Spillovers Economics Quotes & Sayings

If being a girl is a frontier all its own, what is the manifest destiny? — Wendy McClure

Vulnerability is a wonderful tool for awakening and for learning and for growing and for connecting. — Colleen Saidman

Your opponent will often be blind to your design, being consumed with his own. Do not subconsciously seek accolades of your ingenuity and thus call attention - be sated by your own approval. Be confident you will win. — Shannon Kirk

It is a lesson of the sixties: liberals get in the biggest political trouble - whether instituting open housing, civilian compliant review boards, or sex education programs - when they presume that a reform is an inevitable comcomitant of progress. It is then they are most likely to establish their reforms by top-down bureaucratic means. A blindsiding backlash often ensues. — Rick Perlstein

A thousand things to be written had I time: had I power. A very little writing uses up my capacity for writing. — Virginia Woolf

There's something incredibly liberating about a holiday that encourages children to take candy from strangers — Steve Almond

The consequences for human welfare involved in questions about human capital spillovers are simply staggering. Once one starts to think about them, it's hard to think of anything else — Robert Lucas Jr.

I was hitchhiking to Washington to an anti-war demonstration in 1971, and I was in an accident, and that's how I became disabled; that's how I came into disability, in a sense. — Simi Linton

While there are certainly informational spillovers as ideas move from person to person, it is hard to see why in most instances they are not priced. Although it is possible to imagine examples such as the wheelbarrow where an idea cannot be used without revealing the secret, relatively few ideas are of this type. For copyrightable creations such as books, music, plays, movies and art, unpriced spillovers obviously play little role. A book, a CD or a work of art must be purchased before it can be used, and the creator is free to make use of his creation in the privacy of his home without revealing the secret to the public at large. Similarly with movies or plays. In all cases, the creation must effectively be purchased before the "secret" is revealed. — Michele Boldrin

Although the view that, once discovered, ideas can be imitated for free by anybody is pervasive, it is far from the truth. While it may occasionally be the case that an idea is acquired at no cost - ideas are generally difficult to communicate, and the resources for doing so are limited. It is rather ironic that a group of economists, who are also college professors and earn a substantial living teaching old ideas because their transmission is neither simple nor cheap, would argue otherwise in their scientific work. Most of the times imitation requires effort and, what is more important, imitation requires purchasing either some products or some teaching services from the original innovator, meaning that most spillovers are priced. — Michele Boldrin