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 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.
The thing I don't understand is why so often one hears discussion of the fruits of human labor as if it's all the creation of some alien race.
Mostly, I was only interested in television as a kid, and the majority of reading material I collected was an adjunct to that central concern, comic books and magazines included.
When I was a kid, I liked books that just seemed so dense you could lose yourself in them for a whole afternoon. They were like their own whole world.
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.
As soon as I got up on that stage, and I remembered how welcoming and warming the judges, their presence is, and it was just all uphill from there.
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.
The richest persons in Africa are heads of state, governors and ministers. So every 'educated' African who wants to be rich - and there is nothing wrong with wanting to be rich - heads straight into government or politics.
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.
I am just a normal human being - I am alive! Why is anyone surprised that I am human? Like many New Yorkers, I have a multifaceted life.
Kevin Lomax: What about love? John Milton: Overrated. Biochemically no different than eating large quantities of chocolate.
John Milton: Who, in their right mind Kevin, could possibly deny the twentieth century was entirely mine.
Kevin Lomax: In the Bible you lose. We're destined to lose dad. John Milton: Well consider the source son.
John Milton: Law is the ultimate backstage pass. There are now more students in law schools than lawyers walking the streets.
John Milton: Now with this? Now that you're down? I'd get ready for one of those, Class-A, New York-style pigfucks.
