A Quote by Ronald Coase
You should not forget that without all the work in law and economics, a great part of which has been supported by the John M. Olin Foundation, it is doubtful whether the importance of my work would have been recognized.
Related Quotes
I started in the law; and the study of law, when it precedes the study of economics, gives you a set of foundation principles about how human beings interact. Economics is very useful, and I studied economics in graduate school. But without understanding the social and organizational context of economics, it becomes a theory without any groundwork.
We don't really have the ability to enforce the law with respect to illegal work in this country in a way that's truly effective...We haven't been able to require every employer to enter a system in which they check the work status of their employees and determine whether they're legal, and without that, we don't really have the ability to enforce the law with respect to illegal work in this country in a way that's truly effective. And that would be the single greatest additional weapon we could use if we're serious about tackling this problem.
Economics profession, they've been - they've been confident in various formulas, but economics is not physics. The same formula that works in one decade doesn't work in the next. Economics is a difficult subject.
God has foreordained the works to which He has called you. He has been ahead of you preparing the place to which you are coming and manipulating all the resources of the universe in order that the work you do may be a part of His whole great and gracious work.
Freedom cannot always continue in comfort and convenience, cannot be assured without sacrifice, without truth and decency, without willingness to work, without downright honesty and honor, and readiness to keep the commandments and live within the law...there is no liberty without a real respect for law; no liberty if we forget God, or fail to remember the principles on which freedom is founded.
What is the best advice, business or otherwise, you've had and from whom?
The best advice I've received came many years ago from my father. He told me that you should love whatever work you do, you should try to find something you truly enjoy. And I've been lucky through the years that the work I've been involved with has been challenging and for the most part, fun.
Without doubt the greatest injury of all was done by basing morals on myth. For, sooner or later, myth is recognized for what it is, and disappears. Then morality loses the foundation on which it has been built.
Cameras help to minimize collateral damage, and very often, without a camera a missile cannot fire. Certainly, without a camera a drone can't function, which means that the very ways in which we wage war are determined in part by how cameras work and whether they work at all.
As we see this work move forward and move on, I would only declare to you as I stand before you today that in those 90 and more years that I've had, as I've witnessed and felt and seen and been part of the spiritual experiences that have been mine, that this is the work of the Lord. It's just as has been revealed. I've sensed it and I feel it, and I so declare to you.
There are types of energy which lie outside the electromagnetic spectrum. Unfortunately, these research efforts have not been given recognition. For the most part, they have been performed by individuals without any support, whose work lies at the threshold of present-day science, and who are years ahead of science which is already established.
Mr. Best has expressed the desire to work with me, and I should be more than pleased to have him. His work has been excellent, and he is absolutely honest, careful, and impartial and has taken a great interest in the work.
It has been thought that the people are not competent electors of judges learned in the law. But I do not know this to be true, and, if doubtful, we should follow principle.
It's great to be recognized for work, and the work is great, but once you have the awards, it becomes less important. It just gives you the ability to do better work, in my opinion.
I got to work with my wife, Lena Olin, for the first time, which was great. I thought it might be difficult in some way to talk to one's wife in a different way but it was so not forced.
The great question which, in all ages, has disturbed mankind, and brought on them the greatest part of their mischiefs ... has been, not whether be power in the world, nor whence it came, but who should have it.
What work I have done I have done because it has been play. If it had been work I shouldn't have done it. . . . The work that is really a man's own work is play and not work at all. . . . When we talk about the great workers of the world we really mean the great players of the world.
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