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Stressing output is the key to improving productivity, while looking to increase activity can result in just the opposite.
Stressing output is the key to improving productivity, while looking to increase activity can result in just the opposite.
Budgets are for cutting, that's why you set them.
Budgets are for cutting, that's why you set them.
It is time that financial types developed a greater tolerance for imprecision, because that’s the way the world is.
It is time that financial types developed a greater tolerance for imprecision, because that’s the way the world is.
Business, that's easily defined; it's other people's money.
Business, that's easily defined; it's other people's money.
Ask five economists and you'll get five different answers (six if one went to Harvard).
Ask five economists and you'll get five different answers (six if one went to Harvard).
The increase in the world's population represents our victory against death...
The increase in the world's population represents our victory against death...
We may not be able to offer long-term employment, but we should try to offer long-term employability.
We may not be able to offer long-term employment, but we should try to offer long-term employability.
The market is a place set apart where men may deceive each other.
The market is a place set apart where men may deceive each other.
Perhaps the most widespread misunderstanding of economics is that it applies solely to financial transactions. Frequently this leads to statements read more
Perhaps the most widespread misunderstanding of economics is that it applies solely to financial transactions. Frequently this leads to statements that "there are noneconomic values" to consider. There are, of course, noneconomic values. Indeed, there are only noneconomic values. Economics is not a value itself but merely a method of trading off one value against another.
