My job was to teach the whole corpus of economic theory, but there were two subjects in which I was especially interested, namely, the economics of mass unemployment and international economics.
But my shift to the serious study of economics gradually weakened my belief in Major Douglas's A+B theorem, which was replaced in my thought by the expression MV = PT.
Your most important task as a leader is to teach people how to think and ask the right questions so that the world doesn't go to hell if you take a day off.
The 10 largest antitrust law firms in the United States have gone into the federal courts charging Monsanto with creating a global conspiracy in violation of the antitrust laws, to control the global market in seeds.
A refuge is supposed to prevent what? The genes from flowing out of sight? This refuge idea won't stop insects from moving across boundaries. That's absurd.
I know quite a few farmers all over the United States who have tried this and have said the opposite, that they have to use more herbicides, not less. The same holds true with BT.
Europe will not accept genetically modified foods. It doesn't make any difference in the final analysis what Brussels does, what Washington does, or what the World Trade Organization does.
The basic idea was that if a country would put its economy as an integrated piece of the world system, that it would benefit from that with economic growth. I concur with that basic view.
We were proposing, in a sense, that the rest of the world be made safe for American ideas, as they adopted intellectual property rights that gave patent protection to our very innovative economy.
The idea that UN commitments should be followed by action is indeed a radical one, especially for the United States, where wilful neglect of its own commitments is the rule.
Certainly, the poverty, the discrimination, the episodic unemployment could not but strike an inquiring youngster: why did these exist, and what could we do about them.
In debate, one randomly was assigned to one side or the other. This had at least one virtue - it made one see that there was more than one side to these complex issues.
I was born in Champaign in 1918. From the neighborhood elementary and intermediate schools, I went to the University High School in the twin city, Urbana.
I make friends easily. I'm a gregarious guy, I'm open, I'm easy to get to know - I don't lock myself in an ivory tower. So I like people; I enjoy people.
So I placed my heart under lock and key To take some time, and take care of me But I turn around and you're standing here
Hit songs are mysterious and slippery beasts; few artists have a lock on them. This means that many people, like me, have become fans of songs rather than fans of artists.
In response to the drop in wealth suffered as a consequence of the 2008 financial crisis, homeowners and firms did attempt to increase savings in financial assets by reducing expenditure on durables.
The world is constantly in a race to the top, in terms of there's a limited amount of capital and you've got to figure where it's going. And if your currency is weakening, that means you're paying a load.
One or two of the trips were a bit scary. Soldiers had me at gun point on one trip, locked me in my van all night and escorted me in and out of buildings when I wanted to wash.
The separate water foundations, park benches, bathrooms and restaurants of the Jim Crow South startled me. These experiences motivated my lifelong study of the status of African Americans and the sources of improvement in that status.
What you and I understand as a government doesn't exist in many African countries. In fact, what we call our governments are vampire states. Vampires because they suck the economic vitality out of their people. Government is the problem in Africa.
