Serious design is imperfect.

There is no perfect mustard or imperfect mustard.

Potatoes that are cosmetically imperfect, all going for pigs.

For example, we now have many models of markets with imperfect competition or asymmetric information. These models have not made their predecessors, based on perfect competition, obsolete or irrelevant.

And yet there is still hope in this imperfect world.

Certainly, there are some good economic reasons why lenders have such an insatiable appetite for debt. Imperfect information and difficulties in monitoring firms pose significant obstacles to idealized risk sharing instruments.

And so these folks had, very simply, the courage to be imperfect.

Obviously, the path to democracy is long and imperfect and different for every nation.

An imperfect war is limited as to places, persons, and things. Lawrence's Wheaton, 518).

Number two, it's imperfect it's not very glamorous, and it doesn't suddenly start and suddenly end.

No multilateral investment agreement will be able to address all of the institutional problems and market failures that prevent capital from flowing to developing countries. Some economists point to imperfect information, which precludes companies from considering the higher returns on investment available in the developing world.

As humans, we are uniquely equipped to make decisions on the basis of ambiguous information in fact, we do it all the time. When we choose a career or a spouse in our private lives, or when a politician seizes an opportunity from a plethora of possibilities, the task at hand is always about making highly consequential decisions based on imperfect information.

Buchanan, along with Milton Friedman and many others, correctly pointed out that government failures are as numerous as market failures. So, even in areas like infrastructure or education, it is necessary to compare the benefits and costs of the imperfect fiscal and regulatory policies likely to be implemented by fallible, self interested officials with potentially imperfect market outcomes.

But China s government and others that practice Internet censorship still want to reap the economic benefits of connectivity. That tension leads to imperfect compromises.

Our job is to look and say, You know what? You're imperfect, and you're wired for struggle, but you are worthy of love and belonging.

The absolute number of complaints is, of course, an imperfect measure of the importance of NTBs across sectors, as the latter vary in economic size.

The report was based on a thematic approach, and it included indicators of achievement, which were admittedly imperfect but had been applied in good faith.

Well, Shannon took us, in the '40s, from here to here from a telephone being a speaker wire that degraded with distance to the Internet. And he proved the first threshold theorem, that shows if you add information and remove it to a signal, you can compute perfectly with an imperfect device.

Together The Jill and Julia, the Jill and Julia, the Jill and Julia Show. Sobule Why are all our heroes so imperfect? Why do they always bring me down? Why are all our heroes so imperfect? Statue in the park has lost his crown. William Faulkner, drunk and depressed. Sweeney Mmm.

Of course, historical analogies are imperfect. Obviously, cyber technology is very different from nuclear technology, particularly because non governmental actors can exploit it much more easily.

So we're sort of all imperfect. And the question is well, if we're around here, you know, these little losses or gains might not be too bad.

Undertaken by politicians, an audit might be viewed as an opportunity to score political points or steer policy in self serving directions, with delicate information leaked in order to pressure policymakers. While monetary policy conducted by independent bureaucrats is imperfect, handing over effective control to congressmen with one eye on the next election would be infinitely worse.

It is to Phelps that we owe the theory of the natural unemployment rate a cornerstone of modern macroeconomic theory and economic policy that Milton Friedman rediscovered a year later, albeit heuristically. Phelps was also responsible for the island parable, which helped explain why monetary policy can have temporary real effects as a result of imperfect information.

But, having gone too far in deregulating markets, we must resist a natural tendency to overcompensate. While markets are imperfect, regulators are not only human but bureaucratic and subject to political influence.

As for the ship, it belonged to poor people working on the sea. I rendered it imperfect because behind them there was a king who was taking every ship by brutal force.

As for the ship, it belonged to poor people working on the sea. I rendered it imperfect because behind them there was a king who was taking every ship by brutal force.

We have seen elsewhere that, no matter how difficult and imperfect progress may be, with political will and the support of the international community, it is possible to move forward, away from conflict.

The MIT School, by contrast, argues that real world economies are afflicted by pervasive market failures, including imperfect competition and monopoly, externalities associated with problems like pollution, and an inability to supply public goods such as street lighting or national defense. Consequently, policy interventions that address market failures as well as widespread information imperfections and the non existence of many needed markets can make everyone better off.

Of course, each country will have to do its part, promoting short and long term agendas to combat inequalities, but the task will not be complete as long as asymmetries remain in a still imperfect world.

From the scientific point of view, the main problem is a lack of knowledge. Despite many hundreds of well functioning nuclear power plants, our understanding of nuclear forces is only empirical, and empirical knowledge is always imperfect.

Any study seeking to determine whether a psychiatric disorder is over diagnosed will find that some patients with the condition do not have it upon re interview. Such is the nature of the imperfect reliability of psychiatric diagnosis.

The absence of a world government deters abusive power however imperfectly, it forces governments to compete (even though they often collude). And, in an imperfect world, part of each government s job is to protect its citizens from enemies.

The lesson that I ultimately learned from my tattoo and that I want to leave you with today is this We need to learn to love the flawed, imperfect things that we create and to forgive ourselves for creating them.

And it is about as imperfect as any negotiated agreement between disputing parties can be. Nonetheless, it creates a solid framework to prevent Iran from producing nuclear weapons for the next 10 15 years and that is a very positive development.

That is why, long ago, European countries saw the sense in pooling their weight and reach through the European Union. Imperfect as the EU is, it still represents the best response to globalization yet seen among any extended group of countries.

First of all, our Organization imperfect but irreplaceable, underefficient but imperative, sometimes deliberately marginalized but, luckily, never fully relegated to the background must become the reflection and the expression of our world, an Organization capable of tackling its problems vigorously and efficiently.

Likewise, the proposition that rent controls reduce the supply of housing is violated under conditions of imperfect competition. And the proposition that floating exchange rates are an effective system relies on assumptions about the workings of the monetary and financial system that have proved problematic

As imperfect as our governance systems are, at some point the public and its leaders may demand that we confront the truth about global warming. At that point, they will put in place the regulatory or legal controls needed to reduce fossil fuel use dramatically.

Even a disorderly regime transition, however traumatic and chaotic in the short term, could yield a system that, on balance, is an improvement over a stagnant, repressive, and corrupt autocracy. Indonesia s new democracy may be imperfect, but has thrived despite its initial poor prospects.

Documentation, information and information technology (IT)

As it stands, labor mobility is imperfect in the EU. But, with language training and the implementation of something like the Lisbon strategy for growth and jobs (which aimed to create an innovative learning economy, underpinned by inclusive social and environmental policies), mobility could be enhanced.

If my intuition is correct, Taylor and his fellow travelers will never be convinced that they are wrong. Accepting the idea that central bankers may be doing the best they can in a difficult situation would require entertaining the possibility that markets are imperfect and fallible.

Trapped in their contradictions and zero sum national dreams, Israelis and Palestinians cannot expect a perfect solution. Their task is to embrace the least imperfect solution before they decline into Doomsday scenarios, such as a hostile Israeli unilateral disengagement, or a one state reality of unending conflict.

Just a half century earlier, one could count the number of Western democracies on one s fingers. And even these were imperfect using the most basic democratic yardstick universal suffrage the United States could not be seen as truly democratic until the civil rights victories of the 1960 s.

Here, eurozone members would collectively opt for a smaller and less imperfect union that includes countries with more similar initial conditions economically, financially, politically, and socially. And, again, there is no easy way to do this, especially given that the eurozone was intentionally designed with no exit in mind.