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Edward C. Prescott Quotes

Random distributions are not good things, because people are risk-averse, and this risk adversely affects their welfare. If you get too much price uncertainty, all kinds of long-term, mutually beneficial contracts can't be entered into.

Edward C. Prescott

Recitation: by Male by Female

Author Biography

Author Profession: economist
Nationality: american
Birth: December 26, 1940

Topics

Good People Good Things Random You

I used to draw a lot. If my mother would ask me to do something else, I'd have a hairy conniption. I'd just go crazy.

Jim Carrey

Mother Me Crazy Go Ask Something

The constitution is either a superior paramount law, unchangeable by ordinary means, or it is on a level with ordinary legislative acts, alterable when the legislature shall please to alter it. It is emphatically the province and duty of the judicial department to say what the law is. This is the very essence of judicial duty.

John Marshall

Law Constitution Say Duty Level

Negative emotions like hatred destroy our peace of mind.

Matthieu Ricard

Peace Mind Negative Peace Of Mind

There's a lot of rudeness and sullen behavior and kids that are very entitled and spoiled, just buy me more stuff. I didn't want to raise kids like that.

Amy Chua

Me Behavior Want More Buy Spoiled

There have been several television movies, 'Carrie 2,' two musicals! I remember thinking, the first time there was a musical on Broadway, 'Oh my gosh! The people who ordinarily go to the theaters, that's not really the audience.'

Sissy Spacek

Time People Thinking Remember Movies

The leverage and influence social media gives citizens are rapidly spreading into the business world.

Simon Mainwaring

Business Social Media Influence World

When people understand that they are constantly monitored, they are more conformist - they are less willing to take up controversial positions - and that kind of mass conformity is incompatible with democracy.

Trevor Paglen

People Democracy Kind Understand Up

I got really frustrated in jail, and I was like, 'Man, I love what I've done, and I love the mark I've made on rock n' roll history'... and I sat there, and I got really depressed, thinking, 'I gotta make a move... do something fresh and new.'

Tommy Lee

Love History Man Thinking New Done

Leaders must pick causes they won't abandon easily, remain committed despite setbacks, and communicate their big ideas over and over again in every encounter.

Rosabeth Moss Kanter

Ideas Setbacks Over Big Encounter

We were born with a capacity to grow, love, marry, and form families.

Russell M. Nelson

Love Grow Born Capacity Marry Form

This is the question I want everyone to ask yourself every single day when you come up with something you feel that needs to be done: if not now, then when? And if not me, then who?