Sign in with Facebook
23 books
—
11 voters
Michael
is currently reading
Reading for the 2nd time
progress:
(page 24 of 160)
""In crowds the foolish, ignorant and envious persons are freed from the sense of their insignificance and powerlessness, and are possessed instead by the notion of brutal and temporary but immense strength."" — Aug 16, 2017 03:56AM
""In crowds the foolish, ignorant and envious persons are freed from the sense of their insignificance and powerlessness, and are possessed instead by the notion of brutal and temporary but immense strength."" — Aug 16, 2017 03:56AM
“Management by drive, like management by ‘bellows and meat ax,’ is a sure sign of confusion. It is an admission of incompetence. It is a sign that management does not know how to plan. But, above all, it is a sign that the company does not know what to expect of its managers – that, not knowing how to direct them, it misdirects them.”
― The Essential Drucker
― The Essential Drucker
“The writing of contemporary history can be among the most treacherous of ambitions. Everybody knows we never appreciate what we have till it’s gone; that the owl of Minerva flies at dusk; that familiarity breeds contempt; and so forth.”
―
―
“Today it is generally accepted that much of what passes as Keynesian thought is not so much the work of Keynes himself as that of his popularizers. Other economists tend to see their own reflection in the works of Keynes. The General Theory of Employment, Interest, and Money (London,1936) has become a Procrustean bed whereby authors trim or stretch Keynes to suit their own purposes.”
―
―
“Most people do not pretend to be physicists. Few of us doctor our own illnesses. When we have to cope with the problems of physics or chemistry, we call in the experts. But we all feel that we are economists...the point is that only rarely does the man in the street admit to ignorance on matters of economic policy.”
―
―
“But a theory is not like an airline or bus timetable. We are not interested simply in the accuracy of its predictions. A theory also serves as a base for thinking. It helps us to understand what is going on by enabling us to organize our thoughts. Faced with a choice between a theory which predicts well but gives us little insight into how the system works and one which gives us this insight but predicts badly, I would choose the latter, and I am inclined to think that most economists would do the same.”
― Essays on Economics and Economists
― Essays on Economics and Economists
Michael’s 2025 Year in Books
Take a look at Michael’s Year in Books, including some fun facts about their reading.
1,742 books
|
274 friends
796 books
|
657 friends
4,546 books
|
805 friends
340 books
|
69 friends
1,484 books
|
575 friends
1,001 books
|
126 friends
185 books
|
17 friends
18 books
|
322 friends
More friends…
Polls voted on by Michael
Lists liked by Michael
