The stampede toward "rational expectations” - widely thought to be a "revolution,” though it was only a generalization of the neoclassical idea of equilibrium-derailed the expectations-driven model building that had just left the station. In the end, this way of modeling has not illuminated how the world economy works.
Edmund PhelpsRelated topics
building end generalization idea left model modeling revolution thought way works neoclassicalRelated quotes
A few profit – and the many pay. But there is a way to stop it. You can't end it by disarmament conferences. You can't eliminate it by peace parleys at Geneva. Well-meaning but impractical groups can't wipe it out by resolutions. It can be smashed effectively only by taking the profit out of war.
Smedley Butler
Collaboration is important not just because it's a better way to learn. The spirit of collaboration is penetrating every institution and all of our lives. So learning to collaborate is part of equipping yourself for effectiveness, problem solving, innovation and life-long learning in an ever-changing networked economy.
Don Tapscott
Everything in this life passes away - only God remains, only He is worth struggling towards. We have a choice: to follow the way of this world, of the society that surrounds us, and thereby find ourselves outside of God; or to choose the way of life, to choose God Who calls us and for Whom our heart is searching.
Seraphim Rose
It looks like the South Bronx is prepared to tell the billionaire class they cannot have it all. It looks like the South Bronx wants to create an economy that works for all of us, not just the 1%. What this campaign is about is creating a political revolution. All over this country I am seeing millions of people standing up, fighting back, saying, "enough is enough.”.
Bernie Sanders