A Quote by Tim Harford
Economics spreads happiness.
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I celebrate Diwali in a way that spreads happiness to those around me.
The fragrance of flowers spreads only in the direction of the wind. But the goodness of a person spreads in all directions.
God spreads grace like a 4-year old spreads peanut butter-He gets it all over everything.
Interestingly, human irrationality is a hot topic in economics at the moment. Behavioural economics it's called, on the cusp of economics and psychology.
The duty of happiness becomes clearer when we see how it affects others. It is the merry heart that makes the cheerful countenance, and it is the cheerful countenance that spreads cheer to make other hearts merry. The sunny soul brings sunshine everywhere. A bright and happy temperament is a great social asset, adding to the happiness of the world.
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.
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.
The fragrance of flowers spreads only in the direction of the wind. But the goodness of a person spreads in all direction.
Happiness is the sense that one matters. Happiness is an abiding enthusiasm. Happiness is single-mindedness. Happiness is whole-heartedness. Happiness is a by-product. Happiness is faith.
The belief that happiness has to be deserved has led to centuries of pain, guilt, and deception. So firmly have we clung to this single, illusory belief that we've almost forgotten the real truth about happiness. So busy are we trying to deserve happiness that we no longer have much time for ideas such as: Happiness is natural, happiness is a birthright, happiness is free, happiness is a choice, happiness is within, and happiness is being. The moment you believe that happiness has to be deserved, you must toil forevermore.
If people are teaching economics, they need to teach all the different disciplines, all the different schools in economics. They can't just teach one because then the person isn't equipped to deal with the economics profession.
Worst of all, there is no sign of any relaxation of antisemitism. Logically it has nothing to do with Fascism. But the human raceis imitative rather than logical; and as Fascism spreads antisemitism spreads.
My mother and my father taught me to look at the actual problem, not the face of it, not the veneer of it. So for me, I was never - I was impressed that it - racially, I was impressed, right, but now in America it's about economics, and it's been about economics, and honestly, everything's been about economics since I don't want to say the beginning of time, but it's been about economics for a long while.
I do not believe there is a natural resource economics. I believe there is good economics and bad economics.
I've always been a big believer in the power of place. I believe that where we are affects who we are when it comes to happiness, spirituality, economics and creative genius.
How should the best parts of psychology and economics interrelate in an enlightened economist's mind?... I think that these behavioral economics...or economists are probably the ones that are bending them in the correct direction. I don't think it's going to be that hard to bend economics a little to accommodate what's right in psychology.
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