Age Quotes - page 80
For a period of roughly 35 years, Keynesian theory provided a central paradigm for macroeconomists, and considerable progress was made on several empirical fronts. It was widely recognized that some of the ingredients of Keynesian economics (e.g. money illusion and/or nominal wage rigidity) rested on slender to non-existent microtheoretic foundations; and there were always dissenters. But, thought of as a collection of empirical regularities that fit together into a coherent whole, the theory worked tolerably well. In the 1970s, however, the Keynesian paradigm was rejected by a great many academic economists, especially in the United States, in favour of what we now call new classical economics. By about 1980, it was hard to find an American academic macroeconomist under the age of 40 who professed to be a Keynesian. That was an astonishing intellectual turnabout in less than a decade, an intellectual revolution for sure.
Alan Blinder
I am not superstitious, but the first time I saw this medal, bearing the venerated likeness of John Calvin, I kissed it, imagining that no one saw the action. I was very greatly surprised when I received this magnificent present, which shall be passed round for your inspection. On the one side is John Calvin with his visage worn by disease and deep thought, and on the other side is a verse fully applicable to him: ‘He endured, as seeing Him who is invisible.'
This sentence truly describes the character of that glorious man of God. Among all those who have been born of women, there has not risen a greater than John Calvin; no age, before him ever produced his equal, and no age afterwards has seen his rival. In theology, he stands alone, shining like a bright fixed star, while other leaders and teachers can only circle round him, at a great distance - as comets go streaming through space - with nothing like his glory or his permanence.
Charles Spurgeon