The view that now pervades much public policy economics implicitly presents the relevant choice as between an ideal norm and an existing "imperfect" institutional arrangement. This nirvana approach differs considerably from a comparative institution approach in which the relevant choice is between alternative real institutional arrangements.
Harold DemsetzRelated topics
alternative approach arrangement choice comparative economics imperfect institution nirvana norm now public real view presentsRelated quotes
Science has taught... me to be careful how I adopt a view which jumps with my preconceptions, and to require stronger evidence for such belief than for one to which I was previously hostile. My business is to teach my aspirations to conform themselves to fact, not to try and make facts harmonise with my aspirations.
Thomas Henry Huxley
There are some things which cannot be learned quickly, and time, which is all we have, must be paid heavily for their acquiring. They are the very simplest things and, because it takes a man's life to know them, the little new that each man gets from life is very costly and the only heritage he has to leave.
Ernest Hemingway
Up against the corporate government, voters find themselves asked to choose between look-alike candidates from two parties vying to see who takes the marching orders from their campaign paymasters and their future employers. The money of vested interest nullifies genuine voter choice and trust.
Ralph Nader
My poor soul! Sigh, pray and strive to take upon you the blessed yoke of Christ, and you will live on earth in a heavenly manner. Lord, grant that I may carry the light and goodly yoke, and I shall be always at rest, peaceful, glad and joyous; and I shall taste on earth of crumbs which fall from the celestial feast, like a dog that feeds upon the crumbs which fall from the master's table.
Tikhon of Zadonsk
Whoever wants to approach prayer without a guide, and proudly thinks that he can learn from books, and won't go to an elder, is already halfway into delusion. But the Lord helps the humble, and if there is no experienced guide, and he goes to a confessor, whoever he may be, then the Lord will cover him because of his humility.
Silouan the Athonite