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Majors Quotes

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Majors Quotes

“...a major triumph of mathematical imagination: the use of visual imagery to condense a large quantity of information into a single comprehensible picture... Mathematicians are just beginning to understand these basic building blocks of change and to analyze how they combine. The methodology involved has a very different spirit from traditional modeling with differential equations: it is more like chemistry than calculus, requiring careful counterpoint between analysis and synthesis.”

“The global financial crisis is a great opportunity to showcase and propagate both causal and moral institutional analysis. The crisis shows major flaws in the way the US financial system is regulated and, more importantly, in our political system, which is essentially a bazaar of legalized bribery where financial institutions can buy themselves the governmental regulations they want, along with the regulators who routinely receive lucrative jobs in the industry whose oversight had formerly been their responsibility, the so-called revolving-door practice.”