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The reason I feel bad for Steve Kloves is because he doesn't enjoy cutting things out. He's not sitting there with scissors, just laughing maniacally, going, "Ahahaha. " He doesn't like doing it. The stories mean so much to him. But it had to go. And David kept saying, "We're gonna try, we're gonna try, we're gonna try" all the way into the shoot until the very last days, when he said, "Sorry, it's just not gonna work. "

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Ronald Coase

In my youth it was said that what was too silly to be said may be sung. In modern economics it may be put into mathematics.

Economics, May, Silly, Sung, Youth
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I can't remember [of a good regulation]. Regulation of transport, regulation of agriculture — agriculture is a, zoning is z. You know, you go from a to z, they are all bad. There were so many studies, and the result was quite universal: The effects were bad

Agriculture, Bad, Know, Regulation, Study

If you torture the data long enough, it will confess.

Data, Knowledge, Long, Torture, Truth

Economics, over the years, has become more and more abstract and divorced from events in the real world. Economists, by and large, do not study the workings of the actual economic system. They theorize about it. As Ely Devons, an English economist, once said in a meeting: 'If economists wanted to study the horse, they wouldn't go around and look at horses. They'd sit in their studies and say to themselves, `What would I do if I were a horse?' '

Become, Horse, Real, Said, Years

A firm consist of the system of relationships which comes into existence when the direction of resources is dependent on an entrepreneur. . . As a firm gets larger, there may be decreasing returns to the entrepreneur function, that is, the costs of organizing additional transactions within the firm may rise.

Cost, Entrepreneur, Existence, Firm, May, Returns

Data can't speak for itself; it's up to you to give it a voice. Try to speak truthfully.

Data, Giving, Truthfully, Voice
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