Quotessence
Home / Quotes / Quote by John Quiggin

Quote by John Quiggin

“In philosophical terms, the opposite of rationalism is not irrationalism but empiricism, that is, a willingness to form beliefs on the basis of experience rather than from a priori deduction. Empirical evidence never yields the dogmatic certainty that accompanies logical deduction.”

Quote by John Quiggin

Author

John Quiggin
John Quiggin

John Quiggin is an Australian economist renowned for his research in public policy and economic theory. His work spans various fields, including macroeconomic policy, income distribution, and economic development. Professor Quiggin teaches at the Australian National University, where he is a respected scholar in the field. more

You May Also Like

“The absurdity of public-choice theory is captured by Nobel Prize-winning economist Amartya Sen in the following little scenario: "Can you direct me to the railway station?" asks the stranger. "Certainly," says the local, pointing in the opposite direction, towards the post office, "and would you post this letter for me on your way?" "Certainly," says the stranger, resolving to open it to see if it contains anything worth stealing.”

“Throughout the history of the Internet, most of the innovation has come as a by-product of efforts to facilitate communication within social groups of various kinds (academics, bloggers, peer-to-peer file sharing), rather than as the result of profit-oriented investment. Rather than taking the lead, the business and government sectors have adopted innovations developed in Internet communities, and realised significant productivity gains as a result.”

“Liberty and equality, spontaneity and security, happiness and knowledge, mercy and justice - all these are ultimate human values, sought for themselves alone; yet when they are incompatible, they cannot all be attained, choices must be made, sometimes tragic losses accepted in the pursuit of some preferred ultimate end.”

“In contrast, markets - oft mythologized as "natural" are the most unnatural things going. Libertarians will tell you "market laws are laws of nature", what baloney. Markets - and the other great modernist cornucopian tools - are magnificent wealth generating machines, built ad-hoc, through trial and error, constantly fine-tuned and refined, tinkered, adjusted.”