Speculation Quotes - page 6
What theory can we use to get us out of the impending slump quickly and reliably? To use the 'new classical' theory of fluctuations begun at Chicago in the 1970s – the theory in which the "risk management" models are embedded – is unthinkable, since it is precisely the theory falsified by the asset price collapse. The thoughts of some have turned to John Maynard Keynes. His insights into uncertainty and speculation were deep. Yet his employment theory was problematic and the 'Keynesian' policy solutions are questionable at best.... At the end of his life Keynes wrote of 'modernist stuff, gone wrong and turned sour and silly'. He told his friend Friedrich Hayek he intended to re-examine his theory in his next book. He would have moved on. The admiration we all have for Keynes's fabulous contributions should not sway us from moving on.
Edmund Phelps
The Platonic doctrine of Ideas has been, in all ages, the derision of the vulgar, and the admiration of the wife. Indeed, if we consider that ideas are the most sublime objects of speculation, and that their nature is no less bright in itself, than difficult to investigate, this opposition in the conduct of mankind will be natural and necessary; for, from our connection with a material nature, our intellectual eye, previous to the irradiations of science, is as ill adapted to objects the most splendid of all, "as the eyes of bats to the light of day."
Proclus
If the people of this religion [Islam] are asked about the proof for the soundness of their religion, they flare up, get angry and spill the blood of whoever confronts them with this question. They forbid rational speculation, and strive to kill their adversaries. This is why truth became thoroughly silenced and concealed.
Muhammad ibn Abu Bakr
There is no methodological process by which one can confirm the existence of an object independent of the confirmatory process involving oneself. The outside is a void, there is only the inside. A person's world, the inside or internal view is all that can be known. The rest can only be the object of speculation.
Karl E. Weick
By marrying experiment to speculation, we put ourselves in a dimmer version of the circumstance of the Creator. We remake nature or we imagine it remade. By this expedient we free ourselves, if only partly and tentatively, from suspicion of our beliefs, and we live once again, unafraid, in the light of the actual.
Roberto Mangabeira Unger
Much of social science has been built as a citadel against metaphysics and politics. Faithful to the outlook produced by the modern revolt against ancient philosophy, the classic social theorists were anxious to free themselves first from the illusions of metaphysics, then from the seeming arbitrariness of political judgments. They wanted to create a body of objective knowledge of society that would not be at the mercy of philosophical speculation or political controversy, and, up to a point, they succeeded. But now we see that to resolve its own dilemmas, social theory must again become, in a sense, both metaphysical and political. It must take a stand on issues of human nature and human knowledge for which no "scientific" elucidation is, or may ever be, available. And it must acknowledge that its own future is inseparable from the fate of society.
Roberto Mangabeira Unger
That is the central idea of our current tradition. It is the idealization of the mass and the negation of the individual; its panacea, its method of realization, is political direction; its goal, as always, is the undefined Good Society... The aim of pedagogy today is not to prepare the individual for his own enjoyment of life, but to enable him to better serve the mass machine; the psychologist makes adjustment to mass-thought the measure of healthy thinking and living; jurisprudence puts social responsibility ahead of individual responsibility; the concern of the scientist in the discovery of principles is secondary to his preoccupation with mass production; the economist studies institutions, not people; and philosophy rejects speculation as to the nature of man or the purpose of life as effort that might better be put to the practical problems of society. Ours is the culture of ‘the all,' rather than ‘the one.
Frank Chodorov
The amazing number of species; their curious forms, so infinitely varied, and yet so nearly and gradually approximating through an endless series of transitions from one species to another; the diversity of structure observable in those parts which afford generic characters, added to the wonderful changes in form which they undergo, with their surprising economy - are circumstances which contribute to render them objects of most curious speculation to the philosopher. And although the study of every class of animals is most indisputably attended with peculiar advantages, yet we shall venture to affirm, that is from a knowledge of the characters, metamorphoses, and various modes of life, this little animals are destined to pursue, that [the natural philosopher] will obtain a more intimate acquaintance with the great laws of nature, and veneration for the Great Creator of all, that can be derived from the contemplation of any other class in nature.
William Elford Leach
