“In societies where one sees a higher prevalence of 'modern values' - i...” — Edmund Phelps Quote

“In societies where one sees a higher prevalence of 'modern values' - individualism, vitalism and self-expression - there's also higher reported job satisfaction.”

“I grew up thinking that renting is perfectly normal. And then, strangely enough, I never did buy a house. I live in New York City, and I'm still renting. My own personal narrative shows that it is possible to live a respectable life without ever having owned a home.”

“A system where self-employment and self-finance was typical gave way to a system of companies having various business freedoms and enabling institutions. This was the 'great transformation' on which historians and sociologists as well as business commentators were to write volumes.”

“Italian companies need to re-convert themselves, and such a re-conversion must be toward a better, higher standard.”

“We have to continue to learn. We have to be open. And we have to be ready to release our knowledge in order to come to a higher understanding of reality.”

“The higher the moral tone, the more suspect the speaker.”