Microfoundations Quotes & Sayings

When we feel haunted, it is the pull of our own home we're experiencing, but a more upsetting possibility is that the past has become homeless, and we are offering it a place to inhabit in the present. — Yiyun Li

In the late 1960s, the New Classical economists saw the same weaknesses in the microfoundations of macroeconomics that have motivated me. They hated its lack of rigor. And they sacked it. — George Akerlof

None of them are wholesome. There are straight men, and there are gay men, but there are no wholesome men. — Wendy Wunder

It's a really, really scary thing to stand here, to put words in people's mouths to say to God. It's terrifying to me. You potentially could mess someone up for...I don't know, eternity. — David Crowder

My favorite albums are really short. — Thomas Mars

The man who shows great respect for his mother, and the women in his life; will have respect for those he meets. — Ellen J. Barrier

We can do only what we think we can do. We can be only what we think we can be. We can have only what we think we can have. What we do, what we are, what we have, all depend upon what we think. — Robert Collier

Our faith is well founded; but it is necessary that this faith become part of our lives. A great effort must therefore be made in order for all Christians to transform themselves into 'witnesses,' ready and able to shoulder the commitment of testifying - always and to everyone - to the hope that animates them. — Pope Benedict XVI

I have two brothers buried in the military cemetery in Texas. I don't want to see any more of that. — F. Murray Abraham

I'd love there to be more larger models, but it's just not going to happen. Designers love to design for slim girls. — Twiggy

People never bothered to pay attention to those who served them. Waiters and drivers were the most invisible people in the world. — Ayelet Waldman

Women get boob jobs to give themselves a certain edge. Frankly, I don't see why they nearly kill themselves trying to diet off their equally bulbous hips. — Kim Brittingham

I am despised by an army of undiscerning academic highbrows, and ridiculed by semi-educated and vengeful "China-experts" whose era of translating Chinese into Western categories has now come to an end. The public is ready for non-European vocabularies. — Thorsten J. Pattberg

Spiritual life is not dry, it is also exceuted happily, 'susukham'. The result of that is not just happiness, but bliss, spiritual joy. — Bhakti Charu Swami

From this failure to expunge the microeconomic foundations of neoclassical economics from post-Great Depression theory arose the "microfoundations of macroeconomics" debate, which ultimately led to a model in which the economy is viewed as a single utility-maximizing individual blessed with perfect knowledge of the future.
Fortunately, behavioral economics provides the beginnings of an alternative vision of how individuals operate in a market environment, while multi-agent modelling and network theory give us foundations for understanding group dynamics in a complex society. These approaches explicitly emphasize what neoclassical economics has evaded: that aggregation of heterogeneous individuals results in emergent properties of the group, which cannot be reduced to the behavior of any "representative individual." These approaches should replace neoclassical microeconomics completely. — Steve Keen

The tragedy of love is not death or separation. How long do you think it would have been before one or other of them ceased to care? Oh, it is dreadfully bitter to look at a woman whom you have loved with all your heart and soul, so that you felt you could not bear to let her out of your sight, and realize that you would not mind if you never saw her again. The tragedy of love is indifference. — W. Somerset Maugham