Self-deception ultimately explains Japan's plight. The Japanese have never accepted that change is in their interest - and not merely a response to U.S. criticism.
Interpretation
Self-deception hinders Japan's ability to adapt to necessary changes for progress.
In this quote, Paul Samuelson suggests that Japanβs struggles can be attributed to a deep-seated self-deception regarding change. He argues that the Japanese have not fully acknowledged that embracing change is beneficial for their own development, viewing it only as a reaction to external criticism rather than a proactive step towards improvement.
In practice
During a conference on economic growth, one might reference this quote to emphasize the importance of embracing change.
To a person of analytical ability, perceptive enough to realise that mathematical equipment was a powerful sword in economics, the world of economics was his or her oyster in 1935. The terrain was strewn with beautiful theorems begging to be picked up and arranged in unified order.
I can't think of a president who has been overburdened by a knowledge of economics.
My belief is that nothing that can be expressed by mathematics cannot be expressed by careful use of literary words.
Politicians like to tell people what they want to hear - and what they want to hear is what won't happen.
My family was well off but not rich. I spent the four years I was an undergraduate working on the beach. And it wasn't because I was lazy; it was because my freshman class would go to a hundred different employers and wouldn't get a nibble. That was a disequilibrium system. I realized that the ordinary old-fashioned Euclidean geometry didn't apply.
Economics has never been a science - and it is even less now than a few years ago.
You see people who are still there doing things but their souls have disappeared so there's no joy in it anymore, so I'm scared of not listening to the part of me that knows when it's time to stop something and start something new.
We ought to approach this challenge [of global warming] with a sense of profound joy and gratitude: that we are the generation about which, a thousand years from now, philharmonic orchestras and poets and singers will celebrate by saying, they were the ones that found it within themselves to solve this crisis and lay the basis for a bright and optimistic human future.
No country can ever truly flourish if it stifles the potential of its women and deprives itself of the contributions of half of its citizens.
We can look forward to the day when the free flow of trade, from the southern reaches of Tierra del Fuego to the northern outposts of the Arctic Circle, unites the people of the Western Hemisphere in a bond of mutually beneficial exchange, when all borders become what the U.S.-Canadian border so long has been: a meeting place, rather than a dividing line.
Are thing really gettin' better like the newspaper said/What else is new my friend, besides what I read/Can't find no work, can't find no job my friend/Money is tighter than it's ever been/Say man, I just don't understand/What's going on across this land
Effective tidying involves only three essential actions. All you need to do is take the time to examine every item you own, decide whether or not you want to keep it, then choose where to put what you keep. Designate a place for each thing.
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