A Quote by Martin Feldstein
And finally, no matter how good the science gets, there are problems that inevitably depend on judgement, on art, on a feel for financial markets.
Related Quotes
And finally, no matter how good the science gets, there are problems that inevitably depend on judgment, on art, on a feel for financial markets.
A second reason why science cannot replace judgement is the behavior of financial markets.
Do not trust financial market risk models. Despite the predilection of some analysts to model the financial markets using sophisticated mathematics, the markets are governed by behavioral science, not physical science.
As long as the problems of the poor are not radically resolved by rejecting the absolute autonomy of markets and financial speculation and by attacking the structural causes of inequality, no solution will be found for the world’s problems or, for that matter, to any problems.
Depend upon yourself. Make your judgement trustworthy by trusting it. You can develop good judgement as you do the muscles of your body - by judicious, daily exercise. To be known as a man of sound judgement will be much in your favor.
The impact on the broader economy and financial markets of the problems in the subprime markets seems likely to be contained.
No matter what precautions we take, no matter how well we have put together a good life, no matter how hard we have worked to be healthy, wealthy, comfortable with friends and family, and successful with our career — something will inevitably ruin it.
Contempt for science could perhaps depend on the fact that, science hasn't been able to solve any of our basic problems, for example the environmental pollution or the problems with HIV and AIDS. This is the worst disease of our time, and scientists are lost. I believe that many people are disappointed with science when the answers we need are not delivered.
I see 30 to 40 gallery shows a week, and no matter what kind of mood I'm in, no matter how bad the art is, I almost always feel better afterward. I can learn as much from bad art as from good.
Ultimately savings have to go somewhere and I think they will find their home in financial markets and within financial markets, a large part in equity.
There are no free financial markets in America or, for that matter, anywhere in the Western word, and few, if any, free markets of any other kind.
How is your health? I feel pretty good, and I'm very anxious to get the season going. I think we have a chance to have a good football team. I don't have any health problems. I don't know how any of the stuff gets started. . . . My health is very good.
No matter how much buzz you create for a film, it's the content that finally gets judged.
In the '70s and '80s there was an attempt in K-12 to teach science through art or art through science. The challenge today is how do you build the ethos of art and design into the academy of science.
No matter how the financial system is set up, no matter what the economic system is, as long as you have people, you're going to have financial crises; you're going to have bubbles that manifest themselves in the financial system.
If a work of art is a projection of feeling, its kinship with organic nature will emerge, no matter through how many transformations, logically and inevitably.
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