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Quote of the Week

Quote of the Week: John Micklethwait and Adrian Wooldridge

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“Dani Rodrik argues that modern nation-states confront a trilemma: They cannot simultaneously pursue democracy, national self-determination, and economic globalization.” 

 - John Micklethwait and Adrian Wooldridge in their latest book, The Fourth Revolution, The Global Race to Reinvent the State.  John Micklethwait is the Editor-in-Chief of The Economist magazine while Adrian Wooldridge is the Management Editor and also writes the Schumpeter column.
 

Quote of the Week: Yuval Noah Harari

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"Everybody since the ‘60s has been saying the nation is a fiction, the nation is an imaginary unity, but people didn’t connect the dots and say all human endeavors sprang from the same principle.” 

- Yuval Noah Harari, author of the international bestseller Sapiens. He is a professor and lectures at the Department of History, Faculty of Humanities, Hebrew University of Jerusalem.

Quote of the Week: Raghuram Rajan

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Central bankers have had enormous responsibilities thrust on them to compensate, essentially, for the failings of the political system. And my worry is we don’t have sufficient tools to do that, but we’re not willing to say it. And, as a result, we push as hard as we can on the existing tools, and they may create more risk in the system.” 

- Raghuram Rajan, Governor of the Reserve Bank of India since 4 September 2013. Prior to his post at the Reserve Bank of India, Rajan was chief economic adviser to India's Ministry of Finance in 2012 and chief economist at the International Monetary Fund from 2003 to 2007.
 

Quote of the Week: Barack Obama

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"And so the good news -- and we heard this in the summit -- is that more and more countries are recognizing that in the absence of good governance, in the absence of accountability and transparency, that’s not only going to have an effect domestically on the legitimacy of a government, it’s going to have an effect on economic development and growth.  Because ultimately, in an information age, open societies have the capacity to innovate and educate and move faster and be part of the global marketplace more than closed societies do over the long term.  I believe that."

-Barack Obama, President of the United States, speaking August 6, 2014 at a Press Conference after U.S.-Africa Leaders Summit

Quote of the Week: Michael Ignatieff

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“Separatist politicians, desiring to be presidents or prime ministers of little countries, force their fellow citizens to make choices that they should not have to make between identities that they have combined, each in their own unique way, and now watch being ripped apart – one portion of themselves flung on one side of a border, a damaged remnant on the other."

- Michael Ignatieff, writing about a possible secession of Scotland from the United Kingdom. On September 18, 2014 Scots will vote on independence in a referendum.  Ignatieff is a Canadian author, academic, and former politician. In addition to leading the Liberal Party and the Official Opposition of Canada from 2008 until 2011, he has held senior academic posts at the universities of Cambridge, Oxford, Harvard and Toronto.

Quote of the Week: Zhang Lei

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"You need to have the ability to delay gratification. You have to focus and you have to have a clear mind.”

- Zhang Lei, Chairman and CEO of Hillhouse Capital Management, one of the largest equities investment firms in Asia, speaking on his longterm investment strategy.  Hillhouse, based in Beijing, typically invests in consumer, internet and media, medical treatment and healthcare, advanced manufacturing and commodity related sectors and manages $10 billion for leading endowments, sovereign funds, pensions and family offices.  Zhang also serves as a board member for several Asian companies, including Jingdong (formerly 360Buy), Blue Moon, Qunar and MNC/Global Mediacom. 
 

Quote of the Week: Junot Diaz

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"I believe wholeheartedly that the experience of reading powerfully invites the reader to reach out to other people, to form community when they encounter language that they do not understand.”

- Junot Diaz, a Dominican-American writer and author of critically acclaimed DrownThe Brief Wondrous Life of Oscar Wao, which won the 2008 Pulitzer Prize and the National Book Critics Circle Award; and This Is How You Lose Her, a New York Times bestseller. The duality of the immigrant experience is central to Díaz's writing.  He is also a creative writing professor at Massachusetts Institute of Technology and fiction editor at Boston Review.  
 

Quote of the Week: George R.R. Martin

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"An artist has an obligation to tell the truth. [...] that the true horrors of human history derive not from orcs and Dark Lords, but from ourselves. We are the monsters. (And the heroes too). Each of us has within himself the capacity for great good, and great evil."

George R. R. Martin, an American novelist and author of the international bestselling series of epic fantasy “Song of Ice and Fire,”  that HBO adapted for its dramatic series Game of Thrones.

Quote of the Week: Prince Charles

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“What I have been trying to remind people of for the past 40 years is that you can’t operate an entire conventional system, whether it’s economics, business or the way we live and surround ourselves, what we eat, without recognizing that there are severe negative externalities that are not being accounted for.”

 - Prince Charles, the eldest child and heir apparent of Queen Elizabeth II, the constitutional monarch of the Commonwealth of Nations. Prince Charles is a proponent of organic farming and has sought to raise awareness of environment degradation and its consequences. His 2010 book, Harmony: A New Way of Looking at Our World, which focuses on climate change, architecture, and agriculture, won the Nautilus Book Award.
 

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