"Economists have the correct insight that economics is a theory of choice, the key to the story is the variety of options and centralised political control limits the options. The best recipe is adaptive efficiency coping with novel uncertainty in a non-ergodic world, the maintenance of institutions which enable trial & error experiment to occur, and an effective means of eliminating unsuccessful solutions"

-- Douglass North

#Mean Quotes #Errors Quotes #Keys Quotes

“If you know what you're looking for, that's all you'll get - what's previously known. But when you're open to what's possible, you get something new - that's creativity.”
“This won't look so good in my obituary," Schaffer said dolefully. There was a perceptible edge of strain under the lightly-spoken words."Gave his life for his country in a ladies' lavatory in Upper Bavaria.”
“No man will be found in whose mind airy notions do not sometimes tyrannize, and force him to hope or fear beyond the limits of sober probability.”
“Depression must be avoided, no matter what the cost. Depression is lying on the Edwardian couch for six months, too tired to unlace your shoes. Depression is awakening each morning feeling as if someone near and dear and closely related died the night before. Bad news. Don't tempt depression.”
“Overprotecting intellectual property is as harmful as underprotecting it. Creativity is impossible without a rich public domain. Nothing today, likely nothing since we tamed fire, is genuinely new: Culture, like science and technology, grows by accretion, each new creator building on the works of those who came before. Overprotection stifles the very creative forces it's supposed to nurture.”

Source : White v. Samsung Electronics America, Inc., 989 F.2d 1512 (9th Cir. 1993), March 18, 1993.
“He that can heroically endure adversity will bear prosperity with equal greatest of the soul; for the mind that cannot be dejected by the former is not likely to be transported without the latter.”
“A nation reveals itself not only by the men it produces but also by the men it honors, the men it remembers.”
“I have a message for the young kids. Life is about obstacles, endeavors in life are not to be overlooked.”

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