In 1833, protection was abandoned, and a tariff was established by which it was provided that we should, in a few years, have a system of merely revenue duties.
From that date the abandonment of the older State proceeded with a rapidity never before known, and with it grew the domestic slave trade and the pro-slavery feeling.
I'm no genius, and others can outwork me. What I do is ask the naive, honest questions, and then I'm not satisfied until I get the answers.
We say we need to clean up the environment; to clean up the environment, we need to be richer. But maybe getting richer is actually making us poorer.
To spend this particular year reading essays to Dennis Robertson as one's supervisor, and, simultaneously, enjoying membership of the group round Keynes was indeed an intellectual treat.
My interest in economics has always been in the whole corpus of economic theory, the interrelationships between the various fields of theory and their relevance for the formulation of economic policy.
The countries of Europe are too small to guarantee their peoples the necessary prosperity and social development. The European states must constitute themselves into a federation.
When you have risk aversion in Japan, the normal day-to-day outflows that happen in a normal market environment slow down.
I would finally renounce my delusional hypotheses and revert to thinking of myself as a human of more conventional circumstances and return to mathematical research.
If you are an investor who's retired and hopes to live off the income that your portfolio is generating, then we would focus just on the dividend yield.
Industries that make goods and services that people have to buy, regardless of economic circumstances, are bound to do well whatever the economic conditions.
We believe that people moving their portfolios to an overweight in bonds will be disappointed over the long-term and will significantly underperform an asset allocation that over-weights equities.
Besides pride, loyalty, discipline, heart, and mind, confidence is the key to all the locks.
In my view, there is an urgent need to communicate with the public and help to explain where there is consensus, and where are there doubts about the issues of sustainable development.
The extra curricular activity in which I was most engaged - debating - helped shape my interests in public policy.
I, like many members of my generation, was concerned with segregation and the repeated violation of civil rights.
But individuals and firms spend an enormous amount of resources acquiring information, which affects their beliefs; and actions of others too affect their beliefs.
Oh! Polly thought. Why aren't all girls locked up by law the year they turn fifteen? They do such stupid things!
It's not coincidence that the U.S. is in last place in the world in terms of corporate tax rate. It's because our system is set up to block tax reform.
When you happy ,you get locked in sleep. You get sleepy happy. I always wanna be on point. I always wanna be aware.
Self-control, openness, the ability to engage with others, to plan and to persist - these are the attributes that get people in the door and on the job, and lead to productive lives.
