Too many years away from academia renders you pretty incompetent at research and teaching. So I had to go back.
Interpretation
Engaging with academia periodically is essential to maintain competency in research and teaching.
Raghuram Rajan emphasizes the importance of staying connected to academia, suggesting that a prolonged absence can lead to a decline in one's ability to conduct research and teach effectively. This highlights the dynamic nature of knowledge and the necessity of continual learning and interaction within the academic field.
In practice
This quote can be shared during a university seminar to stress the importance of continuous education.
The U.S. should worry about the effects of its polices on the rest of the world. We would like to live in a world where countries take into account the effect of their policies on other countries and do what is right, broadly, rather than what is just right given the circumstances of that country.
Customers often value a good more when its price goes up. One reason may be its signaling value. An expensive handcrafted mechanical watch may tell time no more accurately than a cheap quartz model; but, because few people can afford one, buying it signals that the owner is rich.
The problem with forbearance is that it always looks like a good thing to do until it stops working.
Perhaps the hardest challenge has been to persuade the public, impatient for rapid growth, of the need to ensure stability first. Growth, it is argued, is always more important, regardless of the looming economic risks.
The gap in India has always been between the promise and the execution.
Democratic accountability means that governments must be popularly accepted, with citizens empowered to replace corrupt or incompetent rulers.
Too often we forget that discipline really means to teach, not to punish. A disciple is a student, not a recipient of behavioural consequences.
They're fancy talkers about themselves, writers. If I had to give young writers advice, I would say don't listen to writers talking about writing or themselves.
The studious silence of the library ... Thought is the thought of thought. Tranquil brightness.
Our message to parents is to focus on the process the child engages in, such as trying hard or focusing on the task - what specific things they're doing rather than, 'You're so smart. You're so good at this.' Although it's never too late to change, what you do early matters.
Doctrina sed vim promovet insitam. Instruction enlarges the natural powers of the mind.
We cannot afford to lose talented young black people, who make it to university, overseas, or worse, to let other talented black people be put off by the notion that university is somehow not for them.
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