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Favour Quotes - page 5 - Quotesdtb.com
Favour Quotes - page 5
Democracy is unstable as a political system as long as it remains a political system and nothing more, instead of being, as it should be, not only a form of government but a type of society, and a manner of life which is in harmony with that type. To make it a type of society requires an advance along two lines. It involves, in the first place, the resolute elimination of all forms of special privilege which favour some groups and depress other, whether their source be differences of environment, of education, or of pecuniary income. It involves, in the second place, the conversion of economic power, now often an irresponsible tyrant, into a servant of society, working within clearly defined limits and accountable for its actions to a public authority.
R. H. Tawney
For a period of roughly 35 years, Keynesian theory provided a central paradigm for macroeconomists, and considerable progress was made on several empirical fronts. It was widely recognized that some of the ingredients of Keynesian economics (e.g. money illusion and/or nominal wage rigidity) rested on slender to non-existent microtheoretic foundations; and there were always dissenters. But, thought of as a collection of empirical regularities that fit together into a coherent whole, the theory worked tolerably well. In the 1970s, however, the Keynesian paradigm was rejected by a great many academic economists, especially in the United States, in favour of what we now call new classical economics. By about 1980, it was hard to find an American academic macroeconomist under the age of 40 who professed to be a Keynesian. That was an astonishing intellectual turnabout in less than a decade, an intellectual revolution for sure.
Alan Blinder
If you take the plea of the defence, that I am not responsible for my acts, acquit me completely, since I have been quarrelling with an insane and irresponsible Government. If you pronounce in favour of the Crown, which contends that I am responsible, acquit me all the same. You are perfectly justified in declaring that having my reason and sound mind I have acted reasonably and in self-defence, while the Government, my accuser, being irresponsible and consequently insane, cannot but have acted wrong, and if high treason there is, it must be on its side and not on my part.
Louis Riel
My estimate of American character has improved, contrary to my expectations, by this visit...I find myself in love with their intelligence, their sincerity, and the decorous self-respect that actuates all classes. The very genius of activity seems to have found its fit abode in the souls of this restless and energetic race. They have not, ‘tis true, the force of Englishmen in personal weight or strength, but they have compensated for this deficiency by quickening the momentum of their enterprises. All is in favour of celerity of action and the saving of time. Speed, speed, speed, is the motto that is stamped in the form of their ships and steamboats, in the breed of their horses, and the light construction of their wagons and carts: and in the ten thousand contrivances that are met with here, whether for the abridging of the labour of months or minutes, whether a high-pressure engine or a patent boot-jack. All is done in pursuit of one common object, the economy of time.
Richard Cobden