Q: Who was the most important economist of the 20th century besides you?
A: John Maynard Keynes
Q: Who deserved the Nobel but didn't get it?
A: Joan Robinson and Peter Bauer
Q: What single breakthrough in economic thought in the past 50 years has had the most significant impact on the every day lives of people?
A: Acceptance of the idea that inflation is a monetary phenomenon. It has produced by now more than two decades of relatively low inflation in most developed countries, relatively stable economic output, a high level of employment and of well being.
Q: In what sphere of life, if any, do you think it most important to limit the influence of market forces?
A: Ownership of human beings.
Q: What do you consider the world's single greatest economic challenge today?
A: Holding down the size and scope of government
Q: Do you think the fruits of the global economy will be distributed more evenly 50 years from now, or less evenly?
A: More evenly. The major sources of income differences today are between the developed and the undeveloped countries. This inter-country difference will decline as globalization spreads and more and more countries find a way to achieve economic growth and prosperity.
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