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Herbert Stein

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"I belong to the don't-know school of economics."

 
Herbert Stein

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"We class schools, you see, into four grades: Leading School, First-rate School, Good School, and School. Frankly," said Mr Levy, "School is pretty bad..." (Part One, Chapter One)

 
Evelyn Waugh
 

We are told by a Lord of the Admiralty who represents a Sheffield division that it is all over with the old Manchester school, and that we have got into new days. I do not belong to the Manchester school. I have nothing to say about the Manchester school except this—that I chanced to write the life of a very important leader of that school. and what did Mr. Cobden say upon this very point? He said:—"I am willing to spend a hundred millions on the fleet if necessary". The Radical party have never been the party who denied the great proposition that lies at the bottom of British politics—namely, that we must have absolute supremacy at sea.

 
John Morley
 

Marx claimed in Volume 1 [of Capital] that there was some interesting economics involved in a labor theory of value, and some believe his greatest fame in pure economics lies in his at­tempted analysis of "surplus value." Although he promised to clear up the contradiction between "price" and "value" in later volumes, neither he nor Engels ever made good this claim.

 
Karl Marx
 

All reading, in truth, is reading in a content area. To read the phrase "the law of diminishing returns" or "the law of supply and demand" requires that you know how the word "law" is used in economics, for it does not mean what it does in the phrase "the law of inertia" (physics) or "Grimm's law" (linguistics) or "the law of the land" (political science) or "the law of survival of the fittest" (biology). To the question, "What does 'law' mean?" the answer must always be, "In what context?"

 
Neil Postman
 

The future must not belong to those who target Coptic Christians in Egypt — it must be claimed by those in Tahrir Square who chanted "Muslims, Christians, we are one." The future must not belong to those who bully women — it must be shaped by girls who go to school, and those who stand for a world where our daughters can live their dreams just like our sons. The future must not belong to those corrupt few who steal a country's resources — it must be won by the students and entrepreneurs; workers and business owners who seek a broader prosperity for all people. Those are the men and women that America stands with; theirs is the vision we will support. The future must not belong to those who slander the prophet of Islam. Yet to be credible, those who condemn that slander must also condemn the hate we see when the image of Jesus Christ is desecrated, churches are destroyed, or the Holocaust is denied. Let us condemn incitement against Sufi Muslims, and Shiite pilgrims. It is time to heed the words of Gandhi: "Intolerance is itself a form of violence and an obstacle to the growth of a true democratic spirit." Together, we must work towards a world where we are strengthened by our differences, and not defined by them. That is what America embodies, and that is the vision we will support.

 
Barack Obama
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