Real Business Cycle

Famous quotes containing the words real, business and/or cycle:

    “When I read of the vain discussions of the present day about the Virgin Birth and other old dogmas which belong to the past, I feel how great the need is still of a real interest in the religion which builds up character, teaches brotherly love, and opens up to the seeker such a world of usefulness and the beauty of holiness.”
    —Olympia Brown (1835–1900)

    “In the United States all business not transacted over the telephone is accomplished in conjunction with alcohol or food, often under conditions of advanced intoxication. This is a fact of the utmost importance for the visitor of limited funds ... for it means that the most expensive restaurants are, with rare exceptions, the worst.”
    —John Kenneth Galbraith (b. 1908)

    “The cycle of the machine is now coming to an end. Man has learned much in the hard discipline and the shrewd, unflinching grasp of practical possibilities that the machine has provided in the last three centuries: but we can no more continue to live in the world of the machine than we could live successfully on the barren surface of the moon.”
    —Lewis Mumford (1895–1990)