A Quote by Joseph Stiglitz
I think what they've been doing is largely almost in firefighting mode without a good conceptual framework - either at the micro or the macro level. Micro, you would ask: "What kind of financial or banking system do we want?" Macro, you would say: "What are the underlying problems in the structure of our economy?"
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The interesting thing about the China story, getting back to the macro and micro, and as dire as I think the macro story is - due to bad credit and credit extension that makes Greece and Spain and the U.S. look like child's play - when you get to the micro of individual companies, they look even worse.
The behavior of the economy as a whole, at the aggregate, macro-level, is built up from the individual equations at the micro-level.
The most important thing for us to do as beings is to be aware of our position in the world on a micro and macro level.
Political correctness is a poison to our security and defenses. It imposes a willful blindness, both at the macro level when unwilling to engage with radical Islamism or whatever you want to call it - if you're not willing to call it what it is - and at the micro level, at the street level.
We have to remain vigilant and loud and stay consistently engaged with our representatives and the political process every single day, on both a macro and micro level.
I think in any country you have macro situations and micro ones.
I think good art, if I could be pretentious enough to say, I think good art deals with the micro to explain the macro.
My general writing preface is to write an outline and then ignore about half of it, both on a micro level with the individual book, and on a macro level with the series as a whole, and that's pretty much what's happened.
...by regularly reading business newspaper and magazines I am exposed to an enormous amount of material at the micro level.. I find that what I see going on there pretty much informs me about what's happening at the macro level.
Darwinian evolution is slow and gradual, step by step. Such an evolution can explain micro-evolution but not macro-evolution. For example, how did the eye evolve? The idea behind Darwinism is that organisms adapt, and that nature selects only those genetic changes which are the mutations that serve a good purpose for adaptation. So taken this way, the eye cannot develop gradually because one-thousandth or one-millionth of an eye would be of no value for survival. So generally this question rules out Darwinism as an adequate theory for macro-evolution.
The very function of creativity, of the elaboration of the human condition only enlarges the human spirit and, I mean, as a writer I don't want to read political literature all the time. It would be terribly boring and, you know, abrasive, but just reading the insights, you know, partaking of the insights of a writer into phenomena, into society, into human relationships, both on a micro level and on a macro level, is already a function.
It's not just that we all as individuals should reevaluate our relationship with our devices - maybe you should, on a personal level - but in terms of balancing the micro and the macro and the personal and the structural, it's actually a bigger issue than you and your phone addiction.
Ultimately, I don't know if love is an organizing principle we choose or if it's innate. I'm not sure the distinction matters to me much anymore; I just care about how we can reduce unnecessary suffering. I think that means learning to love in both the micro and the macro; engaging in ethical action at the level of intimacy and friendship, but also at the vocational level through our chosen work in the world, our right livelihood.
It's kind of a funny way to put it, but if you want to study a dynamic economic system, what you'd like to be able to do is focus on the linkages, say, between asset markets and the macro economy without having to model everything at the same time.
One influential philosophical position about the use of probability in science holds that probabilities are objective only if they are based on micro-physics; all other probabilities should be interpreted subjectively, as merely revealing our ignorance about physical details. I have argued against this position, contending that the objectivity of micro-physical probabilities entails the objectivity of macro-probabilities.
I like having songs that go from the personal to the kind of inter-relational, universal, because everything comes back to micro/macro and everything's tied in.
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