A Quote by Edward C. Prescott

A lot of technological capital has to be absorbed person-to-person, and that happens more quickly if countries are economically integrated. — © Edward C. Prescott
A lot of technological capital has to be absorbed person-to-person, and that happens more quickly if countries are economically integrated.
I've been studying how quickly we can get energy out to the poor countries - a lot of which are in Africa - and how little progress we've made there. There's no more electricity today in sub-Saharan Africa per person than there was 20 years ago.
Any Black person in amerika [sic], if they are being honest with themselves, have got to come to the conclusion that they don't know what it feels like to be free. We aren't free politically, economically, or socially. We have very little power over what happens in our lives. In fact, a Black person isn't free to walk down the street. Walk down the wrong street, in the wrong neighborhood at night, and you know what happens.
With movies, they have a certain person or style that they're looking for. It's not that they don't like you, but maybe you're not the person that's right for their movie. That happens a lot.
The creative person is both more primitive and more cultivated, more destructive, a lot madder and a lot saner, than the average person.
Capital punishment? It makes no sense as a policy: It's not a deterrent, and economically it's a disaster. It's very clear that there are innocent people on death row. And if I put an innocent person to death, that's murder.
Depressives have led countries, won wars, flown rockets to the moon, made great music. Don't let depression stop you employing someone, and never let it cause you to judge them. Depression is not a person. Like any other illness, it is something that happens to a person. It shouldn't define them.
I think my strength is to act instinctively, really quickly, on what I believe, what I see in this person. A proper portrait. I wouldn't dream of doing something inappropriate for that person. I guess I make the person comfortable around me.
I can tell you what happens to countries that go bankrupt. I've been to Argentina. I'm familiar with the history of Mexico and Great Britain. We'll see the same things here shortly: inflation, huge tax increases, capital flight and, eventually, capital controls.
In Los Angeles, the jury in the Reginald Denny Beating trial, after much thinking, concludes, that Person A is not necessarily trying to kill Person B just because Person A happens to very deliberately bash Person B's skull in with a brick. The verdict is applauded by scientists at the Tobacco Institute.
Often, when cheating happens, we rush to place blame solely on one person - either the person who did the cheating, or more insidiously, if it happened to us, we blame ourselves for not being 'good enough' to keep them around. But putting it all on one person doesn't paint the entire picture.
Britain is economically very closely integrated with its European partner countries. Were these ties to be cut, it would be a huge step backwards for the country and would weaken it considerably. In the era of globalisation, "splendid isolation" is not a smart option.
We're an elective democracy where science and technology will define where the economically strong countries in the world will be. And science and technological literacy is important for security, as well.
Opportunity beckons more surely when misfortune comes upon a person than it ever does when that person is riding the crest of a wave of success. It sharpens a person's wits, if that person will let it, enabling him or her to see more clearly and evaluate situations with a more knowledgeable judgment.
I tell my kids all the time, 'I want you to be a great athlete, I want you to be great academically, I want you to achieve a lot of things, but mostly I want you to be a great person. If none of the other stuff happens and you're a great person, then I'm okay with anything else that happens in your life - that's the highest standard.'
When men sit around and talk, they are very competitive. One person will tell an anecdote and the next person will try to top that. When you get six women together, they share a lot more. They will be far more interested in what the other person has to say. The conservation is more interactive and less about individually showing off.
A lot of life is about how you feel relating to dealing with this person or that person. If this person makes you feel good, then they're a person to be around; if they don't, they're not. Being in a band is different. The group is the more important part, and you have to kind of shift the way you look at life when you're in a group of people that you work with.
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