Mechanism Quotes - page 15
The proposition that markets drive economic efficiency is central to much of economics. Adam Smith illustrated that the "invisible hand” of the market drives efficient allocation of resources in a system of division of labor. Friedrich Hayek illustrated the central importance of the price system as an information processing mechanism more powerful than any centrally planned system could ever be. Kenneth Arrow and Gerard Debreu illustrated that complete and perfect markets deliver a Pareto-efficient equilibrium, in which no one person can be made better off without making someone else worse off. And the development of the efficient- market and rational- expectations hypotheses suggested that financial markets are in fact efficient, and that the conditions required for efficiency and for rational and stable equilibria apply even in contracts between the present and the future, which financial markets provide.
Adair Turner, Baron Turner of Ecchinswell
I am not a mechanism, an assembly of various sections. and it is not because the mechanism is working wrongly, that I am ill. I am ill because of wounds to the soul, to the deep emotional self, and the wounds to the soul take a long, long time, only time can help and patience, and a certain difficult repentance long difficult repentance, realization of life's mistake, and the freeing oneself from the endless repetition of the mistake which mankind at large has chosen to sanctify.
D. H. Lawrence
The incorporation of every indidual in a collective mechanism of production, would mean the renunciation (or surrender) for man himself of its independance and his dignity as a rational (or thinking, or reasonable) being. The results (or consequences) of such a state of things would be: regression (or retrogression) and deterioration in every fields (or domain) of life. For the true progress consist in the accomplishment of higher ends, et these would be directly (or right off) made impossible in a coercive social mechanism. Let us think to the fate that, in these conditions, new truths would have in store.
African Spir
Islam has no mechanism for excommunication. Individuals can leave the ummah and be regarded as apostates (murtad). But no one who swears he is a Muslim can be excluded. Even very bad Muslims are still Muslims as long as they haven't thrice publicly rejected the two testimonies. (The two testimonies are accepting the oneness of God and that Mohammed is His Prophet.) Thus, neither Obama nor anyone else is qualified to decide who is a Muslim - or what is "true Islam.”.
Amir Taheri
Ideology critique, having become respectable, imitates surgical procedure: ... The opponent is cut open in front of everyone, until the mechanism of his error is laid bare. ... Ideology critique is now interested not in winning over the vivisected opponent but in focusing on the "corpse,” the critical extract of its ideas. ... Those who previously did not want to engage in enlightenment will want to do so even less now that they have been dissected and exposed by the opponent.
Peter Sloterdijk
More and more of the flow was diverted from production into the political mechanism. Whatever elements in motion compose a stream of energy, enough must go through to complete the circuit and renew production. Water running in an aqueduct to turn a millwheel is a stream of energy; or electricity going through insulated wires; or goods in process from raw materials to finished product and conveyed by a system of transport. If the water channel is pierced with many small openings en route; or electricity taken off by more and more outlets; or the goods expropiated piecemeal at each stage of the process, finally not enough will go through for maintenance of the system. In the energy system comprised in an exchange of goods, the producers and processors have to get back enough to enable them to keep on producing and working up the raw materials and to provide transport...
Isabel Paterson
This goes back to the reason why alarmists abandoned the "global warming" term in favor of climate change. They can play this bait and switch, showing changes in climate (which always exist) and then blaming them on CO2. But there is no mechanism ever proposed by anyone where CO2 can change the climate directly without going through the intermediate step of warming. If climate is changing but we are not seeing warming, then the change can't be due to CO2.
Anthony Watts
Well the protester I think is a very powerful thing. It's basically a mechanism of democracy that, along with capitalism, scientific innovation, those things have built the modern world. And it's wonderful that the new tools have empowered that protestor so that state secrets, bad developments are not hidden anymore.
Bill Gates
As was rightly pointed out by Karl Polanyi in the 1940s, the 19th century laissez-faire regime can be thought of as one in which society is forced to conform to the needs of the market mechanism. "Instead of the economy being embedded in social relations, social relations are embedded in the economic system" in this laissez-faire regime. However, it was precisely because of this that the system gradually disintegrated from the early 20th century into economic and social chaos. "Since society was made to conform to the needs of the market mechanism, imperfections in the functioning of that mechanism created cumulative strains on the body social."
Eisuke Sakakibara
It was in 1929 that Salvador Dali [Dali is writing about himself] brought his attention to hear upon the internal mechanism of paranoiac phenomena and envisaged the possibility of an experimental method based on the sudden power of the systematic associations proper to paranoia; this method afterwards became the delirio-critical synthesis which hears the name of "paranoiac-critical activity."
Salvador Dalí
