Thought of the Day from Albert Einstein
The most incomprehensible thing about the world is that it is comprehensible.
The most incomprehensible thing about the world is that it is comprehensible.
In their book Animal Spirits, George Akerlof and Robert Shiller recount the intellectual battles waged between Milton Friedman and Paul Samuelson, two of the 20th century’s most important economists. Friedman was a huge believer in the power of markets, and in consumers’abilities to make rational decisions. Samuelson also recognized the power of markets, but thought…
The facts seem indisputable. After a courageous battle against cancer, Lance Armstrong inspired millions of people – bike aficionados and those who don’t know a pelleton from a crouton – by winning the Tour de France an unprecedented seven times in a row. As one of the millions who have been inspired by Lance –…
I have been pulling a lot of quotes, recently, from Andrew Solomon’s Far From the Tree. The book is wonderful, although too long. It could have used a more aggressive editor. Nevertheless, it is chock full of great stories and great ideas. Here is a Solomon quote I feel compelled to share, which captures how…
I recently quoted a couple sentences from Mann’s provocative article on the energy industry. Here is another gem I thought I’d pass on: To ask utilities to take in large amounts of solar power–electricity generated by hundreds or thousands of small installations, many on neighborhood roofs and lawns, whose output is affected by clouds–is like…
An article from The Economist last April explored Margaret Thatcher’s influence on government spending in Britain during her tenure as prime minister. The magazine published a very interesting graphic, showing the rise of government spending in five countries. I thought I would reproduce the picture for you here, because it illustrates some fascinating issues: First, at…
One of the more useful phenomena employed in psychological research is what’s known as “priming.” This idea is simple: get a thought into people’s heads, and it lingers, thereby affecting future thoughts. Hold a cup of hot tea while riding an elevator, and the next person you meet might seem to have a warmer personality!…