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.

The multi-party agreement, known as the Global Political Agreement (GPA), created the Government of National Unity (GNU) that has acted as Zimbabwe's governing institution since 2009.

My optimism is not based primarily on the successful march of democracy in recent times but rather is based on the experience of having lived in a fear society and studied the mechanics of tyranny that sustain such a society.

Any number of scoundrels, having money enough to start with, can establish themselves as a 'government'; because, with money, they can hire soldiers, and with soldiers extort more money; and also compel general obedience to their will.

I was very excited about a currency that was not controlled by a central government, that could be a free market currency. That was all the incentive I needed to dedicate my life to it.