George Akerlof Quotes

In New Classical theory, periods of declining employment - business cycle downturns - may be caused by an unexpected decline in aggregate demand, which leaves workers mistakenly holding out for nominal wages that exceed the new market-clearing level.

George Akerlof

Recitation: by Male by Female

Author Biography

Topics

BusinessUnexpectedNewOutWorkers

The market is incredibly inefficient and capable on rare occasions of being utterly dysfunctional. And people have a really hard time getting their brain around that fact. They want to believe that it's approximately efficient almost all the time, and it simply isn't true.

Jeremy Grantham

TimePeopleBrainBelieveWantTrue

Our idea with starting Stripe was to build better payments technology for people building things on the web.

John Collison

TechnologyPeopleBuildingBetter

I cannot think that when God sent us into the world, he had irreversibly decreed that we should be perpetually miserable in it. If our taking up the Cross imply our bidding adieu to all joy and satisfaction, how is it reconcilable with what Solomon expressly affirms of religion, that 'her ways are ways of pleasantness, and all her paths are peace?'

John Wesley

GodPeaceReligionJoyWorldThink

As the character talks and moves, the world around him is slowly revealed, just like dollying a camera back for a wider look at things. So all my stories start with a character, and that character introduces setting, culture, conflict, government, economy... all of it, through his or her eyes.

Robin Hobb

CharacterEyesCultureGovernment

It's really important for the bass and the drums to somehow blend.

Mike Gordon

ImportantBlendBassDrumsReally

Any goal worth achieving involves an element of risk.

Dean Karnazes

WorthGoalAchievingRiskElement

No man has ever paid a single bill in my life - I didn't want it.

China Machado

LifeManMy LifeWantSinglePaid

Conservatives and companies condoned Rush Limbaugh's politics of personal destruction when it came to smearing elected officials. 'Fair game,' they said, even when crass and crude. That's just the way it is.

Christine Pelosi

PoliticsGameSaidPersonalWay

In my view, the only thing worse than a rock star is a rock star with a conscience.

Bono

ViewRock StarRockConscienceStar

Fashion is a reflection of the time.

Anna Wintour

TimeReflectionFashion

I like having a plot; I like characters with a reason to get up in the morning.

Peter Temple

MorningReasonUpGetLikePlot

I want romance.

Shania Twain

WantRomance

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