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Important Quotes

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Important Quotes

“The most important feature of an information economy, in which information is defined as surprise, is the overthrow, not the attainment, of equilibrium. The science that we have come to know as information theory establishes the supremacy of the entrepreneur because it appreciates the powerful connection between destruction and what Schumpeter described as "creative destruction," between chaos and creativity.”

“There are two ways of forming an opinion. One is the scientific method; the other, the scholastic. To the scientific mind, experimental proof is all-important, and theory is merely a convenience in description, to be junked when it no longer fits. To the academic mind, authority is everything, and facts are junked when they do not fit theory.”

“This whole theory [of John Law and Jean Terrasson], as dear to French financial schemers in the eighteenth century as to American "Greenbackers" in the nineteenth, had resulted, under the Orleans Regency and Louis XV, in ruin to France financially and morally, had culminated in the utter destruction of all prosperity, the rooting out of great numbers of the most important industries, and the grinding down of the working people even to starvation.”

“I was lucky to wander into evolutionary theory, one of the most exciting and important of all scientific fields. I had never heard of it when I started at a rather tender age; I was simply awed by dinosaurs. I thought paleontologists spent their lives digging up bones and putting them together, never venturing beyond the momentous issue of what connects to what. Then I discovered evolutionary theory. Ever since then, the duality of natural history-richness in particularities and potential union in underlying explanation-has propelled me.”

“An important tradition within westren philosophy believes in the primacy of natural science as a guide to truth. This is sometimes met with the charge that such an allegiance amounts to scientism - the view that the only things that really exist are those recognized by fundamental physical theory, and that the only forms of genuine knowledge are scientific ones.”