A Quote by Paul Ormerod
The behavior of the economy as a whole, at the aggregate, macro-level, is built up from the individual equations at the micro-level.
Related Quotes
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.
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?"
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.
...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.
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.
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.
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.
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.
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.
A rise in the level of saving can reduce aggregate activity temporarily but only a sustained high level of saving makes it possible to have the sustained high level of business investment that contributes to the long-run growth of output.
Real is a contentious word. What can be considered real and or verified does not necessarily mean that it is recognized or acknowledged on a micro or macro level. There are many different ways to interrogate or locate a subject. One should take into account the lens by which we think of the idea of a subject.
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.
Morals - all correct moral laws - derive from the instinct to survive. Moral behavior is survival behavior above the individual level.
Migration - whether emigration or return - at the micro level is an individual choice, and government both at the Centre and the states have role only to facilitate the decision of the individuals.
If you economically empower a woman, she represents enormous opportunity that can actually be transformative not only for her family and for her community, but at the aggregate level for the economy.
I think we at the faculty level have to model this behavior of having people that really truly disagree with one another be able to discuss those beliefs with one another at the level of discussion and argument and not at the level of, you know, personal attack so that our students can learn how to do that, too.
Related Authors
Adam Smith Quotes
Scottish
Economist
Alan Greenspan Quotes
American
Economist
Benjamin Graham Quotes
American
Economist
Friedrich August von Hayek Quotes
Austrian
Economist
John Kenneth Galbraith Quotes
American
Economist
John Maynard Keynes Quotes
English
Economist
Joseph Stiglitz Quotes
American
Economist
Ludwig von Mises Quotes
Austrian
Economist
Milton Friedman Quotes
American
Economist
Muhammad Yunus Quotes
Bangladeshi
Economist
Murray Rothbard Quotes
American
Economist
Paul Krugman Quotes
American
Economist
Richard Thaler Quotes
American
Economist
Robert Reich Quotes
American
Economist
Thomas Sowell Quotes
American
Economist
Walter E. Williams Quotes
American
Economist