'There are no easy pickings.' That would be a more accurate, less dramatic statement than 'There's no such thing as a free lunch.'
Interpretation
Nothing worthwhile comes without effort; you cannot gain something for nothing.
This quote emphasizes the principle that achieving success or obtaining benefits typically requires hard work and sacrifice. Paul Samuelson underscores the idea that while the phrase 'There's no such thing as a free lunch' suggests a more dramatic interpretation, the reality is that true rewards come from dedicated effort, reinforcing the value of hard work and realistic expectations in life and economics.
In practice
During a motivational speech about the importance of hard work.
To a person of analytical ability, perceptive enough to realise that mathematical equipment was a powerful sword in economics, the world of economics was his or her oyster in 1935. The terrain was strewn with beautiful theorems begging to be picked up and arranged in unified order.
I can't think of a president who has been overburdened by a knowledge of economics.
My belief is that nothing that can be expressed by mathematics cannot be expressed by careful use of literary words.
Politicians like to tell people what they want to hear - and what they want to hear is what won't happen.
My family was well off but not rich. I spent the four years I was an undergraduate working on the beach. And it wasn't because I was lazy; it was because my freshman class would go to a hundred different employers and wouldn't get a nibble. That was a disequilibrium system. I realized that the ordinary old-fashioned Euclidean geometry didn't apply.
Economics has never been a science - and it is even less now than a few years ago.
These are the living springs of great thoughts and great actions. Everything grows clear in the reflections from the Infinite.
Like a tongue on frozen steel, like flesh in flame β
The beginning point at both conferences must be that everything is a woman's issue. That means racism in a woman's issue, just as is anti-Semitism, Palestinian homelessness, rural development, ecology, the persecution of lesbians, and the exploitative practices of global corporations.
If you don't read the newspaper, you're uninformed. If you read the newspaper, you're mis-informed.
Follow your passion, weβre often told. But how do you find your passion? Let me put it another way: what is it that breaks your heart about the world? Itβs there that you begin to find what moves you. If you want to find your passion, surrender to your heartbreak. Your heartbreak points towards a truer north β and itβs the difficult journey towards it that is, in the truest sense, no mere passing idyllic infatuation, but enduring, tempestuous passion.
You learn emotional experiences as much as you learn cognitive experiences, except that they are more unconscious. Sometimes one represses the cognitive component of it, but it's often more difficult to repress the emotional component.
Subscribe for the occasional hand-picked quote. No noise.