87 books
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156 voters
Patrick Lu 嘉泺
https://www.goodreads.com/patricklu
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Only he will deserve the name of man and can count upon anything prepared for him from Above, who has already acquired corresponding data for being able to preserve intact both the wolf and the sheep confided to his care.
“You know how the sun rises and sets at a certain time each day? In the same way, all of our lives have a day and night. But it's not set like it is with the sun. Some people walk forever in the sunlight, and some people have to walk through the darkest night their whole lives. When people talk about being afraid, what they're afraid of is that their sun will set. That the light they love will fade.”
― Journey Under the Midnight Sun
― Journey Under the Midnight Sun
“The master-economist must possess a rare combination of gifts .... He must be mathematician, historian, statesman, philosopher—in some degree. He must understand symbols and speak in words. He must contemplate the particular, in terms of the general, and touch abstract and concrete in the same flight of thought. He must study the present in the light of the past for the purposes of the future. No part of man's nature or his institutions must be entirely outside his regard. He must be purposeful and disinterested in a simultaneous mood, as aloof and incorruptible as an artist, yet sometimes as near to earth as a politician.”
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“Lenin is said to have declared that the best way to destroy the Capitalist System was to debauch the currency. By a continuing process of inflation, governments can confiscate, secretly and unobserved, an important part of the wealth of their citizens. By this method they not only confiscate, but they confiscate arbitrarily; and, while the process impoverishes many, it actually enriches some.”
― The Economic Consequences of the Peace
― The Economic Consequences of the Peace
“One of the first things which impress the traveller in China is the extremely simple diet of the people.”
― Chinese Characteristics
― Chinese Characteristics
“If a model did anything too obviously bizarre—flooded the Sahara or tripled interest rates—the programmers would revise the equations to bring the output back in line with expectation. In practice, econometric models proved dismally blind to what the future would bring, but many people who should have known better acted as though they believed in the results. Forecasts of economic growth or unemployment were put forward with an implied precision of two or three decimal places. Governments and financial institutions paid for such predictions and acted on them, perhaps out of necessity or for want of anything better. Presumably they knew that such variables as “consumer optimism” were not as nicely measurable as “humidity” and that the perfect differential equations had not yet been written for the movement of politics and fashion. But few realized how fragile was the very process of modeling flows on computers, even when the data was reasonably trustworthy and the laws were purely physical, as in weather forecasting.”
― Chaos: Making a New Science
― Chaos: Making a New Science
Patrick Lu’s 2025 Year in Books
Take a look at Patrick Lu’s Year in Books, including some fun facts about their reading.
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