First I believe that this Nation should commit itself to achieving the goal, before this decade is out, of landing a man on the Moon.
Economics spreads happiness.
Success Comes Through Rapidly Fixing our Mistakes Rather than Getting Things Right the First Time.
I see the God complex around me all the time in my fellow economists. I see it in our business leaders. I see it in the politicians we vote for - people who, in the face of an incredibly complicated world, are nevertheless absolutely convinced that they understand the way that the world works.
There's nothing wrong with a plan, but remember Von Moltke's famous dictum that no plan survives first contact with the enemy. The danger is a plan that seduces us into thinking failure is impossible and adaptation is unnecessary - a kind of ‘Titanic' plan, unsinkable (until it hits the iceberg).
British politicians used to be good at misleading people without actually lying.
Synthetic Worlds is a surprisingly profound book about the social, political, and economic issues arising from the emergence of vast multiplayer games on the Internet. What Castronova has realized is that these games, where players contribute considerable labor in exchange for things they value, are not merely like real economies, they are real economies, displaying inflation, fraud, Chinese sweatshops, and some surprising in-game innovations.
I wear glasses because I don't want something tugging my eyeball, but I wouldn't consider myself a "nerd. " I don't know what really makes someone a nerd.
There are sufficient resources on this planet to answer the needs of all, but not enough to satisfy everyone's greed.
You will never solve the American problems just by printing money.
Because prison sentences in America tend to be long, de-incarceration lags falling crime rates by a fair amount, but eventually it does catch up.