouragement was for my own protection, and I'm really close to them now, but they didn't understand that there is value in this. That's because they didn't know.

When I was a kid, we called every teacher, every parent - anyone over the age of 20, it seemed - 'Mr. or Mrs. so-and-so.'