Banks are run by executives, and executives protect themselves, and that does not always mean that banks are going to behave rationally.

If individuals are rational, there is no need to protect them against their own choices.

People talk of the new economy and of reinventing themselves in the workplace, and in that sense most of us are less secure.

There's a very good reason for why economics developed the way it did, and that is that in many situations, the assumption that people will exploit the opportunities available to them is very plausible, and it simplifies the analysis of how markets will behave.

All of us roughly know what memory is. I mean, memory is sort of the storage of the past. It's the storage of our personal experiences. It's a very big deal.

When people evaluate their life, they compare themselves to a standard of what a successful life is, and it turns out that standard tends to be universal: People in Togo and Denmark have the same idea of what a good life is, and a lot of that has to do with money and material prosperity.