Saturday, November 15, 2014

Quote of the Day (George Stigler, on Planes, Time and Airports)

“If you never miss the plane, you're spending too much time in airports.” —Nobel-prizewinning economist George Stigler, quoted in Jordan Ellenberg, How Not to Be Wrong: The Power of Mathematical Thinking (2014)

But if you do miss the plane, you’re spending even more time in airports than you should. And more often than not, it’s bound to be stupid and unproductive.

See, that’s the trouble with economists—even those Nobel laureates such as the late George Stigler who are courted so shamelessly by universities. They ignore the obvious.

Anyway, I’m glad I didn’t miss either plane on my one-stop flight that took me home from vacation today. 

No comments: