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Tim Harford Quotes

I am aiming my books at anybody with no economics background Picture Quote #1

Success Comes Through Rapidly Fixing our Mistakes Rather than Getting Things Right the First Time Picture Quote #1

Funnily enough, the Federal Reserve produced comics about monetary policy, and there is a good comic book guide to microeconomics and macroeconomics out there. But it is not really appropriate for younger readers; it is really aimed at economics students Picture Quote #1

The supermarket chain Whole Foods has quite a radical employee empowerment program, where employees get to decide whether another employee can work in their team or not. If they think this person’s a slacker, doesn’t have good ideas, they can vote and say, no, we don’t want this person to be working with us on the vegetable aisle Picture Quote #1

If the whole process of learning from failure means discarding stuff that’s not working, but in fact, our natural reaction is to keep going, to throw more money behind it, to throw more emotional energy behind it... that’s a real problem Picture Quote #1

A lot of international companies invest in the U.K. as a base for doing business with the rest of the European Union Picture Quote #1

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Our society is intertwined with the economy that we’ve built, which is a fantastically complex system. I hope that my writing about it might do some good, but that’s not why I do it Picture Quote #1

Cory Doctorow should be too busy for lunch. He’s co-editor of, and a prolific contributor to, one of the most influential blogs in the world, Boing Boing. Over the past decade the Canadian-born writer has published 16 books, mostly science fiction novels. He campaigns vigorously on the politics of the digital age Picture Quote #1

In certain businesses, I would say 10 failures to one success is a perfectly acceptable ratio. Because the failures die pretty quickly, they’re not that expensive, and the successes can be really huge Picture Quote #1

I think the association of economics with forecasting is unfortunate and is down to the fact that one great way to get an investment bank’s name on business television is to hire a guy called a Chief Economist who will go and prognosticate Picture Quote #1

British politicians used to be good at misleading people without actually lying Picture Quote #1

Failure’s inevitable. It happens all the time in a complex economy. And how did the economy produce all these amazing things that we have around us, computers and cell phones and so on? Well, the process was trial and error. There were a bunch of ideas, and the good ones grew and prospered, and the bad ones were pretty ruthlessly weeded out Picture Quote #1

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How did the economy produce all these amazing things that we have around us - computers and cell phones and so on? There were a bunch of ideas, and the good ones grew and prospered. And the bad ones were pretty ruthlessly weeded out Picture Quote #1

Pluralism matters because life is not worth living without new experiences - new people, new places, new challenges. But discipline matters too; we cannot simply treat life as a psychedelic trip through a series of novel sensations Picture Quote #1

People today don’t become economists to make the world a better place Picture Quote #1

Failure is inevitable; it happens all the time in a complex economy Picture Quote #1

We should not try to design a better world. We should make better feedback loops Picture Quote #1

The more grotesque your boss’s pay and the less he has do to earn it, the bigger the motivation for you to work with the aim of being promoted to what he has Picture Quote #1

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Economists have allowed themselves to walk into a trap where we say we can forecast, but no serious economist thinks we can. You don’t expect dentists to be able to forecast how many teeth you’ll have when you’re 80. You expect them to give good advice and fix problems Picture Quote #1

If the whole process of learning from failure means discarding stuff that’s not working, but in fact, our natural reaction is to keep going, to throw more money behind it, to throw more emotional energy behind it... that’s a real problem Picture Quote #1

You show me a successful complex system, and I will show you a system that has evolved through trial and error Picture Quote #1

Accepting trial and error means accepting error. It means taking problems in our stride when a decision doesn’t work out, whether through luck or misjudgment. And that is not something human brains seem to be able to do without a struggle Picture Quote #1

There is much more to life than what gets measured in accounts. Even economists know that Picture Quote #1

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I am aiming my books at anybody with no economics background (Tim Harford Quotes) Success Comes Through Rapidly Fixing our Mistakes Rather than Getting Things Right the First Time (Tim Harford Quotes) Funnily enough, the Federal Reserve produced comics about monetary policy, and there is a good comic book guide to microeconomics and macroeconomics out there. But it is not really appropriate for younger readers; it is really aimed at economics students. (Tim Harford Quotes) The supermarket chain Whole Foods has quite a radical employee empowerment program, where employees get to decide whether another employee can work in their team or not. If they think this person’s a slacker, doesn’t have good ideas, they can vote and say, no, we don’t want this person to be working with us on the vegetable aisle. (Tim Harford Quotes) If the whole process of learning from failure means discarding stuff that’s not working, but in fact, our natural reaction is to keep going, to throw more money behind it, to throw more emotional energy behind it... that’s a real problem. (Tim Harford Quotes) A lot of international companies invest in the U.K. as a base for doing business with the rest of the European Union. (Tim Harford Quotes) Our society is intertwined with the economy that we’ve built, which is a fantastically complex system. I hope that my writing about it might do some good, but that’s not why I do it. (Tim Harford Quotes) Cory Doctorow should be too busy for lunch. He’s co-editor of, and a prolific contributor to, one of the most influential blogs in the world, Boing Boing. Over the past decade the Canadian-born writer has published 16 books, mostly science fiction novels. He campaigns vigorously on the politics of the digital age. (Tim Harford Quotes) In certain businesses, I would say 10 failures to one success is a perfectly acceptable ratio. Because the failures die pretty quickly, they’re not that expensive, and the successes can be really huge. (Tim Harford Quotes) I think the association of economics with forecasting is unfortunate and is down to the fact that one great way to get an investment bank’s name on business television is to hire a guy called a Chief Economist who will go and prognosticate. (Tim Harford Quotes) British politicians used to be good at misleading people without actually lying (Tim Harford Quotes) Failure’s inevitable. It happens all the time in a complex economy. And how did the economy produce all these amazing things that we have around us, computers and cell phones and so on? Well, the process was trial and error. There were a bunch of ideas, and the good ones grew and prospered, and the bad ones were pretty ruthlessly weeded out. (Tim Harford Quotes) How did the economy produce all these amazing things that we have around us - computers and cell phones and so on? There were a bunch of ideas, and the good ones grew and prospered. And the bad ones were pretty ruthlessly weeded out (Tim Harford Quotes) Pluralism matters because life is not worth living without new experiences - new people, new places, new challenges. But discipline matters too; we cannot simply treat life as a psychedelic trip through a series of novel sensations (Tim Harford Quotes) People today don’t become economists to make the world a better place (Tim Harford Quotes) Failure is inevitable; it happens all the time in a complex economy (Tim Harford Quotes) We should not try to design a better world. We should make better feedback loops (Tim Harford Quotes) The more grotesque your boss’s pay and the less he has do to earn it, the bigger the motivation for you to work with the aim of being promoted to what he has (Tim Harford Quotes) Economists have allowed themselves to walk into a trap where we say we can forecast, but no serious economist thinks we can. You don’t expect dentists to be able to forecast how many teeth you’ll have when you’re 80. You expect them to give good advice and fix problems (Tim Harford Quotes) If the whole process of learning from failure means discarding stuff that’s not working, but in fact, our natural reaction is to keep going, to throw more money behind it, to throw more emotional energy behind it... that’s a real problem (Tim Harford Quotes) You show me a successful complex system, and I will show you a system that has evolved through trial and error (Tim Harford Quotes) Accepting trial and error means accepting error. It means taking problems in our stride when a decision doesn’t work out, whether through luck or misjudgment. And that is not something human brains seem to be able to do without a struggle (Tim Harford Quotes) There is much more to life than what gets measured in accounts. Even economists know that (Tim Harford Quotes)