I think it is important to distinguish between the traditional notion of patronage and the public relations maneuvers parading as patronage today. Invoking the name of Maecenas, corporations give themselves an aura of altruism. The American term sponsoring more accurately reflects that what we have here is really an exchange of capital: financial capital on the part of the sponsors and symbolic capital on the part of the sponsored. Most business people are quite open about this when they speak to their peers. Alain-Dominique Perrin, for example, says quite bluntly that he spends Cartier's money for purposes that have nothing to do with the love of art.
Hans HaackeRelated topics
altruism american art aura business capital example exchange love money name nothing notion open parading patronage people public quite speak term think traditional relations today maecenasRelated quotes
Let true Christians then, with becoming earnestness, strive in all things to recommend their profession, and to put to silence the vain scoffs of ignorant objectors. Let them boldly assert the cause of Christ in an age when so many, who bear the name of Christians, are ashamed of Him: and let them consider as devolved on Them the important duty of suspending for a while the fall of their country, and, perhaps, of performing a still more extensive service to society at large; not by busy interference in politics, in which it cannot but be confessed there is much uncertainty; but rather by that sure and radical benefit of restoring the influence of Religion, and of raising the standard of morality.
William Wilberforce
General systems theory (in the narrow sense of the term) is a discipline concerned with the general properties and laws of "systems”. A system is defined as a complex of components in interaction, or by some similar proposition. Systems theory tries to develop those principles that apply to systems in general, irrespective of the nature of the system, of their components, and of the relations or "forces” between them. The system components need not even be material, as, for example, in the system analysis of a commercial enterprise where components such as buildings, machines, personnel, money and "good will” of customers enter.
Ludwig von Bertalanffy
The explanation of this book is that the 1929 depression was so wide, so deep, and so long because the international economic system was rendered unstable by British inability and U. S. unwillingness to assume responsibility for stabilizing it by discharging five functions:(1) maintaining a relatively open market for distress goods;
(2) providing countercyclical, or at least stable, long term lending;
(3) policing a relatively stable system of exchange rates;
(4) ensuring the coordination of macroeconomic policies;
(5) acting as a lender of last resort by discounting or otherwise providing liquidity in financial crisis.
Charles P. Kindleberger
In the end, I am morally bound to speak only to the things that command my allegiance, and to which I have dedicated my life's work: the Republican Party, and more importantly, the United States of America. I will not refrain from doing my utmost by those lights simply because it may benefit others with whom I disagree. I claim no moral superiority over Donald Trump. I have a long and well-known public and private record for which I will have to answer at the Final Judgment, and I repose my hope in the promise of mercy and the moderation of age. I challenge the nominee to set the example for what our country can and should represent.
John McCain
The main development I want to discuss has already occurred: Keynesian economics is dead [maybe ‘disappeared' is a better term]. I don't know exactly when this happened but it is true today and it wasn't true two years ago. This is a sociological not an economic observation, so the evidence for it is sociological. For example, you cannot find a good, under 40 economist who identifies himself and his work as ‘Keynesian'. Indeed, people even take offense if referred to in this way. At research seminars, people don't take Keynesian theorizing seriously any more-the audience starts to whisper and giggle to one another. Leading journals aren't getting Keynesian papers submitted any more.
Robert Lucas, Jr.
