So what's the moral? We've seen how the insistence on models that meet the standards of rigor in mainstream economics can lead to neglect of clearly valuable ideas. Does this mean that the whole emphasis on models is wrong? Should we make a major effort to open up economics, to relax our standards about what constitutes an acceptable argument? No-the moral of my tale is nowhere near that easy. Economists can often be remarkably obtuse, failing to see things that are right in front of them. But sometimes a bit of obtuseness is not entirely a bad thing.
Paul KrugmanRelated topics
argument bad bit easy economics effort emphasis front insistence lead mean meet near neglect nowhere obtuseness open right rigor see seen should tale thing valuable wrong things mainstreamRelated quotes
By being a racing driver you are under risk all the time. By being a racing driver means you are racing with other people. And if you no longer go for a gap that exists, you are no longer a racing driver because we are competing, we are competing to win. And the main motivation to all of us is to compete for victory, it's not to come 3rd, 4th, 5th or 6th. I race to win as long as I feel it's possible. Sometimes you get it wrong? Sure, it's impossible to get it right all the time. But I race designed to win, as long as I feel I'm doing it right.
Ayrton Senna
My aim is to understand love. I know how alive I felt when I was in love, and I know that everything I have now, however interesting it might seem, doesn't really excited me.
But love is a terrible thing: I've seen my girlfriends suffer and I don't want the same thing to happen to me. ... Although my aim is to understand love, and although I suffer to think of people to whom I gave my heart, I see that those who touched my heart failed to arouse my body, and that those who aroused my body failed to touch my heart.
Paulo Coelho
Where do people get off saying the Beatles should give $200,000,000 to South America? You know, America has poured billions into places like that. It doesn't mean a damn thing. After they've eaten that meal, then what? It lasts for only a day. After the $200,000,000 is gone, then what? It goes round and round in circles. You can pour money in forever. After Peru, then Harlem, then Britain. There is no one concert. We would have to dedicate the rest of our lives to one world concert tour, and I'm not ready for it. Not in this lifetime, anyway.
John Lennon
I confidently trust that the American people will prove themselves ... too wise not to detect the false pride or the dangerous ambitions or the selfish schemes which so often hide themselves under that deceptive cry of mock patriotism: "Our country, right or wrong!" They will not fail to recognize that our dignity, our free institutions and the peace and welfare of this and coming generations of Americans will be secure only as we cling to the watchword of true patriotism: "Our country - when right to be kept right; when wrong to be put right."
Carl Schurz
I HAVE no patience with the hypothesis occasionally expressed, and often implied, especially in tales written to teach children to be good, that babies are born pretty much alike, and that the sole agencies in creating differences between boy and boy, and man and man, are steady application and moral effort. It is in the most unqualified manner that I object to pretensions of natural equality. The experiences of the nursery, the school, the University, and of professional careers, are a chain of proofs to the contrary.
Francis Galton