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.
A capacity and taste for reading gives access to whatever has already been discovered by others.
I notice that young men go to the universities in order to become doctors or philosophers or anything, so long as it is a title, and that many go in for those professions who are utterly unfit for them, while others who would be very competent are prevented by business or their daily cares, which keep them away from letters.
Research shows us that children who are read to from a very early age are more likely to begin reading themselves at an early age. They're more likely to excell in school. They're more likely to graduate secondary school and go to college.
I went through withdrawal when I got out of graduate school. It's what you learn, what you think. That's all that counts.
I preferred the simplest vocabulary.
I should think I'm going to be a perpetual student.
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