Lucas attended a conference on rational expectations at the University of Minnesota in the spring of 1973. The day after the conference, I received a call from Pittsburgh.

Lucas attended a conference on rational expectations at the University of Minnesota in the spring of 1973. The day after the conference, I received a call from Pittsburgh.

There was a danger that skeptics and opponents would misread those likelihood ratio tests as rejections of an entire class of models, which of course they were not.

The first and most optimistic response was complete rational expectations econometrics. A rational expectations equilibrium is a likelihood function. Maximize it.

In the 1980s, there were occasions when it made sense to say, 'it is too difficult to maximize the likelihood function, and besides if we do, it will blow our model out of the water.'

I think you've got to watch out for anybody in high school who says he wants to become an economist.

I wasn't the brightest kid, not by a long shot. I was interested in football, in girls, in getting my work done with the least amount of effort.

I'm happy to say I am a Harrison-Kreps-Keynesian.

Keynes was a very good economist. He was brilliant. He had wonderful insights. His work has inspired me many times.

What I really don't like is oversimplification.

I did work out every day. I needed it to have the endurance to do what needed to be done and not get hurt. I have such a new respect for action stars now.

I mean the only thing that is hopefully good about us is after the arguments we can actually still face each other the next day or the day after and talk about something else and sort of get over it.

My favorite singer to this day is Nat King Cole. I've tried to emulate his phrasing. It is so absolutely beautiful to listen to his lovely voice.

I want to have babies one day but not right now. When I do it I want to do it really well. I want it to be my best project in life.

I think I've become a much better singer and a much better player. Years and years of playing a couple of hours every day will do that.

I am tomorrow, or some future day, what I establish today. I am today what I established yesterday or some previous day.

I just wrote one song at a time. Kinda like an alcoholic. One day at a time.

Working mothers do an hour more per day than working fathers do and working mothers do on average an hour more per day with the kids than working fathers do.

When it is time to get to work, I go away completely and don't do anything except the work. And that can be 16 hours a day.

George Pal had total control, and he was there on the set every day. You never met a more charming man in your entire lifetime - what a lovely gentleman.

I'll tell you what I did need to learn was tolerance, and I think I've been actually given a daily opportunity to practice that, and it's - it's - and I know that that sounds almost like a backhanded slap, and it is in a way because I haven't been successful at it every day.

Since the beginning, I always loved the game. When you grow up in Montreal, one day you want to be a professional hockey player. When I was six or seven, I knew that was what I wanted.

Depending on what day of the week it is and what time of the month it is, I'm a good friend or not a good friend. I'm more or less a good mom or not a good mom, more or less a good mate or not a good mate. That's just life, whether or not you're public.

Even if you walk exactly the same route each time - as with a sonnet - the events along the route cannot be imagined to be the same from day to day, as the poet's health, sight, his anticipations, moods, fears, thoughts cannot be the same.

A play is much easier to maintain your personal life with because if you're rehearsing, you're working like from 11 to 6 or 11 to 5 and you get to have your whole morning and your whole evening. When you're doing the play, you have all day.

I'd like to one day play Amanda, the mother, in The Glass Menagerie.

Even a stopped clock is right twice a day.

I'm working harder than ever now, and I'm putting on my pants the same as I always have. I just get up every day and try to do a little better than the day before, and that is to run a great restaurant with great food, great wine, and great service. That's my philosophy.

Failure happens all the time. It happens every day in practice. What makes you better is how you react to it.

The day cold and fair with a high easterly wind: we were visited by two Indians who gave us an account of the country and people near the Rocky mountains where they had been.

Color is my day-long obsession, joy and torment.

The Pawnee chief had left the village the day after the doctor arrived, with 50 or 60 horses and many people, and had taken his course to the north of our route.

To me, every hour of the day and night is an unspeakably perfect miracle.

That music and the lyrical aspects of Razorblade Romance is so personal to me that, now with me being grown up a bit and meeting new people and doing new things, it makes me look at the same things I was writing about back in the day through a different colored lens.

The things in my songs are the edited highlights of my life. I don't go seeking out strange sexual experiences every day of the week.

People think how a sugar basin has no physiognomy, no soul. But it changes every day.

It's a very hard and competitive business in which you have to fight every day in order to impose yourself.

From day one, I got addicted to being on stage and getting the applause and laughter.

Given the daunting challenges that we face, it's important that president elect Obama is prepared to really take power and begin to rule day one.

I'd rather direct than produce. Any day. And twice on Sunday.

I'd rather be David Ladd's father than Alan Ladd any day.

I haven't been out of work since the day I took my pants off.

Prayer: the key of the day and the lock of the night.

I knew that my staying up would not change the election result if I were defeated, while if elected I had a hard day ahead of me. So I thought a night's rest was best in any event.

Capote wrote every day. He said that's the only way, you have to sit down every day and do it.

When you have a great and difficult task, something perhaps almost impossible, if you only work a little at a time, every day a little, suddenly the work will finish itself.

It will always be a battle a day between those who want maximum change and those who want to maintain the status quo.

I hated Chris, my brother. I would pull his hair and kick him, until one day my father gave him permission to fight back. I'll be apologizing to him for the rest of my life.

I've always done food that can work in a set time frame. The message I'm trying to get across is, it doesn't have to take three days to do this. With planning, you can do a lot and really have quality food every day.