Indeed, one virtue of democracy is its ability to dampen violent tendencies.

The paradox of capitalism is that it converts avarice, greed, and envy into virtues.

In extolling the virtues of this successful regional effort, the solid external assistance it has received should be mentioned.

Economists teach the virtues of open trade because it benefits us not because it benefits others.

While the world was disintegrating into fascism, violence, and war, the Mahatma taught the virtues of truth, non violence, and peace.

On the other hand, it crowds out virtues that have no economic utility, like heroism, honor, generosity, and pity.

For these reasons, the virtues of transactional leaders with good contextual intelligence are very important.

Officially, America still talks about the virtues of a strong dollar, but lowering interest rates weakens the exchange rate.

Certain of the virtues of dialogue, my country welcomed the decision of the Secretary General of the United Nations to establish a high level working group on the alliance of civilizations.

But North Korea s decision nonetheless demonstrated the virtues and efficacy of diplomacy, which brings us once again to the case of Iran.

In assessing America s strength, China follows US debates on the merits of a uni polar or a multi polar world with keen interest.

But one would never know that from listening, for example, to Germany s finance minister, Wolfgang Schäuble, extolling his country s virtues.

Subconsciously, citizens expect their leaders to display the ancient leadership virtues of disinterestedness, courage, and devotion to service.

Histories of science were originally written by practicing and retired scientists, starting primarily with William Whewell, as a way to communicate the virtues of science to the public.

From the near consensus on the virtues of a finance centric model of the world, the economics profession has moved to a near total absence of consensus on what ought to be done.

By contrast, Germany s far right National Democratic Party has demonstrated nostalgia for East German virtues, calling the defunct German Democratic Republic a better Germany than the Federal Republic.

But what most characterizes Latin America s experience is that, despite publicly preaching the virtues of a floating rate, the authorities actively intervene in currency markets, this time in different and creative ways.

Yet some Chinese have recently discovered the virtues of the Nordic social model, and Chinese delegations have been coming to Oslo regularly to see what lessons they can bring home.

The female historian Ban Zhao wrote the Lessons for Women in the Han Dynasty and outlined the four virtues women must abide to, while scholars such as Zhu Xi and Cheng Yi would expand upon this.

There are strong historical grounds for believing that waging aggressive war has simply run its course as an instrument of state policy. Having exhausted most of the alternatives over the years, national leaders have begun to internalize the virtues of cooperation.

The implication was that the integration of Muslims in Indian society constituted a success story. Muslims, Singh implied, also benefit from the virtues of democracy, a conclusion that Bush happily repeated.

By contrast, the Fed doesn t have to recognize the loss while free market advocates might talk about the virtues of market pricing and price discovery, the Fed can pretend that nothing has happened.

Cynicism and schadenfreude may also be playing a role. Raja Mohan, a prominent Indian strategist, notes that Europe has never ceased to lecture Asia on the virtues of regionalism, but now seems unable to cope with its own regional security challenges.

There are strong historical grounds for believing that waging aggressive war has simply run its course as an instrument of state policy. Having exhausted most of the alternatives over the years, national leaders have begun to internalize the virtues of cooperation.

One does not naturally associate China with the quest for compassion. Yet some Chinese have recently discovered the virtues of the Nordic social model, and Chinese delegations have been coming to Oslo regularly to see what lessons they can bring home.

No private party would buy such an asset. By contrast, the Fed doesn t have to recognize the loss while free market advocates might talk about the virtues of market pricing and price discovery, the Fed can pretend that nothing has happened.

But what most characterizes Latin America s experience is that, despite publicly preaching the virtues of a floating rate, the authorities actively intervene in currency markets, this time in different and creative ways. Thus, the exchange rate regime in Latin America today is one of actively managed floating.