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• 9 years - 105 posts - Latest - RSS
• Thread: 2329 Goods vs 368 No Goods

1. Economist
   029e
   

   "In some quarters of our profession, the level of discussion has sunk to the level of a New Yorker article: coffee-table articles about "cute" topics, papers using "clever" instruments".

   - James Heckman

   "All great economists are tall. There are two exceptions: John Kenneth Galbraith and Milton Friedman".

   - George Stigler

   "Why do I have to read this? The paper contributes nothing - not even an
   opinion or belief - on any of the substantive questions of macroeconomics".

   - Robert Lucas "Comment on Ball and Mankiw"

   9 years ago # QUOTE 101 Volod 3 Vlad !

2. Economist
   72d6
   

   I am always right because I have a higher level of conscience. That is also why I get to write for the New York Times. That is also how everyone thinks I have a higher level of conscience. Now even I am convinced.

   - Paul Krugman

   9 years ago # QUOTE 5 Volod 63 Vlad !

3. Economist
   82a1
   

   http://www.youtube.com/watch?v=FTsNEUZx8v8

   9 years ago # QUOTE 31 Volod 1 Vlad !

4. Economist
   029e
   

   "Everything reminds Milton Friedman of the money supply. Everything reminds me of sex, but I try to keep it out of my papers".

   - Robert Solow

   9 years ago # QUOTE 124 Volod 3 Vlad !

5. Economist
   efa4
   

   "Practical men who believe themselves to be exempt from intellectual influences are usually the slaves of some defunct economist..."

   John Maynard Keynes

   9 years ago # QUOTE 90 Volod 2 Vlad !

6. Economist
   8c05
   

   "Why do economists write books? I always thought that they did it in order either to say something new, or to communicate old ideas from a new perspective. But I was probably wrong, since Robert Hebert and Albert Link do neither."

   Reuven Brenner

   9 years ago # QUOTE 20 Volod 1 Vlad !

7. Economist
   ba67
   

   The "grim trigger" defense to blackmail. That's a new one. Don't know if the Supreme Court has ruled on that one yet.

   615a

   9 years ago # QUOTE 25 Volod 2 Vlad !

8. Economist
   0f8b
   

   "The book, as it stands, seems to me to be one of the most frightful muddles I have ever read, with scarcely a sound proposition in it beginning with page 45, and yet it remains a book of some interest, which is likely to leave its mark on the mind of the reader. It is an extraordinary example of how, starting with a mistake, a remorseless logician can end up in bedlam…"
   --Keynes, writing on Hayek's Prices and Production

   9 years ago # QUOTE 58 Volod 7 Vlad !

9. Economist
   e881
   

   The "grim trigger" defense to blackmail. That's a new one. Don't know if the Supreme Court has ruled on that one yet.
   615a

   That was me, in the Tat thread! (true) I'm so touched, thank you! *sniff*

   9 years ago # QUOTE 22 Volod 0 Vlad !

10. Economist
    5f4e
    

    Economists and put downs? What is the irony here?

    9 years ago # QUOTE 0 Volod 2 Vlad !

11. Economist
    5f4e
    

    "How much do you make again?" Finance bro.

    9 years ago # QUOTE 74 Volod 5 Vlad !

12. Economist
    c109
    

    More Keynes being supremely bitchy in an EconTalk interview with Ronald Coase:

    Russ Roberts: “And how about Keynes? Did you know Keynes?”

    Coase: “I can tell you– I was helping when Britain was trying to get a loan from the United States immediately after the war, and I was talking to one of Keynes’s assistants. And Keynes came in the room and walked over to us and the man I was talking to us said, ‘This is Coase, who is helping us with the statistics. I don’t think you know him.’ And Keynes said, ‘No, I don’t.’ And walked off. And that’s my life with Keynes.

    9 years ago # QUOTE 106 Volod 1 Vlad !

13. Economist
    0f8b
    

    The entirety of AJR's original response to Albouy. Every reference to Albouy or his comment is caustic.

    9 years ago # QUOTE 15 Volod 7 Vlad !

14. Economist
    48d2
    

    More of Keynes (on Marx's Capital):

    How can I accept a doctrine which sets up as its bible, above and beyond criticism, an obsolete text-book which I know to be not only scientifically erroneous but without interest or application for the modern world? How can I adopt a creed which, preferring the mud to the fish, exalts the boorish proletariat above bourgeois and the intelligentsia who, whatever their faults, are the quality in life and surely carry the seeds of all human advancement? Even if we need a religion, how can we find it in the turbid rubbish of the red bookshop? It is hard for an educated, decent, intelligent son of Western Europe to find his ideals here, unless he has first suffered some strange and horrid process of conversion which has changed all his values.

    9 years ago # QUOTE 71 Volod 0 Vlad !

15. Economist
    3fa9
    

    No Larry Summers?

    9 years ago # QUOTE 3 Volod 2 Vlad !

16. Economist
    ecaf
    

    Damn, Keynes would be a fantastic EJMR troll if he were still alive.

    9 years ago # QUOTE 123 Volod 0 Vlad !

17. Economist
    629c
    

    "He is a very humble man, but he has much to be humble about." - Stigler

    9 years ago # QUOTE 73 Volod 6 Vlad !

18. Economist
    fd56
    

    "why should I suffer the indignity without the emollument" Keynes instructing a film maker not to caption him professor

    9 years ago # QUOTE 12 Volod 0 Vlad !

19. Economist
    3e4b
    

    Back in '08 the sociologists and humanitards at Chicago threw a hissy fit when they found out the University was planning on creating the Milton Friedman Institute. After crying and losing hoap, they raged hard and put together a laughably pathetic protest letter, found here:

    http://faculty.chicagobooth.edu/john.cochrane/research/papers/friedman_letter.htm

    In response, Cochrane wrote what is one of the best pieces of polemic I have ever read. He literally tears the humanitards a new arsehole. I would like to choose a single quote from it, but you really need to read it in its entirely to get the full effect of the absolution manhandling he gives the humanitards:

    http://faculty.chicagobooth.edu/john.cochrane/research/papers/friedman_letter_comments.htm

    9 years ago # QUOTE 85 Volod 7 Vlad !

20. Economist
    bff7
    

    ^ the Cochrane letter is awesome

    9 years ago # QUOTE 27 Volod 3 Vlad !

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