Feb. 17th, 2017

timelets: (Default)
Friends, Romans, countrymen, lend me your ears;
I come to bury Caesar, not to praise him.
The evil that men do lives after them;
The good is oft interred with their bones;
So let it be with Caesar. The noble Brutus
Hath told you Caesar was ambitious:
If it were so, it was a grievous fault,
And grievously hath Caesar answer'd it.
Here, under leave of Brutus and the rest--
For Brutus is an honourable man;
So are they all, all honourable men--
Come I to speak in Caesar's funeral.
He was my friend, faithful and just to me:
But Brutus says he was ambitious;
And Brutus is an honourable man.
He hath brought many captives home to Rome
Whose ransoms did the general coffers fill:
Did this in Caesar seem ambitious?
When that the poor have cried, Caesar hath wept:
Ambition should be made of sterner stuff:
Yet Brutus says he was ambitious;
And Brutus is an honourable man.
You all did see that on the Lupercal
I thrice presented him a kingly crown,
Which he did thrice refuse: was this ambition?
Yet Brutus says he was ambitious;
And, sure, he is an honourable man.
I speak not to disprove what Brutus spoke,
But here I am to speak what I do know.
You all did love him once, not without cause:
What cause withholds you then, to mourn for him?
O judgment! thou art fled to brutish beasts,
And men have lost their reason. Bear with me;
My heart is in the coffin there with Caesar,
And I must pause till it come back to me.
First Citizen
Methinks there is much reason in his sayings.
Second Citizen
If thou consider rightly of the matter,
Caesar has had great wrong.
Third Citizen
Has he, masters?
I fear there will a worse come in his place.

timelets: (Default)
I wonder how the Congress is going to work with Trump on healthcare and economic reforms. Should proposed reforms succeed, Trump will claim the success for himself. Should the reforms fail, Trump will blame the Congress. At this point, everybody is trying to avoid responsibility, e.g. by extending ACA (Obamacare) into 2018 until a replacement is ready.
timelets: (Default)
Пока мы тут Шекспира изучаем и цитируем, пожилые советские люди тоже приобщаются к сокровищам английского языка:
Моя 77-ти летняя мама сказала: "Стоило 15 лет учить английский ради того, чтоб послушать сегодняшнюю прессконференцию Трампа."

Although, even foxnews knows that "this president keeps telling untrue things."


Feb. 17th, 2017 08:00 pm
timelets: (Default)
Самая главная проблема Америки в том, что нет людей заинтересованных в решении двух фундаментальных проблем общества: пенсии (Social Security) и здравоохранение (Medicare). Обе проблемы решаются привлечением в страну большого количества хорошо образованных, деловых молодых людей со всего мира. С самого начала благосостояние Америки было построена на активном привлечении иммиграции и социальной мобильности молодежи. А все, что пока предлагает Трамп, делает страну более изолированной, более старой, и менее образованной. Перераспределение доходов в сторону внутреннего бизнеса и ослабление экологических законов проблемы не решает, потому что не меняет демографическую ситуацию. Времена Рейгана прошли. Увы.
timelets: (Default)
I advance the hypothesis here that technical change in general can be ascribed to experience, that it is the very activity of production which gives rise to problems for which favorable responses are selected over time.
I therefore take instead cumulative gross investment (cumulative production of capital goods) as an index of experience. Each new machine produced and put into use is capable of changing the environment in which production takes place, so that learning is taking p!ace with continually new stimuli. This at least makes plausible the possibility of continued learning in the sense, here, of a steady rate of growth in productivity.

The Economic Implications of Learning by Doing
Author(s): Kenneth J. Arrow
Source: The Review of Economic Studies, Vol. 29, No. 3 (Jun., 1962), pp. 155-173

The distinguishing feature of the technology as an input is that it is neither a conventional good nor a public good; it is a non-rival, partially excludable good.

The main conclusions are that the stock of human capital determines the rate of growth, that too little human capital is devoted to research in equilibrium, that integration into world markets will increase growth rates, and that having a large population is not sufficient to generate growth.


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