We should not conclude from this that everything depends on waves of irrational psychology. On the contrary, the state of long-term expectation is often steady, and, even when it is not, the other factors exert their compensating effects. We are mere...
Certain American uses of deconstruction, Derrida has observed, work to ensure ‘an institutional closure’ which serves the dominant political and economic interests of American society. Derrida is clearly out to do more than develop new techniques...
Basic economic theory. People behave differently based on how much they think something’s worth. Because everyone got their chips for free, people made huge bets on every hand—no matter what they were holding. People who play with everything on t...
Consistent with the liberal views of the Enlightenment, Leibniz was an optimist with respect to human reasoning and scientific progress. Although he was a great reader and admirer of Spinoza, Leibniz, being a confirmed deist, rejected emphatically Sp...
I believe without exception that theory follows practice. Whenever there is a conflict between theory and practice, theory is wrong. As far as I'm concerned, we make theories for what people have done.
Managers are already voracious consumers of theory. Every time they make a decision or take action, it's based on some theory that leads them to believe that action will lead to the right result. The problem is, most managers aren't aware of the theo...
The individualism of current economic theory is manifest in the purely self-interested behavior it generally assumes. It has no real place for fairness, malevolence, and benevolence, nor for the preservation of human life or any other moral concern.
Usually when people talk about the trickle-down theory, it has to do with economics. The richer people at the top of a society become, supposedly, the more wealth there is to trickle down to the people below. It never really works out that way, of co...
Our best theory of describing space at a fundamental level is probably string theory.
Economic development is something much wider and deeper than economics, let alone econometrics. Its roots lie outside the economic sphere, in education, organisation, discipline and, beyond that, in political independence and a national consciousness...
Indeed, this epistemological theory of the relation between theory and experiment differs sharply from the epistemological theory of naive falsificationism.
The materialist theory of history, that all politics and ethics are the expression of economics, is a very simple fallacy indeed. It consists simply of confusing the necessary conditions of life with the normal preoccupations of life, that are quite ...
This you may say of man - when theories change and crash, when schools, philosophies, when narrow dark alleys of thought, national, religious, economic, grow and disintegrate, man reaches, stumbles forward, painfully, mistakenly sometimes. Having ste...
I didn't know so well chess theory, the theory of chess openings. And so, of course I knew the theory, but not on the level of the best players, so this was my... this was always my weakness.
String theory is not the only theory that can accommodate extra dimensions, but it certainly is the one that really demands and requires it.
The Theory of Relativity confers an absolute meaning on a magnitude which in classical theory has only a relative significance: the velocity of light. The velocity of light is to the Theory of Relativity as the elementary quantum of action is to the ...
Dawkins mentioned two mechanisms: the theory of the ‘primeval soup’ and the Cairns-Smith theory. He discussed the latter in some detail. Since no one has computed, for either theory, the chances of the events occurring, Dawkins could not tell us ...
One very important aspect of string theory is definitely testable. That was the prediction of supersymmetry, which emerged from string theory in the early '70s.
Theories, for me, are just about freeing your mind. It doesn't mean the theory is going to work like a scientific theory works. It's about freeing your mind and making you think a different way.
It is economic power that determines political power, and governments become the political functionaries of economic power.
I really don't like art where you need to know so much theory to understand. If the theory is removed, it doesn't do anything. That means that this work is an illustration of theory, and I don't believe in the power of the work itself.
