As the new endogenous growth theory suggests, TFP growth is closely related to accumulation of the intangible capitals, such as human capital and research and development.
In this context, the current recovery in the Japanese economy is taking place in tandem with the growing interdependence with the rest of the world, particularly with the other East Asian economies.
They emphasize the viewpoint that the protracted economic stagnation in Japan derives from incomplete economic adjustments to significant changes in relative prices.
Brands are in your face 24/7; I'm sure you've consumed a couple brands today. So it's fun working with them. People recognize brands, and people are starting to recognize my brand.
I've got to get my real skills up; like, I got to get my skills up, 'cause in case of a crazy catastrophe, I might have to learn how to swim.
When you're a new person and a new idea, you get invited to all these different things, and everybody wants a piece of you. And you want to be polite and say yes to everything, but it gets dangerous.
I will not allow a Delia Smith cookbook in my house! It's all so precise with Delia, and it makes cooking seem so inaccessible.
The United States could transform its property tax system into a progressive tax on net worth without asking permission to the rest of the world.
I think inequality is fine, as long as it is in the common interest. The problem is when it gets so extreme, when it becomes excessive.
There was a danger that skeptics and opponents would misread those likelihood ratio tests as rejections of an entire class of models, which of course they were not.
Mistakes can be corrected by those who pay attention to facts but dogmatism will not be corrected by those who are wedded to a vision.
Each new generation born is in effect an invasion of civilization by little barbarians, who must be civilized before it is too late.
Do countries with strong gun control laws have lower murder rates? Only if you cherry-pick the data.
Few professors would dare to publish research or teach a course debunking the claims made in various ethnic, gender, or other 'studies' courses.
The problem isn't that Johnny can't read. The problem isn't even that Johnny can't think. The problem is that Johnny doesn't know what thinking is; he confuses it with feeling.
Actually lowering the cost of insurance would be accomplished by such things as making it harder for lawyers to win frivolous lawsuits against insurance companies.
It is a way to take people's wealth from them without having to openly raise taxes. Inflation is the most universal tax of all.
All of us should be on guard against beliefs that flatter ourselves. At the very least, we should check such beliefs against facts.
Our schools and colleges are turning out people who cannot feel fulfilled unless they are telling other people what to do.
Facts do not speak for themselves. They speak for or against competing theories. Facts divorced from theories or visions are mere isolated curiosities.
A shortage is a sign that somebody is keeping the price artificially lower than it would be if supply and demand were allowed to operate freely.
