Robert Shiller on Human Traits Essential to Capitalism | FiveBooks | The Browser:
"I think that our economic system reflects our understanding of humankind, and that understanding has been developing, with especial rapidity lately. You have to understand people first before you can understand how to devise an economic system for them. And I think our understanding of people has been accelerating over the last century, or even half-century.
HT to Investmentpostcards.