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Theory Quotes

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Theory Quotes

“In an information economy, entrepreneurs master the science of information in order to overcome the laws of the purely physical sciences. They can succeed because of the surprising power of the laws of information, which are conducive to human creativity. The central concept of information theory is a measure of freedom of choice. The principle of matter, on the other hand, is not liberty but limitation- it has weight and occupies space.”

“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.”

“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.”

“[T]ruly grand and powerful theories [...] do not and cannot rest upon single observations. Evolution is an inference from thousands of independent sources, the only conceptual structure that can make unified sense of all this disparate information. The failure of a particular claim usually records a local error, not the bankruptcy of a central theory. [...] If I mistakenly identify your father's brother as your own dad, you don't become genealogically rootless and created de novo. You still have a father; we just haven't located him properly.”

“We debase the richness of both nature and our own minds if we view the great pageant of our intellectual history as a compendium of new information leading from primal superstition to final exactitude. We know that the sun is hub of our little corner of the universe, and that ties of genealogy connect all living things on our planet, because these theories assemble and explain so much otherwise disparate and unrelated information not because Galileo trained his telescope on the moons of Jupiter or because Darwin took a ride on a Galápagos tortoise.”

“The purpose of scientific method is to select a single truth from among many hypothetical truths. That, more than anything else, is what science is all about. But historically science has done exactly the opposite. Through multiplication upon multiplication of facts, information, theories and hypotheses, it is science itself that is leading mankind from single absolute truths to multiple indeterminate, relative ones.”

“In fact, the science of thermodynamics began with an analysis, by the great engineer Sadi Carnot, of the problem of how to build the best and most efficient engine, and this constitutes one of the few famous cases in which engineering has contributed to fundamental physical theory. Another example that comes to mind is the more recent analysis of information theory by Claude Shannon. These two analyses, incidentally, turn out to be closely related.”

“Psychology should be the chief basic science upon which the practices of education depend. It should have supplied education with the information it needs concerning the processes of understanding, learning, and thinking, among other things. One of the difficulties has been that such theory as has been developed has been based primarily upon studies of behavior of rats and pigeons. As someone has said, some of the theory thus developed has been an insult even to the rat.”

“It is easier taking the beaten path than making our way over bogs and precipices. The great difficulty in philosophy is to come to every question with a mind fresh and unshackled by former theories, though strengthened by exercise and information.”

“We have to work sincerely and responsibly to thwart any attempt to divide the Arab nation into small groups, with which foreign countries would deal separately. This would eventually be in the interests of Zionism, which stands behind such policies, formulating the relevant theories and promoting distorted information to world politicians, especially in the West, in order to make them adopt an approach which is harmful to the Arab nation and is even against the legitimate interests of their own countries.”

“But although in theory physicists realize that their conclusions are ... not certainly true, this ... does not really sink into their consciousness. Nearly all the time ... they ... act as if Science were indisputably True, and what's more, as if only science were true.... Any information obtained otherwise than by the scientific method, although it may be true, the scientists will call "unscientific," using this word as a smear word, by bringing in the connotation from its original [Greek] meaning, to imply that the information is false, or at any rate slightly phony.”

“Consequentialist theories pretend that we can set some great big ends (the general happiness, human flourishing), provide ourselves with definite enough conceptions of them to make them the objects of instrumental reasoning, and then obtain enough reliable information about what actions will best promote them that we could regulate our conduct by these considerations alone.”

“If you have a weakness for furry slippers or something, you might end up with that kind of advertising. It's a very complicated algorithmic decision. There's no one dude who's deciding what ads are going with things, and it's very individualized also. And that's the idea of collecting information is that in theory, you're showing people things that they should want to see or for which they are a good target. So, no, there's no master person.”

“There are all sorts of institutions in the economic world which depart from the simple price/market model which I worked on in an earlier incarnation and which has been sort of the mainstream of economic theories since Adam Smith and David Ricardo. There are all sorts of contractual relations between firms and individuals which do not conform to the simple price theory - profit-sharing schemes and so forth - and the explanation for these suddenly became clear. We now understand why these emerged and that they are based on differences in information in the economy.”

“If you look at the last 150 years, about every 30 years or so, a new scientific discipline emerges that starts spinning out technologies and capturing people's imaginations. Go back to 1900: That industry was chemistry. People had chemistry sets. In the 1930s, it was the rise of physics and physicists. They build on each other. Chemists laid the experimental understanding for the physicists to build their theories. It was three physicists who invented the transistor in 1947. That started the information revolution. Today, kids get computers.”