David Hemenway Quotes
Economists are behavioural psychologists, but they think more is better; they want to make everyone richer. They should pause. More's not necessarily better
Quotes to Explore
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Ethics are not necessarily to do with being law-abiding. I am very interested in the moral path, doing the right thing.
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The forms of my awareness are richer than yours.
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Unfortunately, a lot of economists wanted to make their subject a science. So the more what you do resembles physics or chemistry, the more credible you become.
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I like the pause that tea allows.
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Whenever you find yourself on the side of the majority, it is time to pause and reflect.
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Even though it's still the United States, I think on many levels they feel separate, especially the true Hawaiians - who are not necessarily thrilled to be a part of the United States. But I just love the whole spirit.
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It's not necessarily getting older or the change that comes with it, I think it's more about the memories that you have. Where you can look at your life in these eras.
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We've got to pause and ask ourselves: How much clean air do we need?
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There's always music that moves me. It doesn't necessarily mean that it's within the parenthesis of rock or blues, or whatever. It's usually far more reaching than that. It can be in many different genres.
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Until the Great Depression, most economists clung to a vision of capitalism as a perfect or nearly perfect system. That vision wasn’t sustainable in the face of mass unemployment, but as memories of the Depression faded, economists fell back in love with the old, idealized vision of an economy in which rational individuals interact in perfect markets.
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The ideas of economists and political philosophers, both when they are right and when they are wrong, are more powerful than is generally understood. Indeed, the world is ruled by little else.
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Beware of economists who hide assumptions.
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Those who can really do what they promise don't first pause to promise what they can do.
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Psychologists usually try to help people use insight and understanding to manage their behavior. However, neuroscience research shows that very few psychological problems are the result of defects in understanding; most originate in pressures from deeper regions in the brain that drive our perception and attention. When the alarm bell of the emotional brain keeps signaling that you are in danger, no amount of insight will silence it.
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The mind itself—the seemingly solid, stable mind—dissolves into a stream of cittas flashing in and out of being moment by moment, coming from nowhere and going nowhere, yet continuing in sequence without pause.
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Economists and financial analysts are not like steelworkers or people in other occupations. They don't get evaluated based on their performance. They can mess up every day of the week through their whole careers, and this would be just fine, as long as they messed up in the same way as their peers.
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Ever since the Great Depression, economists have known that demand shortages tend to persist in the wake of severe financial crises like the ones that happened in 1929 and 2008.
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There are a lot of things that come easy, but they're not necessarily worth it. Anything worth having, you work hard for. That's how I feel I am.
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People are irrational and they need economists, with their open minds, to show them how to be rational and efficient.
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I take pride in the creation of my wealth, in its existence and in the uses to which it has been and is being put.
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The MC has to be just that, a master in control. They can show no signs of weakness.
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Economists are behavioural psychologists, but they think more is better; they want to make everyone richer. They should pause. More's not necessarily better
