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"Economists often like startling theorems, results which seem to run counter to conventional wisdom."
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"Honour pricks me on. Yea but how if honour prick me off when I come on? How then? Can honour set to a leg? No. Or an arm? No. Or take away the grief of a wound? No. Honour hath no skill in surgery then? No. What is honour? A word."
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Personal Development
"Knowledge, ideas, and wisdom are the most powerful forces that we can use to improve lives while bringing peace to this beautiful world."
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Personal Development
"As light nourishes plants, wisdom nourishes sages."
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Personal Development
"You are a product of your mind, a result of your thoughts, and a consequence of your actions."
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Personal Development
"Time is a precious gift."
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Personal Development
"Beautiful silence is better than ugly speech."
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Personal Development
"Unless you know where you are going then you will not know how to get there."
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Personal Development
"You either waste, spend or invest time. Make your choice wisely."
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Personal Development
"Knowledge is your treasure. How well you spend and invest it will define your wisdom."
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Personal Development
"Knowledge makes you powerful and proud wisdom makes you simple and humble."
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Personal Development
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"The extra curricular activity in which I was most engaged - debating - helped shape my interests in public policy."
Policy
"Amherst was pivotal in my broad intellectual development; MIT in my development as a professional economist."
Development
"I think in part the reason is that seeing an economy that is, in many ways, quite different from the one grows up in, helps crystallize issues: in one's own environment, one takes too much for granted, without asking why things are the way they are."
Economy
"Certainly, the poverty, the discrimination, the episodic unemployment could not but strike an inquiring youngster: why did these exist, and what could we do about them."
Sports
"There must have been something in the air of Gary that led one into economics: the first Nobel Prize winner, Paul Samuelson, was also from Gary, as were several other distinguished economists."
Influence
"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
"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."
Virtue
"Economists often like startling theorems, results which seem to run counter to conventional wisdom."
Wisdom
"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
"But while I loved all of these courses, there was an irresistible attraction of economics."
Economy
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