One of the most outstanding economists of our times Prof Samuelson died on Sunday at the age of 94.It is a great loss to all students and teachers of economics .
Prof Samuelson was responsible for making MIT an outstanding place to learn and teach Economics.
He once said about inflation "In the good olden days we used to go to market with money in our pockets and come home with food in the baskets;
Nowadays people go to market with money in the baskets and come home with food in their pockets"
We have seen in television women carrying money in the baskets and going to markets in Zimbabwe where hyper inflation crossed 24000%.
He once commented on the population explosion in developing countries like India "in future before an aircraft lands the pilot will have to make an extra announcement that you are now going to land in a city where you have only standing room!"
Richard Dawkins is an Idiot
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I think Dawkins is an idiot. But then in his defense we have to admit that
every one of us is an idiot in the same sense that I judge him to be an
idiot in...
4 days ago
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