Goods move in response to price differences from points of low to points of higher price, the movement tending to obliterate the price difference and come to rest.
An individual, in promoting his own interest, may injure the public interest; a nation, in promoting the general welfare, may check the interest of a part of its members.
I'll skate on concrete if I have to. I'm not worried about how fast the ice is. I'm worried about how fast I can go on the ice.
I've learned what it truly means to be Canadian and in turn I've been inspired to make a difference in the world, however small it's been.
Somebody once asked me how I found Peter Jackson, and I said: 'Well, I parted his hair, and there he was.'
I think everyone is introduced to the Peter Pan story when they're very young. Everyone has read the book and watched the Disney film and all that.
Raising the minimum wage, as President Obama proposed in his State of the Union address, tends to be more popular with the general public than with economists.
A natural way that an economist approaches a problem is to say, here's where I think the economy is going; this is what we need to deal with the problem.
Honest talk about the deficit is risky. Voters are more enthusiastic about the abstract notion of deficit reduction than about the painful details of accomplishing it.
We're committed to working with Congress to doing what the president said he was always going to do, which is cut the deficit in half over the - over his first term.
Peter's destiny lay along a different path from John's. And your calling is unlike anyone else's. But the call remains the same: "Follow Me!
A well-spun tale can transport listeners away from their humdrum lives and return them with an enlarged sense of the world. (Peter Nimble)
It was not until I got my first job, at the University of Washington in Seattle, and began playing chess with Don Gordon, a brilliant young theorist, that I learned economic theory.
I continue to be a photographer; I have enjoyed fishing and hunting with a close friend; and have owned two ranches, first in northern California and then in the state of Washington.
When goods are digital, they can be replicated with perfect quality at nearly zero cost, and they can be delivered almost instantaneously. Welcome to the economics of abundance.
We're rapidly entering a world where everything can be monitored and measured. But the big problem is going to be the ability of humans to use, analyze and make sense of the data.
Paternalism is everywhere in our lives. We have to immunise our children unless we are upset about it. In India, it is the opposite. It is possible to get your kids immunised, but you really have to want to.
Thus the races, though alike in their physical response to climate, may possibly be different in their mental response because they have approached America by different paths.
For the source of any characteristic so widespread and uniform as this adaptation to environment we must go back to the very beginning of the human race.
Today, no less than in the past, the tetrahedral form of the earth and the relation of the tetrahedron to the poles and to the equator preserve the conditions that favor rapid evolution.
Then going out on the ice usually about 15 minutes before and certain things I would do for the different races, aspects that you run through your mind.
