Effects Quotes - page 9
The unremitting division of labour resulted in admirable levels of productivity. The company's success appeared to bear out the principles of efficiency laid down at the turn of the twentieth century by the Italian economist Vilfredo Pareto, who theorized that a society would grow wealthy to the extent that its members forfeited general knowledge in favour of fostering individual ability in narrowly constricted fields. In an ideal Paretan economy, jobs would be ever more finely subdivided to allow for the accumulation of complex skills, which would then be traded among workers. ... But however great the economic advantages of segmenting the elements of an afternoon's work into a range of forty-year-long careers, there was reason to wonder about the unintended side effects of doing so. In particular, one felt tempted to ask ... how meaningful the lives might feel as a result.
Alain de Botton
One of the effects, among others, of modern science has been that of mortally wounding religion by posing in concrete terms problems which esoterism alone can resolve and which remain unresolved because esoterism is not heeded and is heeded less now than ever. Faced by these new problems, religion is disarmed, and it borrows clumsily and gropingly the arguments of the enemy, and this obliges it to falsify its own perspective imperceptibly and disavow itself more and more; its doctrine is certainly not affected, but false opinions borrowed from its repudiators corrode it insidiously "from within", as witnessed by modernist exegesis, the demagogic leveling of the liturgy, Teilhardian Darwinism or the "sacred art" of surrealist and "abstract" persuasion.
Frithjof Schuon
The consequences of the Ayatollah's blood-thirsty fiasco could be disastrous for the whole of Islam and particularly for Shiism. The systematic destruction, in the name of religion, of a state and a society which vigilantly safeguarded the peace, could have effects in this part of the world which would be disastrous for sincere believers of the Koran, and even for those who believe less wholeheartedly. The murderous megalomania and the agitation of Qom, combined with the miserable dictatorship of a handful of mollahs, are, I insist, all in direct contradiction with the essential principles of Islam.
Muhammad Reza Pahlavi
I am not persuaded that Hayek got the substantive connections entirely right. He was too captivated by the enabling effects of the market system on human freedoms and tended to downplay - though he never fully ignored - the lack of freedom for some that may result from a complete reliance on the market system, with its exclusions and imperfections, and the social effects of big disparities in the ownership of assets. But it would be hard to deny Hayek's immense contribution to our understanding of the importance of judging institutions by the criterion of freedom.
Amartya Sen
Ever since the population of this little island grew large, trade has been its livelihood. We imported food and raw materials and paid for them by exports of coal and manufactures, by earnings from shipping and other services, and by interest on foreign investments. The first world war injured our position seriously, the second had far worse effects. When we stood alone in the second world war we threw all that we had into the battle... We sold our foreign assets. We reduced our production of civilian goods to a minimum. We lost nearly all our export trade and much of our shipping... We have, therefore, to face now before we have recovered from the effects of the war, and before our long-term plans have taken effect, the necessity of relying entirely on our own resources. This is a situation as serious as any that has faced us in our long history.
Clement Attlee
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
The attack on economics sprang rather from a dislike of the application of scientific methods to the investigation of social problems. The existence of a body of reasoning which prevented people from following their first impulsive reactions, and which compelled them to balance indirect effects, which could be seen only by exercising the intellect, against intense feeling caused by the direct observation of concrete suffering, then as now, occasioned intense resentment.
Friedrich Hayek
If craftsmen and blacksmiths were feared for transforming material substance, if traders were feared for transforming such intangible qualities as value, how much more will the banker be feared for the transformations he effects with the most abstract and immaterial of all economic institutions? Thus we reach the climax of the progressive replacement of the perceivable and concrete by abstract concepts shaping rules guiding activity: money and its institutions seem to be beyond the boundary of laudable and understandable physical efforts of creation, in a realm where the comprehension of the concrete ceases and incomprehensible abstractions rule.
Friedrich Hayek
Left home in company with John Dixon to attend the internment of George Stephenson at Chesterfield. I fear he died an unbeliever. When I reflect on my first acquaintance with him and the resulting consequences my mind seems lost in doubt as to the beneficial results - that humanity has been benefited in the diminished use of horses and by the lessened cruelty to them, that much ease, safety, speed, and lessened expense in travelling is obtained, but as to the results and effects of all that railways had led my dear family into, being in any sense beneficial is uncertain.
George Stephenson
The continuity of physical traits and the limitation of the effects of environment to the individual only are now so thoroughly recognized by scientists that it is at most a question of time when the social consequences which result from such crossings will be generally understood by the public at large. As soon as the true bearing and import of the facts are appreciated by lawmakers, a complete change in our political structure will inevitably occur, and our present reliance on the influences of education will be superseded by a readjustment based on racial values.
Madison Grant
It is this diffused spirit of Christianity rather than the conscious purpose of organized Christianity which has been the chief moral force in social changes. It has often taken its finest form in heretics and free-thinkers, and in non-Christian movements. The Church has often been indifferent or hostile to the effects which it had itself produced. The mother has refused to acknowledge her own children.
Walter Rauschenbusch
The influence of Christianity in taming selfishness and stimulating the sympathetic affections, in creating a resolute sense of duty, a stanch love of liberty and independence, an irrepressible hunger for justice and a belief in the rights of the poor, has been so subtle and penetrating that no one can possibly trace its effects. ...And yet human society has not been reconstituted in accordance with the principles of Jesus Christ.
Walter Rauschenbusch
Surely then some distinction between the different kinds of labour, with reference to their different effects on national wealth, must be admitted to be not only useful, but necessary; and if so, the question is what this distinction should be, and where the line between the different kinds of labour should be drawn.
Thomas Malthus
I think there was a layer of several inches of crystal clear ice, probably in the form of metallic hydrogen, about 10-20 miles up. It could have been held up by the earth's magnetic field or the internal air pressure like a giant inflatable building or even helped by the centrifugal force of the spinning earth. It could also have had its own spin to help suspend it. Maybe a combination of effects.
Kent Hovind
