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Theory Quotes

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Theory Quotes

“The notion that a society could be regulated entirely by market forces is a utopian fantasy: an impossible dream generated by imagining what the world would be like if everyone's behavior was utterly consistent with some abstract moral ideal-in this case, economic theories that assume all human action is based on calculating, systematic, (but scrupulously law-abiding), greed.”

“As Eastern thought has begun to interest a significant number of people, and meditation is no longer viewed with ridicule or suspicion, mysticism is being taken seriously even within the scientific community. An increasing number of scientists are aware that mystical thought provides a consistent and relevant philosophical background to the theories of Contemporary science, a conception of the world in which the scientific discoveries of men and women can be in perfect harmony with their spiritual aims and religious beliefs.”

“We come finally, however, to the relation of the ideal theory to real world, or "real" probability. If he is consistent a man of the mathematical school washes his hands of applications. To someone who wants them he would say that the ideal system runs parallel to the usual theory: "If this is what you want, try it: it is not my business to justify application of the system; that can only be done by philosophizing; I am a mathematician". In practice he is apt to say: "try this; if it works that will justify it".”

“String theory is the most developed theory with the capacity to unite general relativity and quantum mechanics in a consistent manner. I do believe the universe is consistent, and therefore I do believe that general relativity and quantum mechanics should be put together in a manner that makes sense.”

“Scientific realism in classical (i.e. pre-quantum) physics has remained compatible with the naive realism of everyday thinking on the whole; whereas it has proven impossible to find any consistent way to visualize the world underlying quantum theory in terms of our pictures in the everyday world. The general conclusion is that in quantum theory naive realism, although necessary at the level of observations, fails at the microscopic level.”

“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.”

“My basic approach is to recognize that mainstream legal theories of contract have been muddied by unlibertarian and positivistic conceptions of law and rights. Questions about what rights are "alienable" or not, loose talk about how promises should be "binding," etc., highlight the need for clarity in this area. In my view, to sort these issues out one needs a very clear and consistent understanding of the nature of property rights and ownership.”

“Yet the widespread planetary theories, advanced by Ptolemy and most other astronomers, although consistent with the numerical data, seemed likewise to present no small difficulty. For these theories were not adequate unless they also conceived certain equalizing circles, which made the planet appear to move at all times with uniform velocity neither on its deferent sphere nor about its own epicycle's center.”

“The shell game that we play ... is technically called 'renormalization'. But no matter how clever the word, it is still what I would call a dippy process! Having to resort to such hocus-pocus has prevented us from proving that the theory of quantum electrodynamics is mathematically self-consistent. It's surprising that the theory still hasn't been proved self-consistent one way or the other by now; I suspect that renormalization is not mathematically legitimate.”

“I have a name for people who went to the extreme efficient market theory-which is "bonkers". It was an intellectually consistent theory that enabled them to do pretty mathematics. So I understand its seductiveness to people with large mathematical gifts. It just had a difficulty in that the fundamental assumption did not tie properly to reality.”