Quote, Unquote

Economic theory as derived from Adam Smith assumes first that homo economicus acts with perfect optimality on complete information, and second that when many of the species homo economicus do that, their actions add up to the best possible outcome for everybody. Neither of these assumptions stands up long against the evidence.
~ Donella Meadows

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Quote, Unquote

If you’ve taken a college tour lately, either as an applicant or as the parent of an applicant, you may have noticed that at some point—usually as you’re on the death march from the aquatic center to the natural-sciences complex—the tour guide will spin smartly on her heel, do the college-tour-guide thing of performatively walking backwards, and let you in on something very important. “What’s different about College X,” she’ll say confidently, “is that our professors don’t teach you what to think. They teach you how to think.”
~ Caitlin Flanagan via The Atlantic

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