Economists [according to Martin Wolf] used to discuss two basic concepts, capital and labor. But these are now commodities, widely available to everyone. What distinguishes economics today are ideas and energy. A country can prosper if it is a source of ideas or energy for the world.
—Fareed Zakaria
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I love Zakaria, he's such a thoughtful writer and speaker.
Posted by: Mike H | 17 May 2008 at 11:34
"What distinguishes economics today are ideas and energy. A country can prosper if it is a source of ideas or energy for the world."
Does "energy" here refer to human energy, of spirit or passion; or a physical commodity?
Posted by: smoothjim | 19 May 2008 at 05:48
The physical commodity.
Posted by: Optimist123 | 19 May 2008 at 15:38
"The physical commodity."
We are truly in deep, deep, trouble. The politicians are going to do their absolute damnedest to make sure that no energy is developed in the US.
Posted by: Fat Man | 09 June 2008 at 14:43