(In 1985, Jordan broke his foot and the management, namely Jerry Krause, wanted to limit his return for fear of worsening the injury - the idea was to play seven minutes in each half) The [Bulls] came up with this whole theory you can play seven minutes a game when I'm practicing two hours a day... I didn't agree with that math. I wanted to play. I wanted to make the playoffs. [...] Jerry [Reinsdorf] said, "Let me ask if you had a headache and" - there was a 10 percent chance then I'd reinjure my ankle - "and you've got 10 tablets and one of them is coated with cyanide, would you take it?" I looked at him and said, "How bad is the headache?" Jerry looked at me and said, "I guess that's a good answer, you can go back and play."
Michael JordanRelated topics
ankle answer ask bad broke came chance cyanide day fear foot game good half headache hours idea injury math play return seven take jerry worseningRelated quotes
In my view-and that of most contemporary economists, I believe-Schumpeter's most original and most lastingly significant book was Theory of Economic Development, which appeared in 1911 (and was translated into English in 1934). It was at the University of Czernowitz, not far from the beginning of his career as an economist, that he worked out his conception of the entrepreneur, the maker of "new combinations,” as the driving force and characteristic figure of the fits-and-starts evolution of the capitalist economy. He was explicit that, while technological innovation was in the long run the most important function of the entrepreneur, organizational innovation in governance, finance, and management was comparable in significance.
Robert Solow
These conditions are simply these: viz., first, that each man shall do, towards every other, all that justice requires him to do; as, for example, that he shall pay his debts, that he shall return borrowed or stolen property to its owner, and that he shall make reparation for any injury he may have done to the person or property of another.
The second condition is, that each man shall abstain from doing to another, anything which justice forbids him to do; as, for example, that he shall abstain from committing theft, robbery, arson, murder, or any other crime against the person or property of another.
So long as these conditions are fulfilled, men are at peace, and ought to remain at peace, with each other.
Lysander Spooner
Our strength is now reduced from nine thousand to between four and five thousand. All our heavy cannon on garrison carriages, and heavy and superfluous stores of every kind, are removed to the main, and to the north end of the Island, where we intend to intrench and attempt to hold it, and wait the chance of events. General Hancock is gone to Boston to forward the repairs of the fleet, and to prepare the mind of the Count for a speedy return. How far he will succeed, I cannot pretend to say. I think it a matter of some doubt yet, whether the enemy will reenforce, or take off this garrison. If they expect a superior fleet from Europe, they will reenforce; but, if not, they will remove the garrison.
Nathanael Greene
A second conspicuous landmark... is the enunciation of the fundamental law of radioactive disintegration by Rutherford and Soddy in 1903. This law was in no sense a consequence or development of Planck's theories; indeed fourteen years were to elapse before any connection was noticed between the two. The new law asserted that the atoms of radioactive substances broke up spontaneously, and not because of any particular conditions or special happenings. This seemed to involve an even more startling break with classical theory than the new laws of Planck; radioactive break-up appeared to be an effect without a cause, and suggested that the ultimate laws of nature were not even causal.
James Jeans
It's true that my initial training was in mathematics. However, almost by accident, I happened to take a course from Kenneth Arrow on "Information Economics,” which was so inspiring that I decided to change direction. It seemed to me that economics combined the best of both worlds: the rigor of mathematics with the immediate relevance of a social science. As for how much math I would recommend, I'd say that basic analysis, including measure theory, is certainly very useful. Also, linear algebra and stochastic processes always helps. But beyond that, I don't think a huge mathematical investment is necessary to do economic theory unless you are planning to work in an extremely technical area.
Eric Maskin