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Willem Buiter of the London School of Economics points out that if you take the idea to its logical conclusion, today's natural rate must depend on the entire history of unemployment.
But for working economists the reason to read old books is for insight, not authority; if something Keynes or Minsky said helps crystallize an idea in your mind — and there's a lot of that in both mens' writing — that's really good, but if where you take the idea is very different from what the great man said somewhere else in his book, so what?
But what if you take the idea a step further and buy the stocks dropped by the index?
Vivian Nunez: How did you take the idea of wanting healthier, more flavorful children's food to actual mass production?
Could you take the idea to a competitor and use it as your calling card to look for the next job?
"Where Ethereum comes from is basically you take the idea of crypto economics and the kinds of economic incentives that keeps things like bitcoin going to create decentralized networks with memory for a whole bunch of applications," he said.
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Or maybe he was committing a more radical musical act, realizing that if you took the idea of performance far enough, you could actually end up changing the score itself, shifting all the old harmonies.
The chain's creative director Steve Briar says: "If you take the very idea of a vintage store – found furniture, unwanted paint, lighting for function and low on sophistication – you see a sense of bohemian thrift retail.
But when you take the same idea of location broadcasting and put it on a service with more than 500 million users, it is no longer just academic.
You can take the ideas you wrote down and fit them into your schedule to remember what time you have to do it.
You could easily take the idea on with other fillings – chard and mushroom, spinach and blue cheese, cabbage and bacon – or you could introduce a sauce of some kind, such as feta, dill and yogurt.
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