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.

Everybody makes money; not everybody makes history.

The United States is much further along because its financial crisis struck three years before Europe's, in 2008, causing headwinds that have pressured it ever since.

At the time, I was making good money doing background work and demos.

I never cared about money because I never needed money, you know what I mean? When I was 12 to 17 I never saw any of the money, so the money never motivated me.