Considerable Quotes - page 6
Microeconomics, including the study of individual choice and of group choice in market and nonmarket processes, has generally been considered a field science as distinct from an experimental science. Hence microeconomics has sometimes been classified as "non-experimental" and closer methodologically to meteorology and astronomy than to physics and experimental psychology (Marschak, 1950, p. 3; Samuelson, 1973, p. 7). But the question of using experimental or nonexperimental techniques is largely a matter of cost, and generally the cost of conducting the most ambitious and informative experiments in astronomy, meteorology, and economics varies from prohibitive down to considerable. The cost of experimenting with different solar system planetary arrangements, different atmospheric conditions, and different national unemployment rates, each under suitable controls, must be regarded as prohibitive.
Vernon L. Smith
It is my firm belief that the only satisfactory test of economics is the ability to predict, and in crucial predictive situations such as reconversion after World War II, the settlement of the Korean War, the settlement of the Vietnam War, the abrupt economic policy switch of the Nixon Administration in August 1972, the oil shock of 1973 (forecast of a world-wide succession by LINK), the recession of 1990. In these crucial periods, econometric models outperformed other approaches, yet there is considerable room for improvement, and that is precisely what is being examined in development of high-frequency models that aim to forecast the economy, every week, every fortnight, or every month, depending on the degree of fineness of the information flow.
Lawrence Klein
Without changing the most molecular relationships in society - notably, those between men and women, adults and children, whites and other ethnic groups, heterosexuals and gays (the list, in fact, is considerable) - society will be riddled by domination even in a socialistic 'classless' and 'non-exploitative' form. It would be infused by hierarchy even as it celebrated the dubious virtues of 'people's democracies,' 'socialism' and the 'public ownership' of 'natural resources.' And as long as hierarchy persists, as long as domination organises humanity around a system of elites, the project of dominating nature will continue to exist and inevitably lead our planet to ecological extinction.
Murray Bookchin
Though we have achieved considerable success in our policy of increasing production and maintaining full employment, this has been accompanied by constant pressure for higher wages resulting in higher prices. We have not yet found out how we can maintain full employment in combination with stable or decreasing costs and prices.
Stafford Cripps
I hope the reader will not just read through the examples but will also ask why it is that such material is not placed before our students. After all it is not difficult to come by, and, as the reader will agree after going through it, it has the most direct bearing on our denationalization. Yet, even though he may have considerable interest in our current problems, even though he may have been following closely the public discourse on such problems, in all probability the reader would not have come across the material. Why is this so?
Arun Shourie
Everybody knows that the great reversed triangle of land, with its base in the north and its apex in the south, which is called India, embraces fourteen hundred thousand square miles, upon which is spread unequally a population of one hundred and eighty millions of souls. The British Crown exercises a real and despotic dominion over the larger portion of this vast country, and has a governor-general stationed at Calcutta, governors at Madras, Bombay, and in Bengal, and a lieutenant-governor at Agra.But British India, properly so called, only embraces seven hundred thousand square miles, and a population of from one hundred to one hundred and ten millions of inhabitants. A considerable portion of India is still free from British authority; and there are certain ferocious rajahs in the interior who are absolutely independent.
Jules Verne
The anarchists put the thing upside down. They declare that the proletarian revolution must begin by doing away with the political organisation of the state. But after its victory the sole organisation which the proletariat finds already in existence is precisely the state. This state may require very considerable alterations before it can fulfil its new functions. But to destroy it at such a moment would be to destroy the only organism by means of which the victorious proletariat can assert its newly-conquered power, hold down its capitalist adversaries and carry out that economic revolution of society without which the whole victory must end in a new defeat and in a mass slaughter of the workers similar to those after the Paris Commune.
Friedrich Engels
But before we attempt to set ourselves up as exponents of universal reform, it would be wise to remember that progress is of slow growth, and also to remember that moderation, patience, forbearance, and charity are virtues in their own right. The only action which can be effective in the long run is that which helps others to help themselves. Before we assume too great responsibilities in the governing of others, it would be the part of wisdom very completely to discharge our responsibilities for governing ourselves. A large amount of work has to be done at home before we can start in on the neighbors, and very considerable duties have to be performed in America before we undertake the direction of the rest of the world. But we must at all times do the best we can for ourselves without forgetting others, and the best we can for our own country without forgetting other nations.
Calvin Coolidge
The law, so far as it depends on learning, is indeed, as it has been called, the government of the living by the dead. To a very considerable extent no doubt it is inevitable that the living should be so governed. The past gives us our vocabulary and fixes the limits of our imagination; we cannot get away from it. There is, too, a peculiar logical pleasure in making manifest the continuity between what we are doing and what has been done before. But the present has a right to govern itself so far as it can; and it ought always to be remembered that historic continuity with the past is not a duty, it is only a necessity.
Oliver Wendell Holmes Jr.
Should the enemy make any considerable detachments from New York, a larger covering party may be necessary for the State of Connecticut, as I should have more apprehensions of their committing depredations, if they detach, than if they do not; for then they will have nothing left but to play the small game.
Nathanael Greene
As the enemy have the advantage of a water transportation, and the spring is the most difficult part of the year for a land conveyance, it is most probable, if they have any designs upon this post, they will commence their operations before the grass season. Will it not be worth while, therefore, to form a small magazine of provision and forage, at or near Mr. Erskine's Iron Works, for the purpose of subsisting the army on their march to this place? And another considerable magazine of provision and forage at Chester or Warwick for the support of this army in whatever position it may take for the relief of this garrison? These magazines should be formed from the westward, in the winter season, when there is the least call for transportation, and the roads the most favorable for the purpose.
Nathanael Greene
Now let us consider how many relics of the true cross there are in the world. An account of those merely with which I am acquainted would fill a whole volume, for there is not a church, from a cathedral to the most miserable abbey or parish church, that does not contain a piece. Large splinters of it are preserved in various places, as for instance in the Holy Chapel at Paris, whilst at Rome they show a crucifix of considerable size made entirely, they say, from this wood. In short, if we were to collect all these pieces of the true cross exhibited in various parts, they would form a whole ship's cargo. The Gospel testifies that the cross could be borne by one single individual;..
John Calvin
Those that can readily master the difficulties of Mathematics find a considerable charm in the study, sometimes amounting to fascination. This is far from universal; but the subject contains elements of strong interest of a kind that constitutes the pleasures of knowledge. The marvellous devices for solving problems elate the mind with the feeling of intellectual power; and the innumerable constructions of the science leave us lost in wonder.
Alexander Bain
