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Some of my favorite parts of the book are the following compelling quotes author Mark Goulston includes throughout the book: Good management is the art of making problems so interesting and their solutions so constructive that everyone wants to get to work and deal with them. Paul Hawken Don''t be afraid of sharing your vulnerabilities. .
Compared with my colleague, I had accomplished so little over such a long career; my two measly books were more like an embarrassment, given his output. Robert Merton was 46 when he won the award. Merton had the office on the other side of my office. Bob Merton was as gracious and supportive as the colleague I mentioned earlier.
Chance plays a much greater role in our careers than we might wish or even realize. But the downside — the thought of our careers as the playthings of fate — is almost unbearable. If you imagine a game of “career roulette,” you end up a starving artist 99 times for every time you end up a rockstar.
In slightly more formal terms, Id suggest that they were able to take on, at least in tiny part, five of Robert Merton and Zvi Bodies six standard functions of a financial system: settling payments, providing information, setting incentives, pooling resources, and transferring resources.
I was thinking about that story by Thomas Merton during a recent board meeting. Early on in our careers, we might speak up without concern or context. It was said of Abbot Agatho that for three years he carried a stone in his mouth until he learned to be silent. The CEO and CFO were marching through their 112-slide presentation.
Ask them if they apply much else from else from economics in their actual business careers, and you’re likely to hear “not much.”. Only the one I assert in my book Trillion Dollar Economists , that business managers may want to pay a bit more attention to the scribbling of academic economists. Here a few notable examples.
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