A few years ago, I had the good fortune of running across a first edition of Paul's textbook (not the recent reprint of the original text, but an actual 1948 edition). It was a real find. I bought the volume in an online auction for, if my recollection is correct, $35. Talk about consumer surplus! I would have gladly paid many times that. At the next Boston Fed meeting, I took the book along to get Paul to sign it. Below is the book's title page, along with Paul's gracious inscription.
Greg MankiwRelated topics
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Great nations write their autobiographies in three manuscripts the book of their deeds, the book of their words, and the book of their art. Not one of these books can be understood unless we read the two others; but of the three, the only quite trustworthy one is the last. The acts of a nation may be triumphant by its good fortune; and its words mighty by the genius of a few of its children: but its art, only by the general gifts and common sympathies of the race.
John Ruskin
The past is a curious thing. It's with you all the time. I suppose an hour never passes without your thinking of things that happened ten or twenty years ago, and yet most of the time it's got no reality, it's just a set of facts that you've learned, like a lot of stuff in a history book. Then some chance sight or sound or smell, especially smell, sets you going, and the past doesn't merely come back to you, you're actually IN the past. It was like that at this moment.
George Orwell
Consider the Koran... this wretched book was sufficient to start a world-religion, to satisfy the metaphysical need of countless millions for twelve hundred years, to become the basis of their morality and of a remarkable contempt for death, and also to inspire them to bloody wars and the most extensive conquests. In this book we find the saddest and poorest form of theism. Much may be lost in translation, but I have not been able to discover in it one single idea of value.
Arthur Schopenhauer
What did trust, cooperation, progressive taxation and the interventionist state bequeath to western societies in the decades following 1945? The short answer is, in varying degrees, security, prosperity, social services and greater equality. We have grown accustomed in recent years to the assertion that the price paid for these benefits-in economic inefficiency, insufficient innovation, stifled entrepreneurship, public debt and a loss of private initiative-was too high. Most of these criticisms are demonstrably false.
Tony Judt
Nowadays when a poet with one privately printed book can have his next three years taken care of by a Guggenheim fellowship, a Kenyon Review fellowship, and the Prix de Rome, it is hard to remember what chances the poet took in that small-town world, how precariously hand-to-mouth his existence was. And yet in one way the old days were better; [Vachel] Lindsay after a while, by luck and skill, got far more readers than any poet could get today.
Randall Jarrell
