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One remembers different persons differently, some by the impact they have made on our emotions, and others by the impression they leave in our minds.

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Paul Ormerod

The reader might reflect that an awful lot of supposing has to take place in order for the quantity theory of money to be true.

Might, Order, Quantity, Supposing, Supposing That
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We need to abandon the economist's notion of the economy as a machine, with its attendant concept of equilibrium. A more helpful way of thinking about the economy is to imagine it as a living organism.

Concept, Helpful, Machines, Needs, Thinking, Way

I am often asked by would-be entrepreneurs seeking escape from life within huge corporate structures, ‘How do I build a small firm for myself?’ The answer seems obvious: Buy a very large one and just wait.

Answer, Entrepreneur, Entrepreneurs, Escape, Waiting, Would Be

The linear, mechanistic view of the world which pervades orthodox economics is simply not capable of capturing the richness and complexity of the rhythms and fluctuations of developed economies.

Developed, Economics, Fluctuations, Rhythms, Views, World

In most Western economies, the general relationship is not in fact between the rate of inflation and the level of unemployment, but between the rate of change of inflation and the rate of change of unemployment.

Change, Facts, General, Levels, Unemployment, Western

Books proliferate, and occasionally sell in very large numbers, which claim to have found the rule, or small set of rules, which will guarantee business success. But business is far too complicated, far too difficult an activity to distil into a few simple commands. . . It is failure rather than success which is the distinguishing feature of corporate life.

Book, Distil, Numbers, Occasionally, Set, Simple
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