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Theory Quotes

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Theory Quotes

“From the equilibrium and spontaneous order of Adam Smith and his heirs, from invisible-handed markets and perfect competition, supply and demand, and rewards and punishments, I was pushed to theories of disequilibrium and disorder, and information and noise, as the keys to understanding economic progress.”

“My hands are heavy and most importantly they are very fast. I have been called the fastest white man alive. I don't work submissions and not because I am trying to prove something I'm just frankly not very good at 'em. I am very good at getting away. I've never fought anybody whether it was in practice or competition who could hold me down. Even if I thought I could get a submission I'm not laying underneath a grown man with my legs spread on worldwide T.V. Some guys subscribe to that theory but I am a Republican and we don't do that”

“Adam Smith's image of competition in the marketplace was intended as an adjunct to his detailed description of human motivation in The Theory of Moral Sentiments , in which the pursuit of profit is tempered at every juncture by sympathy and benevolence, and by the posture of the "impartial spectator" which is forced on us by our moral nature.”

“Knowledge is not a series of self-consistent theories that converges toward an ideal view; it is rather an ever increasing ocean of mutually incompatible (and perhaps even incommensurable) alternatives, each single theory, each fairy tale, each myth that is part of the collection forcing the others into greater articulation and all of them contributing, via this process of competition, to the development of our consciousness.”