A Quote by Tim Harford

Failure is inevitable; it happens all the time in a complex economy. — © Tim Harford
Failure is inevitable; it happens all the time in a complex economy.
Failure's inevitable. It happens all the time in a complex economy. And how did the economy produce all these amazing things that we have around us, computers and cell phones and so on? Well, the process was trial and error. There were a bunch of ideas, and the good ones grew and prospered, and the bad ones were pretty ruthlessly weeded out.
Failure is an event, something that happens at a specific time on a certain day. If you want to be successful, you have to embrace failure and get back up every single time.
the spiritual meaning of every situation [is] not what happens to us, but what we do with what happens to us and who we decide to become because of what happens to us. The only real failure is the failure to grow from what we go through.
Failure happens all the time. It happens every day in practice. What makes you better is how you react to it.
This idea that failure is not an option: It makes failure invisible, inconceivable and inevitable.
Well, the idea is that failure is an inevitable partner on the road to success and, if you're not willing to confront failure, you can never find out how good you are.
We do need a 'new economy,' but one that is founded on thrift and care, on saving and conserving, not on excess and waste. An economy based on waste is inherently and hopelessly violent, and war is its inevitable by-product. We need a peaceable economy.
A failure remains a failure only if we refuse to learn from it. Any situation that teaches us greater humility, sobriety, wisdom about self and others, responsibility, forgiveness, depth of reflection, and better decision making -\-\teaching us what's truly important-\-\is not an ultimate failure. Sometimes what we deem a failure at the time it happens actually serves to foster a change within us that creates an even greater success down the road.
Success is created through the performance of a few small daily disciplines that stack up over time to produce achievements far beyond anything you could of ever planned for. Failure, on the other hand, is just as easy to slip into. Failure's is nothing more than the inevitable outcome of a few small acts of daily neglect performed consistently over time so that they take you past the point of no return.
The reality is the most important thing that can be done are these permanent changes like to the tax code, reduction of government spending. These are the things that pop up in economy and move it in the right direction, start to make it an economy that is moving because of the money in the private economy. When you think about it, when the Fed is lowering an interest rate, what it's doing is it's creating more liquidity. It's putting more money into the economy. The same thing happens when you reduce the tax except if happens from physical policy.
Before a revolution happens, it is perceived as impossible; after it happens, it is seen as having been inevitable.
Failure is not an option. It just happens all the time. Like, all the time.
Every entrepreneur knows how agonizingly difficult it is to make the decision to give it your all, knowing that failure is inevitable; the successful ones know that the only way to get back up is through learning from that failure.
We have to understand that India is a complex country. Everything takes time for the real impact to get translated to the economy.
We can only learn to deal with failure by actually experiencing failure, by living through it. The earlier we face difficulties and drawbacks, the better prepared we are to deal with the inevitable obstacles along our path.
The economic sense of possibility was so great when I was growing up that my parents had no question that I could do anything I wanted to do, even as a girl. I've always believed that the economics of a story intersects with the women's story - that stuff often happens at the time it happens because of the economy.
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