21
" This book is an essay in what is derogatorily called " literary economics," as opposed to mathematical economics, econometrics, or (embracing them both) the " new economic history." A man does what he can, and in the more elegant - one is tempted to say " fancier" - techniques I am, as one who received his formation in the 1930s, untutored. A colleague has offered to provide a mathematical model to decorate the work. It might be useful to some readers, but not to me. Catastrophe mathematics, dealing with such events as falling off a height, is a new branch of the discipline, I am told, which has yet to demonstrate its rigor or usefulness. I had better wait. Econometricians among my friends tell me that rare events such as panics cannot be dealt with by the normal techniques of regression, but have to be introduced exogenously as " dummy variables." The real choice open to me was whether to follow relatively simple statistical procedures, with an abundance of charts and tables, or not. In the event, I decided against it. For those who yearn for numbers, standard series on bank reserves, foreign trade, commodity prices, money supply, security prices, rate of interest, and the like are fairly readily available in the historical statistics. "
22
" When I spoke to a colleague about Joe's report, her face registered surprise. She said, " Is it possible for a death in a nursing home to be premature?" Joe told me, " If it were happening in any other kind of institution, to any other part of the population - workers, say, or children - there'd be an outcry, media, inquiries, swift intervention. The truth is we do not value the last months or years of a person's life. The remaining life of someone old. Particularly if they are in residential care." If we are all just economic units who lift or lean, then very little is " lost" when a nursing home resident or anyone getting on in their years dies prematurely. In fact money might be saved - one less nursing-home bed to fund, and the kids can finally get their hands on the house. "
24
" Back at home, after some prodding from Tereza, he admitted that he had been jealous watching her dance with a colleague of his. " You mean you were really jealous?" she asked him ten times or more, incredulously, as though someone had just informed her she had been awarded a Nobel Peace prize. Then she put her arm around his waist and began dancing across the room. The step she used was not the one she had shown off in the bar. It was more like a village polka, a wild romp that sent her legs flying in the air and her torso bounding all over the room, with Tomas in tow. Before long, unfortunately, she bagan to be jealous herself, and Tomas saw her jealously not as a Nobel Prize, but as a burden, a burden he would be saddled with until not long before his death. "