Economics has always flourished and acquired energy from controversies generated by practical policy questions of the day. That was true in the times of Smith, and Ricardo, and Keynes, and it is true today. These periods of division and revolution and counterrevolution are generally followed by periods of synthesis and consolidation from which the science emerges stronger. i am optimistic that this will happen again, and that the best of the insights of the new clasicals will be absorbed in a mainstream, in which the essential insights of Keynesian economists also survive.
James TobinRelated topics
best consolidation day economics revolution science synthesis times today keynes keynesian mainstream questions ricardoRelated quotes
Changing the world is like trying to straighten a dog's tail. However much you may try, you won't succeed. But although the tail won't straighten, if you keep trying every day, at least you will put on some muscle. Similarly, even though it is difficult to make a change, our effort to do so in itself brings positive results. It will help us change. Without waiting for others to change, if we change ourselves first, that will make a difference. Instead of worrying about results, focus on doing our best in what we are engaged in.
Mata Amritanandamayi
To eliminate the discrepancy between men's plans and the results achieved, a new approach is necessary. Morphological thinking suggests that this new approach cannot be realized through increased teaching of specialized knowledge. This morphological analysis suggests that the essential fact has been overlooked that every human is potentially a genius. Education and dissemination of knowledge must assume a form which allows each student to absorb whatever develops his own genius, lest he become frustrated. The same outlook applies to the genius of the peoples as a whole.
Fritz Zwicky
The nude gains its enduring value from the fact that it reconciles several contrary states. It takes the most sensual and immediately interesting object, the human body, and puts it out of reach of time and desire; it takes the most purely rational concept of which mankind is capable, mathematical order, and makes it a delight to the senses; and it takes the vague fears of the unknown and sweetens them by showing that the gods are like men and may be worshiped for their life-giving beauty rather than their death-dealing powers.
Kenneth Clark
It is a fearful thing to hate whom God hath loved. To look upon another-his weaknesses, his sins, his faults, his defects is to look upon one who is suffering. He is suffering from negative passions, from the same sinful human corruption from which you yourself suffer. This is very important: do not look upon him with judgmental eyes of comparison, noting the sins you assume you'd never commit. Rather, see him as a fellow sufferer, a fellow human being who is in need of the very healing of which you are in need. Help him, love him, pray for him do unto him as you would have him do unto you.
Tikhon of Zadonsk
The policy of the London Cabinet largely contributed to the first movement of our Revolution.... Taking advantage of political tempests (the cabinet) aimed to effect in an exhausted and dismembered France a change of dynasty and to place the Duke of York on the throne of Louis XVI.... Pitt.... is an imbecile, whatever may be said of a reputation that has been much too greatly puffed up. A man who, abusing the influence acquired by him on an island placed haphazard in the ocean, is desirous of contending with the French people, could not have conceived of such an absurd plan elsewhere than in a madhouse.
Maximilien Robespierre
