Leading Quotes - page 9
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.
Mr. President, you are not leading this Nation-you're just managing the Government. You don't see the people enough any more. Some of your Cabinet members don't seem loyal. There is not enough discipline among your disciples. Don't talk to us about politics or the mechanics of government, but about an understanding of our common good. Mr. President, we're in trouble. Talk to us about blood and sweat and tears. If you lead, Mr. President, we will follow.
Bill Clinton
Behind the rebel battle yells and the legendary spirit of the Confederate army, there was much reluctance to fight. A sympathetic historian of the South, E. Merton Coulter, asked "Why did the Confederacy fail? The forces leading to the defeat were many but they may be summed up in this one fact"The People did not will hard enough and long enough to win."Not money or soldiers, but willpower and morale were decisive.
Howard Zinn
Why is it that, next to the birth day of the Saviour of the World, your most joyous and most venerated festival returns on this day? ... Is it not that, in the chain of human events, the birthday of the nation is indissolubly linked with the birth-day of the Saviour? That it forms a leading event in the progress of the gospel dispensation? Is it not that the Declaration of Independence first organized the social compact on the foundation of the Redeemer's mission upon earth? That it laid the corner stone of human government upon the first precepts of Christianity, and gave to the world the first irrevocable pledge of the fulfilment of the prophecies, announced directly from Heaven at the birth of the Saviour and predicted by the greatest of the Hebrew prophets six hundred years before?
John Quincy Adams
First they junked the concept of "justice.” Examined semantically "justice” has no referent-there is no observable phenomenon in the space-time-matter continuum to which one can point, and say, "This is justice.” Science can deal only with that which can be observed and measured. Justice is not such a matter; therefore it can never have the same meaning to one as to another; any "noises” said about it will only add to confusion.
But damage, physical or economic, can be pointed to and measured. Citizens were forbidden by the Covenant to damage another. Any act not leading to damage, physical or economic, to some particular person, they declared to be lawful.
Robert A. Heinlein
The path which the great Dominions were treading...was a path leading not to independence but to interdependence. One of the greatest mistakes made by our enemies-and they made it in the last war, too-was to under-estimate the strength of those invisible bonds uniting the free peoples of the British Commonwealth of Nations. The German was never happy unless he was in a mass. He was happiest of all when they were all performing the goose-step at the same time, whereas the British people, conscious of their unity though the seas might separate them, could march to their goal without rigidly keeping step.
Clement Attlee
The idea that a country's economic fortunes are largely determined by its success on world markets is a hypothesis, not a necessary truth; and as a practical, empirical matter, that hypothesis is flatly wrong. That is, it is simply not the case that the world's leading nations are to any important degree in economic competition with each other, or that any of their major economic problems can be attributed to failures to compete on world markets.
Paul Krugman
Consider John Kenneth Galbraith or Lester Thurow, both leading economists in the view of the general public, both with all the formal qualifications, both totally ignored by the academic mainstream. Or consider Robert Mundell, who is still revered for his contributions to international monetary theory, yet whose later incarnation as the father of supply-side economics has similarly been ignored.
Paul Krugman
As is often the case with major disputes in economics, the argument over fiscal policy went on for years, with some critics of fiscal policy still defending their position when this book went to press. It seems fair, however, to say that among economists a more or less Keynesian view of the effects of fiscal policy came to prevail. Careful statistical studies at the International Monetary Fund and else where showed that austerity policies have historically been followed by contraction, not expansion. Recent experience, in which countries like Spain and Greece that were forced into severe austerity also experienced severe slumps, seemed to confirm that observation. Furthermore, it was clear that those who had predicted a sharp rise in U. S. interest rates due to budget deficits, leading to conventional crowding out, had been wrong: U. S. long-term interest rates remained near record lows even during the years from 2009 to 2012, when the government ran very large deficits.
Paul Krugman
Now, just think about this for a moment: For generations, in many parts of this country, it was illegal for black people to get an education. Slaves caught reading or writing could be beaten to within an inch of their lives. Anyone - black or white - who dared to teach them could be fined or thrown into jail. And yet, just two years after the Emancipation Proclamation was signed, this school was founded not just to educate African Americans, but to teach them how to educate others. It was in many ways an act of defiance, an eloquent rebuttal to the idea that black people couldn't or shouldn't be educated. And since then, generations of students from all backgrounds have come to this school to be challenged, inspired and empowered. And they have gone on to become leaders here in Maryland and across this country, running businesses, educating young people, leading the high-tech industries that will power our economy for decades to come.
Michelle Obama
The proletariat needs state power, the centralized organization of force, the organization of violence, for the purpose of crushing the resistance of the exploiters and for the purpose of leading the great mass of the population - the peasantry, the petty bourgeoisie, the semi-proletarians - in the work of organizing a socialist economy.
Vladimir Lenin
It is I think, almost universally realized at present that the Bolsheviks could not have retained power for two and a half month, let alone two and a half years, without the most rigorous and truly iron discipline in our Party, or without the fullest unreserved support from the entire mass of the working class, that is, from all thinking, honest, devoted and influential elements in it, capable of leading the backward strata or carrying the latter along with them.
Vladimir Lenin
We have, indeed, in the part taken by many scientific men in this controversy of "Law versus Miracle," a good illustration of the tenacious vitality of superstitions. Ask one of our leading geologists or physiologists whether he believes in the Mosaic account of the creation, and he will take the question as next to an insult. Either he rejects the narrative entirely, or understands it in some vague non-natural sense. ...Whence ...this notion of "special creations"...Why, after rejecting all the rest of the story, he should strenuously defend this last remnant of it, as though he had received it on valid authority, he would be puzzled to say.
Herbert Spencer
In mathematical quarters, the regular division of the plane has been considered theoretically... Does this mean that it is an exclusively mathematical question? In my opinion, it does not. [Mathematicians] have opened the gate leading to an extensive domain, but they have not entered this domain themselves. By their very nature they are more interested in the way in which the gate is opened than in the garden lying behind it.
M. C. Escher
