A Quote by Paul Samuelson
Thousands of important and intelligent men have never been able to grasp the principle of comparative advantage or believe it even after it was explained to them
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It is here we come to the heart of the matter. The economic principle of comparative advantage', 'a country may, in return for manufactured commodities, import corn even if it can be grown with less labour than in the country from which it is imported
I've never been able to say I've been influenced by a list of artists I like because I like thousands and thousands and I've been influenced in some way by all of them.
The fundamental cause of the trouble is that in the modern world the stupid are cocksure while the intelligent are full of doubt. Even those of the intelligent who believe that they have a nostrum are too individualistic to combine with other intelligent men from whom they differ on minor points.
What I believe is not what I say I believe; what I believe is what I do. I used to say that I believed it was important to tell people about Jesus, but I never did. A friend kindly explained that if I do not introduce people to Jesus, then I don't believe Jesus is an important person. It doesn't matter what I say. We live for what we believe.
Economists have understood since the Victorian era that the main benefits of trade come from comparative advantage: the idea that people can specialize in what they're good at and then benefit from exchange. The principle is no more mysterious than specialization in the labor market.
My belief in Jesus Christ is most important thing in my life. What I do to be able to father correctly is to spend time in the mornings by myself to get my heart, my soul, my mind - correct. To be able to handle the situations and handle the young men like I would my son. It's loving my players where they are, helping them to move and achieve. And when they're 30, what are they doing then? Are they a husband that stays true? Are they a father that never leaves? Are they a businessman that can be counted on in whatever they do! I think that really guides me in a better principle.
I believe that freedom is a gift from an Almighty to every man, woman, and child; that is a principle that was important to me during my presidency and I think it's an important principle.
We need to move from comparative advantage to perpetual advantage.
To be strategic is to concentrate on what is important, on those few objectives that can give us a comparative advantage, on what is important to us rather than others, and to plan and execute the resulting plan with determination and steadfastness.
The Hebrews have done more to civilize men than any other nation: The doctrine of a supreme, intelligent sovereign of the universe, I believe to be the great essential principle of all morality, and consequently of all civilization.
I stand with all the athletes who believe in doing things right. The ones who win and the ones who lose while knowing they have been cheated out of their positions. There are thousands if not tens of thousands, if not hundreds of thousands, of those kinds of athletes out there. We have to remember them.
Here is the secret of inspiration: Tell yourself that thousands and tens of thousands of people, not very intelligent and certainly no more intelligent than the rest of us, have mastered problems as difficult as those that now baffle you.
Obviously, everything has always been defined by the dominant ideology. But the dominant ideology has been able to accept women's literature as well as men's literature. I would say that women have been hindered from creating for a variety of reasons, as Virginia Woolf so admirably explained in A Room of One's Own. When they have created, on the whole they have been recognized. In literature it hasn't been nearly as oppressive as in, say, painting, where even the existence of so many women painters has always been denied.
As a matter of principle, we believe patients should be able to see the right doctor at the right time. As a matter of principle, we believe nothing should interfere with that doctor-patient relationship. As a matter of principle, we believe all Americans deserve affordable, available, and reliable quality health care.
A lot of the young people make beautiful films or big films or are able to finance them, but they can't get anyone to distribute them, they can't get anyone to see them, so they go to these thousands of film festivals. So I still believe that even though a young kid might be able to make a masterpiece or something that changes the direction of cinema, the issue of how to get it to people is still not solved.
My belief is, you know, certain things have to be explained that's never been explained.
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