Colander: What's your view of the New Keynesian approach? Tobin: I'm not sure what that means. If it means people like Greg Mankiw, I don't regard them as Keynesians. I don't think they have involuntary unemployment or absence of market clearing. It is a misnomer to call Mankiw any form of Keynesian. Colander: How about real-business-cycle theorists? Tobin: Well, that's just the enemy.
David ColanderRelated topics
absence approach call clearing enemy form market misnomer sure view well means KeynesianRelated quotes
In the form of the oeuvre, the actual circumstances are placed in another dimension where the given reality shows itself as that which it is. Thus it tells the truth about itself; its language ceases to be that of deception, ignorance, and submission. Fiction calls the facts by their name and their reign collapses; fiction subverts everyday experience and shows it to be mutilated and false.
Herbert Marcuse
With all humility, I think, 'Whatsoever thy hand findeth to do, do it with thy might.' Infinitely more important than the vain attempt to love one's neighbor as one's self. If you want to hit a bird on the wing, you must have all your will in focus, you must not be thinking about yourself, and equally, you must not be thinking about your neighbor you must be living in your eye on that bird. Every achievement is a bird on the wing.
Oliver Wendell Holmes Jr.
While standing on top of Everest, I looked across the valley, towards the other great peak, Makalu, and mentally worked out a route about how it could be climbed... it showed me that, even though I was standing on top of the world, it wasn't the end of everything for me, by any means. I was still looking beyond to other interesting challenges.
Edmund Hillary
I am sure that never was a people, who had more reason to acknowledge a Divine interposition in their affairs, than those of the United States and I should be pained to believe that they have forgotten that agency, which was so often manifested during our Revolution, or that they failed to consider the omnipotence of that God who is alone able to protect them.
George Washington
Intelligence makes clear to us the interrelationship of means and ends. But mere thinking cannot give us a sense of the ultimate and fundamental ends. To make clear these fundamental ends and valuations and to set them fast in the emotional life of the individual, seems to me precisely the most important function which religion has to form in the social life of man.
Albert Einstein