A Quote by Paul Romer

When we speak of institutions, economists mean more than just organizations. We mean conventions, even rules, about how things are done. — © Paul Romer
When we speak of institutions, economists mean more than just organizations. We mean conventions, even rules, about how things are done.
There are so many rules about how you make a film and so many conventions that you can and can't do. I think people have forgotten that they are just rules that were invented for convenience - sometimes it is more convenient not to obey the rules.
Essentialism is not about how to get more things done, it's about how to the get the right things done. It doesn't mean just doing less for the sake of less either. It is about making the wisest possible investment of your time and energy in order to operate at our highest point of contribution by doing only what is essential.
I believe that people want the scent of love, more than anything else. And I don't mean sentimentality, I don't mean mush. I mean that idea, that human beings are more alike than we are different. And that means that I can love you. I don't mean support you in bad things you do, that I can understand because you're a human being.
Poetry wants to make things mean more than they mean, says someone, as if we knew how much things meant, and in what unit of measure.
Democracy is about institutions: it's about having things like schools and judiciary and the Ford Foundation, or 'The Nation' magazine - you need progressive institutions, you know what I mean? Those are important institutions to make sure that the government functions.
Even things like supermarket self-checkouts, they do mean people's jobs go. It's always worth thinking about the implications of things. Just because something's easier, it doesn't mean that it's the right thing to do.
The issue we are reluctant to talk about is even more sensitive than condoms. The issue - and I will try to be tasteful here - is that sometimes it seems like maybe the president of the United States is kind of dumb. If you get what I mean. What I mean is, I am not totally confident that the president would get what I mean, unless several aides explained it to him. And even then, he might forget.
I am often considered almost not a part of the profession of Establishment economists. I am even referred to as a sociologist. And by that, economists usually do not mean anything flattering.
I need words that mean more than they mean, words not just with height and width, but depth and weight and, and other dimensions that I cannot even name.
Everybody's out to get something from somebody. 'Gold diggers' doesn't just mean money, it can mean time, it can mean feelings. It can mean anything when you're taking and not giving. When people don't know how to reciprocate.
Words mean more than we mean to express when we use them: so a whole book ought to mean a great deal more than the writer meant.
I'm very much afraid I didn't mean anything but nonsense. Still, you know, words mean more than we mean to express when we use them; so a whole book ought to mean a great deal more than the writer means. So, whatever good meanings are in the book, I'm glad to accept as the meaning of the book.
You just do the best you can. It doesn't necessarily mean that you have to get worse the more you do it. It can get better, I think... aspects of it, anyway. I mean, I don't write as much as I used to. But I don't do a lot of things as much as I used to. So that's the natural order of things, too. You're more or less living in the present. You're just trying to get that next song, whatever it is. And not think too much about what happened on the last record, or the record you made 20 years ago, because those are over with. Those are done.
Economists love to talk about incentives, but the bottom line is that people hate being controlled or manipulated, even when done through voluntary institutions. This is one of the most important tensions in capitalism.
I'm fascinated by management and organizations: how organizations get things done and how successful organizations are built and maintained, how they evolve as they grow from start-ups to small companies to medium companies to big companies.
Donald Trump done a lot of name calling, and he created a very toxic atmosphere. I mean just we want to start with immigration, do you want to start with these things that he has said - you know, about Muslims. I mean, where it ends?
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