A modern economy is marked by the feasibility of endogenous change: Modernization brings myriad arrangements from expanded property rights to company law and financial institutions.

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

In a world of increasing inequality, the legitimacy of institutions that give precedence to the property rights of 'the Haves' over the human rights of 'the Have Nots' is inevitably called into serious question.

I am a strong believer that intellectual property rights need to be protected.

The dichotomy between personal liberties and property rights is a false one. Property does not have rights. People have rights.

If China wants to be a constructive, active player in the world economy, it's got to respect intellectual property rights or it makes it pretty impossible to do business with them.