Too many years away from academia renders you pretty incompetent at research and teaching. So I had to go back.
Interpretation
Engaging with academia periodically is essential to maintain competency in research and teaching.
Raghuram Rajan emphasizes the importance of staying connected to academia, suggesting that a prolonged absence can lead to a decline in one's ability to conduct research and teach effectively. This highlights the dynamic nature of knowledge and the necessity of continual learning and interaction within the academic field.
In practice
This quote can be shared during a university seminar to stress the importance of continuous education.
The U.S. should worry about the effects of its polices on the rest of the world. We would like to live in a world where countries take into account the effect of their policies on other countries and do what is right, broadly, rather than what is just right given the circumstances of that country.
Customers often value a good more when its price goes up. One reason may be its signaling value. An expensive handcrafted mechanical watch may tell time no more accurately than a cheap quartz model; but, because few people can afford one, buying it signals that the owner is rich.
The problem with forbearance is that it always looks like a good thing to do until it stops working.
Perhaps the hardest challenge has been to persuade the public, impatient for rapid growth, of the need to ensure stability first. Growth, it is argued, is always more important, regardless of the looming economic risks.
The gap in India has always been between the promise and the execution.
Democratic accountability means that governments must be popularly accepted, with citizens empowered to replace corrupt or incompetent rulers.
I tell my students that the single most powerful thing that we have in this country - something that literally harbors no dissent and no questioning - is the all-powerful elite narrative.
An educational foundation is only part of the equation. In order for creativity to flourish and imagination to take hold, we also need to expose our children to the arts from a very young age.
They teach in academies far too many things, and far too much that is useless.
All the movements of our body are not merely those dictated by impulse or weariness; they are the correct expression of what we consider decorous. Without impulses, we could take no part in social life; on the other hand, without inhibitions, we could not correct, direct, and utilize our impulses.
Graduation is not the conclusion of an achievement but simply the ending of one chapter and the beginning of another chapter
I always individuate myself from other writers who say they would die if they couldn't write. For me, I'd die if I couldn't read.
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