A Quote by Ha-Joon Chang

Very often, the judgments by ordinary citizens may be better than those by professional economists, being more rooted in reality and less narrowly focused. — © Ha-Joon Chang
Very often, the judgments by ordinary citizens may be better than those by professional economists, being more rooted in reality and less narrowly focused.
Is this not true--That in proportion to the value of their estates the extremely wealthy pay far less taxes than those of moderatemeans? Compare the amount paid by millionaires with the amount paid by ordinary citizens. I believe that in proportion to their estates they pay less than half as much as ordinary citizens, whereas they ought to pay more.
It is often sadly remarked that the bad economists present their errors to the public better than the good economists present their truths. It is often complained that demagogues can be more plausible in putting forward economic nonsense from the platform than the honest men who try to show what is wrong with it.
We may say with truth and meaning, that governments are more or less republican, as they have more or less of the element of popular election and control in their composition; and believing as I do, that the mass of the citizens is the safest depository of their own rights and especially that the evils flowing from the duperies of the people are less injurious than those from the egoism of their agents, I am a friend to that composition of government which has in it the most of this ingredient.
The difference between ordinary and extra-ordinary is so often just simply that little word - extra. And for me, I had always grown up with the belief that if someone succeeds it is because they are brilliant or talented or just better than me... and the more of these words I heard the smaller I always felt! But the truth is often very different... and for me to learn that ordinary me can achieve something extra-ordinary by giving that little bit extra, when everyone else gives up, meant the world to me and I really clung to it.
The real accomplishment of modern science and technology consists in taking ordinary men, informing them narrowly and deeply and then, through appropriate organization, arranging to have their knowledge combined with that of other specialized but equally ordinary men. This dispenses with the need for genius. The resulting performance, though less inspiring, is far more predictable.
The more invested I am in my own ideas about reality, the more those experiences will feel like victimizations rather than the ups and downs of relating. Actually, I believe that the less I conceptualize things that way, the more likely it is that people will want to stay by me, because they will not feel burdened, consciously or unconsciously, by my projections, judgments, entitlements, or unrealistic expectations.
Everyone tries to create a world he can live in, and what he can't use he often can't see. But the real world is already created, and if your fabrication doesn't correspond, then even if you feel noble and insist on there being something better than what people call reality, that better something needn't try to exceed what, in its actuality, since we know it so little, may be very surprising. If a happy state of things, surprising; if miserable or tragic, no worse than what we invent.
With all reserve we advance the view that a supernova represents the transition of an ordinary star into a neutron star consisting mainly of neutrons. Such a star may possess a very small radius and an extremely high density. As neutrons can be packed much more closely than ordinary nuclei and electrons, the gravitational packing energy in a cold neutron star may become very large, and under certain conditions may far exceed the ordinary nuclear packing fractions.
Too many politicians are shifting the critical themes of our national conversations from a 'big ideas' American Brand Platform to narrowly focused, polarizing sound bites that put party philosophy before what used to be heralded as the common good. These ideas, more often than not, divide us rather than serve to bind us.
I can observe the game theory is applied very much in economics. Generally, it would be wise to get into the mathematics as much as seems reasonable because the economists who use more mathematics are somehow more respected than those who use less. That's the trend.
Almost all the United Commonwealth presidents have been female. It has been argued that women are less aggressive, more maternal, and thus more focused on the well-being of the country's people. Less focused on politics or power.
The only difference between the narrator of contemporary affairs and the ordinary historian is that moral judgments about the present provoke fiercer reactions and have more immediately practical implications than moral judgments about the past.
I think what is being pointed out by African-Americans is that from slavery forward they have been living in a supposed democracy which treats them as less than other citizens, less than whites in the society. And I think that pointing out that there are structures of discrimination in the society, deeply rooted racist structures, that segregate housing, that send black children to ill-equipped schools, that discriminate in the workplace - these are truths about our society that must be faced.
Ordinary citizens are obliged and, if need be, compelled by force to meet their commitments. But let higher obligations of an international order be involved, and governments repudiate them, more often than not with a disdainful shrug of the shoulders.
I have learned more [from Balzac] than from all the professional historians, economists, and statisticians put together.
I don't think there is a better human being than Salman. He is always there for you, just a call away. I have never seen a more rooted guy than him.
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