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It's quite astonishing how much money people make in the hedge fund business and in the private equity field, and how well-off affluent families really are.

Kenneth Rogoff

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Kenneth Rogoff
Age: 71
Born: 1953
Born: March 22
Chess Player
Economist
Professor
University Teacher
Rochester
New York
Kenneth Saul Rogoff
Business
Equity
Money
Astonishing
Wells
Fund
Well
Families
Much
Field
Really
Private
Make
Fields
Hedge
People
Quite
Affluent

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Workers are not being exploited. But if their share of growth doesn't increase, this could be a potential cause of social tension worldwide.
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The assertion that everyone benefits simultaneously from free trade is simply incorrect.
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The Indians and Chinese have become brilliant chess professionals. They get on a plane and play all over the world. This has led to dramatic pressure on incomes. Nowadays, the best chess player in Argentina can no longer make a living playing chess.
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There has been a noticeable decline in the labor factor in all wealthy countries in the past 20 years. The rich are getting richer, but those at the lower end aren't moving ahead as quickly as the capitalists.
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Russia exists in the context of open global economy and is a part of it
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Russia depends on natural resources way too much. Russian economy is not diversified enough
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Why are oil prices so low? First, energy consumption growth rates in developing markets have decreased. This is particularly noticeable in China. Second, new technologies are being developed and the shale gas revolution in the USA has taken place
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... far more people make a living as professional chess players today than ever before. Thanks partly to the availability of computer programs and online matches, there has been a mini-boom in chess interest among young people in many countries.
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Unbridled capitalism will lead to some very real problems.
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Today, chess programs have become so good that even grandmasters sometimes struggle to understand the logic behind some of their moves.
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The problem - at least in the United States - is not that people can't find jobs. The problem is that they're no longer finding jobs that provide them with dignity and decent social status.
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I think that a lot of the money - these big bills - is used to facilitate tax evasion and crime.
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It is vital for Russia to normalize relations with the rest of the world. You shouldn't isolate your economy
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I don't think it's time yet to eliminate cash, but I propose having a less-cash society, not a cashless one.
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