Wow, this is the 3,000th blog entry! That means, good or bad, I have written and posted 2,999 entries before this one. Many blog entries are short and take minutes (sometimes 10-20 minutes) to research, write, and post. Mind you, even the short blog entries are meant to meet the same writing standard I laid out here. Some entries take longer to research and add some cool audio/video contents. And I’ve known to spent hours on doing the needed research to write just one sentence with proper supports/grounds.
Another priceless bonus in my blogging is the many new friends I’ve made as a result. I have not had the pleasure to meet many of these blog/virtual friends yet. But I have talked to some over Skype/phone. And then some, through my work in interviewing them, have become closer friends.
Thanks to my blog friend Eva’s suggestion, I have created a video for this post. Allow me to sandwich the video between two quotes I love. I hope you will enjoy the short video and the quotes.
“The reasonable man adapts himself to the world; the unreasonable man persists in trying to adapt the world to himself. Therefore, all progress depends on the unreasonable man.” – George Bernard Shaw
Academic economists gather in Atlanta this weekend for their annual meetings, always held the first weekend after New Year’s Day. That’s not only because it coincides with holidays at most universities. A post-holiday lull in business travel also puts hotel rates near the lowest point of the year.
Economists are often cheapskates.
The economists make cities bid against each other to hold their convention, and don’t care so much about beaches, golf courses or other frills. It’s like buying a car, explains the American Economic Association’s secretary-treasurer, John Siegfried, an economist at Vanderbilt University.
“When my wife buys a car, she seems to care what color it is,” he says. “I always tell her, don’t care about the color.” He initially wanted a gray 2007 Mercury Grand Marquis, but a black one cost about $100 less. He got black.
Some of the world’s most famous economists were famously frugal. After a dinner thrown by the British economic giant John Maynard Keynes, writer Virginia Woolf complained that the guests had to pick “the bones of Maynard’s grouse of which there were three to eleven people.” Milton Friedman, the late Nobel laureate, routinely returned reporters’ calls collect.
Children of economists recall how tightfisted their parents were. Lauren Weber, author of a recent book titled, “In Cheap We Trust,” says her economist father kept the thermostat so low that her mother threatened at one point to take the family to a motel. “My father gave in because it would have been more expensive,” she says.