Contractual Quotes
The Declaration of Arbroath of 1320 ... was a challenge not just to the ambitions of our neighbour but too many of the accepted views of that time. As a statement of the 'community of the realm', the Declaration of Arbroath may be Europe's first statement of a contractual relationship between government and citizens.
Alex Salmond
Think of the firm as a gigantic tub of whole milk. The farmer can sell the whole milk as it is. Or he can separate out the cream, and sell it at a considerably higher price than the whole milk would bring. (Selling cream is the analog of a firm selling debt securities, which pay a contractual return.) But, of course, what the farmer would have left would be skim milk, with low butter-fat content, and that would sell for much less than whole milk. (Skim milk corresponds to the levered equity.) The Modigliani-Miller proposition says that if there were no cost of separation (and, of course, no government dairy support program), the cream plus the skim milk would bring the same price as the whole milk.
Merton Miller
Because internal organization experiences added bureaucratic costs, the firm is usefully thought as the organization of last resort: try markets, try hybrids (long term contractual relations into which security features have been crafted), and resort to firms when all else fails.
Oliver E. Williamson
In Islam, men and women are moral equals in God's sight and are expected to fulfill the same duties of worship, prayer, faith, almsgiving, fasting, and pilgrimage to Mecca. Islam generally improved the status of women compared to earlier Arab cultures, prohibiting female infanticide and recognizing women's full personhood. Islamic law emphasizes the contractual nature of marriage, requiring that a dowry be paid to the woman rather than to her family, and guaranteeing women's rights of inheritance and to own and manage property. Women were also granted the right to live in the matrimonial home and receive financial maintainance during marriage and a waiting period following death and divorce.
John Esposito
Well, I have been a strong supporter of ending discrimination, and particularly focusing on hate crimes and workplace bias and the like. And in our country, the issue of same-sex marriage, which is a -- is a matter left to each state, each state sets the rules -- is proceeding on a state-by-state basis. I think that is the best way for it to proceed. I have not supported same-sex marriage. I have supported civil partnerships and contractual relationships.
Hillary Clinton
A border is a completely imaginary line on a paper or cybernetic map that has no genuine counterpart in the real world. Do not mistake it for a property line. It is possible, in some instances, for a border to be congruent with a property line, but they are not the same thing at all. One represents the geographical limit of a military and political claim to authority over a given territory. The other is part of the description of something - in this case, land - lawfully owned by an individual or a voluntary and contractual association of individuals.
L. Neil Smith
The organism of the Western society and culture seems to be undergoing one of the deepest and most significant crises of its life. The crisis is far greater than the ordinary; its depth is unfathomable, its end not yet in sight, and the whole of the Western society is involved in it. It is the crisis of a Sensate culture, now in its overripe stage, the culture that has dominated the Western World during the last five centuries. It is also the crisis of a contractual (capitalistic) society associated with it. In this sense we are experiencing one of the sharpest turns in the historical road.
Pitirim Sorokin
