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Digitally enabled supply chains initially increased efficiency and dramatically shortened lead times. Capital was mobile; labor, less so. Economic activity (production, research, design, etc.) moved to any accessible country or region that had relatively inexpensive labor and human capital. ”
There is no question that the recovery from the global recession triggered by the 2008 financial crisis has been unusually lengthy and anemic. ”
It is a wonderful and unexpected honor to receive the Bank of Sweden Prize in Economic Sciences in Memory of Alfred Nobel. Receiving this prize with Joseph Stiglitz and George Akerlof, whose work I have learned from and admired, makes it even more gratifying. ”
Sometimes I'm on a TV set, and I can't feel what I'm supposed to feel as that character because I've not worked my way up to that point. I think there's a bit more insecurity on a set - you've got to blag it, or you've got to do what you've been paid a lot of money to do in a very short space of time. ”
I was not proficient in Latin and so was not able to go to Oxford or Cambridge. However, I did enter the first-rate chemistry honours program at the University of Manchester in 1950, where the professors were E.R.H. Jones and M.G. Evans, and graduated in 1953, with the financial support of a Blackpool Education Committee Scholarship. ”
For an acquisitive Wall Streeter, the money saved by choosing a practical car can be put toward the cost of some pricier means of mobility - like a plane. ”
When religious believers invoke miracles and acts of creation ex nihilo, that is the end of the search for them, whereas for scientists, the identification of such mysteries is only the beginning. Science picks up where theology leaves off. ”
I enjoyed living in Chicago and doing plays for little or no money. I never actually thought that I would leave Chicago, originally. I wasn't one of those people that had a plan to pack up the van and drive out to Hollywood. I didn't want to. ”
Investors like to invest based on traction, so it's always better to raise money when you've got more traction than less. ”
It's very easy to do a fundraiser and spend a lot of money on food and venue and not raise any money. You really do need to twist people's arms into giving, even if they support you. ”