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" "[F]ree markets, being a human invention, often become dysfunctional; they do not deserve our blind faith.
(born 28 December 1944) is an American economic historian of Hungarian descent and former holder of the chair of economic history at the University of Munich.
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[A] kinder and more just economic system is... one that is embedded in a truly democratic society that not only empowers people but enables them to live their daily lives with less uncertainty, less manipulation, less taking advantage of... weaknesses, and less fear that their lives could collapse like a house of cards. This capitalism... envisions... zero unemployment, zero inflation, zero trade deficits, and zero government deficit over the business cycle.
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