“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.” OrderUnderstandingPerfectProgressEconomicInformationTheoryKeysDemandEconomicsCompetitionRewardsPunishmentInvisibleNoiseDisorderAdamSpontaneousEquilibriumHeirsSupply And DemandReward And PunishmentEconomic ProgressDisequilibriumPerfect Competition Book:Knowledge and Power: The Information Theory of Capitalism and How it is Revolutionizing our World Source: Knowledge and Power: The Information Theory of Capitalism and How it is Revolutionizing our World
“An old French mathematician said: "A mathematical theory is not to be considered complete until you have made it so clear that you can explain it to the first man whom you meet on the street." This clearness and ease of comprehension, here insisted on for a mathematical theory, I should still more demand for a mathematical problem if it is to be perfect; for what is clear and easily comprehended attracts, the complicated repels us.” IfsMenShouldFirstsMadeSaidStillsProblemPerfectClearStreetsTheoryDemandComplicatedMade ItMathematicalEaseMathematicianComprehensionClearnessMathematical Problems Author:David Hilbert
“The NSF study projected a shortfall of 675,000 scientists and engineers without considering the future demand for such individuals in the marketplace. It simply observed a decline in the number of 22-year-olds and projected that this demographic trend would result in a huge shortfall. This could be termed the supply-side theory of labor market analysis. But making labor market projections without considering the demand side of the equation doesn't pass the laugh test with experts in the field.” YearsIndividualSidesResultsNumbersLaughingStudyFieldsTheoryHugeDemandLaborTestsScientistAnalysisExpertsTrendsDeclineEngineersConsideringEquationsProjectionMarketplaceDemographicsScientists And Engineers Author:Howard Wolpe
“Modern psychology teaches that experience is not merely the best teacher, but the only possible teacher.. There is no war between theory and practice. The most valuable experience demands both, and the theory should supplement the practice and not precede it.” ShouldWarTeachPracticePsychologyTeacherModernTheoryDemandValuableSupplementsBest TeacherNo WarTheory And PracticeModern Psychology Author:Charles Kettering
“There are varieties of theories of revolution. According to one of these theories, only one of these theories, revolutions occur when there is an explosion of rising expectation. And amongst the lower strata in Iranian society, we are witnessing an increasing rise of the expectation and it's clear that the regime is incapable of satisfying these demands.” ClearTheoryRevolutionDemandExpectationsVarietyRisingSatisfyingRegimesIncapableExplosionsIranian Author:Akbar Ganji