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"In debate, one randomly was assigned to one side or the other. This had at least one virtue - it made one see that there was more than one side to these complex issues."
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"She had received ideas which disposed her to be courteous and kind to all, and to pity every one, as being less happy than herself."
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Personal Development
"To have mercy and truth requires love, good understanding and respect."
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Personal Development
"In the midst of vice we are in virtue, and vice versa."
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Personal Development
"Modesty, tis a virtue not often found among poets, for almost every one of them thinks himself the greatest in the world."
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Personal Development
"Virtue is like a rich stone, best plain set."
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Personal Development
"It is one of the superstitions of the human mind to have imagined that virginity could be a virtue."
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Personal Development
"Tyrants have always some slight shade of virtue; they support the laws before destroying them."
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Personal Development
"The superior man thinks always of virtue; the common man thinks of comfort."
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Personal Development
"No man can purchase his virtue too dear, for it is the only thing whose value must ever increase with the price it has cost us. Our integrity is never worth so much as when we have parted with our all to keep it."
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Personal Development
"Long-suffering is the greatest life survival virtue."
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"But individuals and firms spend an enormous amount of resources acquiring information, which affects their beliefs; and actions of others too affect their beliefs."
Action
"Amherst is a liberal arts college, committed to providing students with a broad education."
Education
"I, like many members of my generation, was concerned with segregation and the repeated violation of civil rights."
Justice
"I went to Amherst because my brother had gone there before me, and he went there because his guidance counselor thought that we would do better there than at a large university like Harvard."
Family
"My teachers helped guide and motivate me; but the responsibility of learning was left with me, an approach to learning which was later reinforced by my experiences at Amherst."
Learning
"I recognized that information was, in many respects, like a public good, and it was this insight that made it clear to me that it was unlikely that the private market would provide efficient resource allocations whenever information was endogenous."
Information
"If stability and efficiency required that there existed markets that extended infinitely far into the future - and these markets clearly did not exist - what assurance do we have of the stability and efficiency of the capitalist system?"
Economy
"Economists often like startling theorems, results which seem to run counter to conventional wisdom."
Wisdom
"But while I loved all of these courses, there was an irresistible attraction of economics."
Economy
"Much of my work in this period was concerned with exploring the logic of economic models, but also with attempting to reconcile the models with every day observation."
Work
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