Lighthouse Quotes - page 2
Samuelson says I was wrong and he was right, and he froths at the mouth when people talk about the lighthouse example. He says Coase is wrong; he doesn't overcome the free rider problem. Who are the free riders? The foreign ships going past the British coast which do not call at a British port. Using Samuelson's approach, what do you do? Do you ask the foreign governments to give you a subsidy? Do you tax people in Britain because the foreign ships are getting help without paying for it? What do you do?
My approach is to compare the alternatives. People like Samuelson like to set up a perfect world and say that the market does not bring us to this point and imply that the government should do something. They stop their analysis at that point.
Paul Samuelson
If the rich man regarded the sermon as a means of grace, as a kind of rope thrown by the minister to a man just above the falls; if he regarded it as a lifeboat, or as a lighthouse, he would not allow his coachman to remain outside. If he really believed that the coachman had an immortal soul, capable of eternal joy, liable to everlasting pain, he would do his utmost to make the calling and election of the said coachman sure. As a matter of fact the rich man now cares but little for servants. They are not included in the scheme of salvation, except as a kind of job lot. The church has become a club. It is a social affair, and the rich do not care to associate in the week days with the poor they may happen to meet at church. As they expect to be in heaven together forever, they can afford to be separated here. There will certainly be time enough there to get acquainted.
Robert G. Ingersoll
We need in this modern world... an incredible number of very highly trained technicians and professional men... But nothing will be gained unless [they] are also educated as citizens... to know about the ends, the beliefs, the purposes, to... which their craft and skill is to contribute... about the basic issues which... every generation of free men has had to decide... [I]t is the liberal arts... that is our lighthouse in the dark and uncharted waters of the postwar world.
Peter Drucker
