A Quote by Edmund Phelps

In countries operating a largely capitalist system, there does not appear to be a wide understanding among its actors and overseers of either its advantages or its hazards.
I have developed a Zen-like approach to the operating systems that people use: 'When you're ready, the right operating system will appear in your life.
I have developed a Zen-like approach to the operating systems that people use: 'When you're ready, the right operating system will appear in your life.'
Capitalism is very far from a perfect system, but so far we have yet to find anything that clearly does a better job of meeting human needs than a regulated capitalist economy coupled with a welfare and health care system that meets the basic needs of those who do not thrive in the capitalist economy. If we ever do find a better system, I'll be happy to call myself an anti-capitalist.
The German health care system is unique in its attempt to combine competition among sickness funds on the one hand and a universal coverage plan on the other hand. Most health care systems are either one or the other, so you either have private insurance and competition but not everyone is covered for everything, or you have a single-payer system. So the ideal types are like the American system on the one hand or the Scandinavian or U.K. systems on the other end. Germany tries to combine the advantages.
The capitalist system of coordination by trade seems to be largely populated by indigestible lumps of socialism called corporations
There are hazards in everything one does, but there are greater hazards in doing nothing.
There are hazards in anything one does but there are greater hazards in doing nothing.
The degeneration of the revolution in Russia does not pass from the revolution for communism to the revolution for a developed kind of capitalism, but to a pure capitalist revo­lution. It runs in parallel with world-wide capitalist domination which, by successive steps, eliminates old feudal and Asiatic forms in various zones. While the historical situation in the seventeenth, eighteenth and nineteenth centuries caused the capitalist revolution to take liberal forms, in the twentieth century it must have totalitarian and bureaucratic ones.
The United States is unique among the rich countries, developed countries, in not having some kind of a national health-care system.
Harvard is a wondrously tolerant climate for debate and exchange among a wide variety of thoughts, backgrounds, and beliefs, but the voice of religion on campus is largely inaudible.
My first operating system project was to build a real-time system called RSX-11M that ran on Digital's PDP-11 16-bit series of minicomputers. ... a multitasking operating system that would run in 32 KB of memory with a hierarchical file system, application swapping, real-time scheduling, and a set of development utilities. The operating system and utilities were to run on the entire line of PDP-11 platforms, from the very small systems up through the PDP-11/70 which had memory-mapping hardware and supported up to 4 MB of memory.
Appearances to the mind are of four kinds. Things either are what they appear to be; or they neither are, nor appear to be; or they are, and do not appear to be; or they are not, and yet appear to be. Rightly to aim in all these cases is the wise man's task.
The iPad - contrary to the way most people thought about it - is not a tablet computer running the Apple operating system. It's more like a very big iPhone, running the iPhone operating system.
It became clear to me by 1984 that Microsoft was likely going to be the big winner in the PC software apps and operating system category, partly because of the dynamics of owning and controlling the operating system: that gave you enormous power, and I came to see Bill Gates was fierce competitor.
Who are the oppressors? The few: the King, the capitalist, and a handful of other overseers and superintendents. Who are the oppressed? The many: the nations of the earth; the valuable personages; the workers; they that make the bread that the soft-handed and idle eat.
Reality does appear to exist, there does appear to be birth, youth, people appear to have children. But all of it's a dream. These are isolated moments that are only connected by perception. There is no separation.
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