In various countries around the world, assets that had previously been in the hands of governments were sold off to the private sector in the hope that this would lead to a more efficient allocation, that these assets would be put to better use.

Prediction is certainly a valuable goal in science, but not the only one. Explanation is also important, and there are plenty of sciences that do a lot of explaining and not much predicting.

A properly designed tax system can strike a balance between helping the poor and, at the same time, giving people the incentive to work.

Eric Maskin Quotes