Share this sentence
— Douglass North"Economists have the correct insight that economics is a theory of choice, the key to the story is the variety of options and centralised political control limits the options. The best recipe is adaptive efficiency coping with novel uncertainty in a non-ergodic world, the maintenance of institutions which enable trial & error experiment to occur, and an effective means of eliminating unsuccessful solutions"
Discover more quotes
Previous Quote
It certainly would have been adaptive for ancestral man to have a chubby wife during stressful times of famine. Not only would she have had more calories to burn, and thus more energy and endurance, but since fat stores estrogen, she would have remained fertile for longer.
— Helen Fisher
Next Quote
As you begin to realize that every different type of music, everybody's individual music, has its own rhythm, life, language and heritage, you realize how life changes, and you learn how to be more open and adaptive to what is around us.
— Yo-Yo Ma
Loading recommended content...