“Most economists would concede that, in theory, government has the tools to smooth the business cycle. The problem is that fiscal policy is not made in theory; it's made in Congress.” — Charles Wheelan Copy Share Image
“Several studies of thousands of British civil servants (the Whitehall studies) have found that workers who have little control over their jobs—meaning they have… — Charles Wheelan Copy Share Image
“We’ve built a society that values civil liberties even at the expense of social order.” — Charles Wheelan Copy Share Image
“Is the journey still worthwhile if the mountain turns out to be enshrouded in fog at the top?” — Charles Wheelan Copy Share Image
“Here is one of the most important things to remember when doing research that involves regression analysis: Try not to kill anyone. You can… — Charles Wheelan Copy Share Image
“During the twentieth century, communist governments killed some 100 million of their own people in peacetime, either by repression or by famine.” — Charles Wheelan Copy Share Image
“Most economists would concede that, in theory, government has the tools to smooth the business cycle. The problem is that fiscal policy is not… — Charles Wheelan Copy Share Image
“In a basic agricultural society, it's easy enough to swap five chickens for a new dress or to pay a schoolteacher with a goat… — Charles Wheelan Copy Share Image
Being great involves luck, and unique circumstances, and a lot of other forces beyond your control. You can’t just make it happen by working… — Charles Wheelan Copy Share Image
“But it’s not perfect. The GPA does not reflect the difficulty of the courses that different students may have taken.” — Charles Wheelan Copy Share Image
Economics is like gravity: Ignore it and you will be in for some rude surprises. — Charles Wheelan Copy Share Image
“Recognize that your own motivation, ambition, and talents will determine your success more than the college name on your diploma.”8” — Charles Wheelan Copy Share Image
“When I applied to graduate school many years ago, I wrote an essay expressing my puzzlement at how a country that could put a… — Charles Wheelan Copy Share Image
