Words of Wisdom

eruispooky Happiness will never come to those who fail to appreciate what they already have

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The intuitive mind is a sacred gift and the rational mind is a faithful servant.We have created a society that honors the servant and has forgotten the gift.

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It is human nature that self-interest shapes judgments of fairness. ~ Joseph E. Stiglitz

A lack of failures means you are not taking enough risks. ~ Joseph E. Stiglitz

Messaging that appeals to feelings is often more effective than appeals to reason. ~ Joseph E. Stiglitz

More broadly, not only are workers happier in workplaces that treat them well�Xincluding during downturns�Xbut productivity is enhanced. ~ Joseph E. Stiglitz

Throughout history the economies that have flourished are those where a man��s word is his honor, where a handshake is a deal. ~ Joseph E. Stiglitz

Individuals can often be better motivated by intrinsic rewards �X by the satisfaction of doing a job well �X than by extrinsic rewards (money). ~ Joseph E. Stiglitz

Everything will be alright in the end, and if it is not alright, it is not the end.

Individuals say they are working so hard for the family, but as they work so hard there is less and less time for the family, and family life deteriorates. ~ Joseph E. Stiglitz

The poor borrow at great cost and stay poor. The busy [the time-poor] postpone when they have little time only to become busier. ~ economist Sendhil Mullainathan and psychologist Eldar Shafir

Highly paid labour is generally efficient and therefore not dear labour. ~ Alfred Marshall

It��s one thing to win in a ��fair�� game. It��s quite an-other to be able to write the rules of the game�Xand to write them in ways that enhance one��s prospects of winning.

Monopolists are not good innovators.

The art of taxation consists in so plucking the goose as to obtain the largest amount of feathers with the least possible amount of hissing. ~ Jean-Baptiste Colbert, the adviser to King Louis XIV of France