Narrow banks could restart effective intermediation and ensure that consumers and employment-creating small and medium-size enterprises are adequately financed and can contribute to the reactivation of the economy.

Most of the big banks were shot through with short-termism, deceptive practices and self-dealing. We must institute basic changes in corporate governance and in management practice to restore responsibility and honesty for the sake of the economy and for the self-respect of the country.

The need to encourage entrepreneurship and ensure that young people have the opportunity to start new businesses is acute.

I've lived to see key parts of my research absorbed in textbooks and in central banks around the world. And some finance ministries, too.

A nation's economy is more than its markets, tastes, technologies and property rights.

Unemployment determination in a modern economy was the main subject area of my research from the mid-1960s to the end of the 1970s and again from the mid-1980s to the early 1990s.