Once constituted, capital reproduces itself faster than output increases. The past devours the future.

Capitalism and market forces are very powerful in producing wealth and innovation. But we need to ensure that these forces act in the common interest.

I think if you look back through time, the history of income, wealth and taxation is full of surprise. So I am not terribly impressed by those who know in advance what will or will not happen.

Having a decent share of the national wealth for the middle class is not bad for growth. It is actually useful both for equity and efficiency reasons.

Education makes us more stupid than the brutes. A thousand voices call to us on every hand, but our ears are stopped with wisdom.

When I moved to Chicago, I was coming from a school that didn't have any arts in Alabama. I essentially came from a town where the arts didn't exist and the desire for education didn't exist and wasn't valued.

My mother and father are exceptionally proud Indians. They always wanted to contribute, to give back philanthropically, especially in the field of education.

You see, I have in my teaching - I always say I've done it for a hundred years and have had thousands of students - I have always spoken against just falling onto your knees for so-called accidents, I mean a result you are not responsible for.