The decisive weakness in neoclassical and neo-Keynesian economics is not the error in the assumptions by which it elides the problem of power. The capacity for erroneous belief is very great, especially where it coincides with convenience. Rather, in eliding power - in making economics a nonpolitical subject - neoclassical theory destroys its relation to the real world. In that world, power is decisive in what happens. And the problems of that world are increasing both in number and in the depth of their social affliction. In consequence, neoclassical and neo-Keynesian economics is relegating its players to the social sidelines where they either call no plays or use the wrong ones. To change the metaphor, they manipulate levers to which no machinery is attached.
John Kenneth GalbraithRelated topics
call change depth economics error great increasing machinery making metaphor number ones power problem real use weakness wrong neoclassicalRelated quotes
The idea of not having a Deity that he could not comprehend had long been one of Roswell Gardiner's favourite rules of faith. He did not understand by this pretending dogma, that he was, in any respect, of capacity equal to comprehend with that of the Divine Being, but simply that he was not to be expected or required to believe in any theory which manifestly conflicted with his knowledge and experience, as both were controlled by the powers of induction he had derived directly from his Creator. In a word, his exception was one of the most obvious of the suggestions of the pride of reason, and just so much in direct opposition to the great law of regeneration, which has its very gist in the converse of this feeling --Faith.
James Fenimore Cooper
Dr Williams's book is about a number of nineteenth-century French writers who caught syphilis and probably died of paresis. They are Baudelaire, Jules de Goncourt, Flaubert, Guy de Maupassant and Daudet. A similar book could probably be written about nineteenth-century British writers, including such unlikely victims of syphilis as John Keats and Edward Lear. People were not so frightened of the disease as we are. Few physicians saw the connection between cerebral degeneration and the primary chancre: when the secondary stage of the infection had healed, it was generally assumed that everything was over and lightning would not strike the tree again. This was Baudelaire's belief. One could even rejoice at picking up the pox: it was not merely an inoculation; it advertised one's virility to the world....
Anthony Burgess
Experience also shows that to be effective, we must adopt a model of partnership, not paternalism. This approach is based on our conviction that people in the developing world have the capacity to improve their own lives, and will rise to meet high expectations if we set them. America has sought to apply this model in our Emergency Plan for AIDS Relief. Every nation that receives American support through this initiative develops its own plan for fighting HIV/AIDS and measures the results. And so far, these results are inspiring. Five years ago, 50,000 people in sub-Sahara Africa were receiving treatment for HIV/AIDS. Today, that number is nearly 1.7 million. We're taking a similar approach to fighting malaria, and so far, we've supported local efforts to protect more than 25 million Africans.
George W. Bush
The professional administrators - especially those at higher levels - serve key roles at the boundary of the organization, between the professionals inside and interested parties - governments, client associations, and so on - on the outside. On the one hand, the administrators are expected to protect the professionals' autonomy, to "buffer" them from external pressures. On the other hand, the administrators are expected to woo these outsiders to support the organization, both morally and financially. Thus, the external roles of the manager-maintaining liaison contacts, acting as figurehead and spokesman in a public relations capacity, negotiating with outside agencies-emerge as primary ones in professional administration.
Henry Mintzberg
If you have weapons, take them home; if you do not have them, please do not seek to get them. We cannot solve this problem through retaliatory violence. We must meet violence with nonviolence. Remember the words of Jesus: «He who lives by the sword will perish by the sword.» We must love our white brothers, no matter what they do to us. We must make them know that we love them. Jesus still cries out in words that echo across the centuries: «Love your enemies; bless them that curse you; pray for them that despitefully use you.» This is what we must live by. We must meet hate with love. Remember, if I am stopped, this movement will not stop, because God is with the movement. Go home with this glowing faith and this radiant assurance.
Martin Luther King Jr.