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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.”

“Science has been effective at furthering our understanding of nature because the scientific ethos is based on three key principles: (1) follow the evidence wherever it leads; (2) if one has a theory, one needs to be willing to try to prove it wrong as much as one tries to prove that it is right; (3) the ultimate arbiter of truth is experiment, not the comfort one derives from one's a priori beliefs, nor the beauty or elegance one ascribes to one's theoretical models.”

“Music, also, the architect ought to understand so that he may have knowledge of the canonical and mathematical theory, and besides be able to tune ballistae , catapultae, and scorpiones to the proper key. For to the right and left in the beams are the holes in the frames through which the strings of twisted sinew are stretched by means of windlasses and bars, and these strings must not be clamped and made fast until they give the same correct note to the ear of the skilled workman.”

“One's own free unfettered choice, one's own caprice-however wild it may be, one's own fancy worked up at times to frenzy-is that very "most advantageous advantage" which we have overlooked, which comes under no classification and against which all systems and theories are continually being shattered to atoms... [an]will attain his object-that is, convince himself he is a man and not a piano-key!”

“Developing emotional intelligence is one way to protect yourself from damaging relationships. Emotional intelligence is a science that has been studied and researched for over a decade. According to the theories, mutual respect and effective communication are key.”

“One has to spend so many years in learning how to be happy. I am just beginning to make some progress in the science, and I hope to disprove Young's theory that "as soon as we have found the key of life it opes the gates of death." Every year strips us of at least one vain expectation, and teaches us to reckon some solid good in its stead. I never will believe that our youngest days are our happiest. What a miserable augury for the progress of the race and the destination of the individual if the more matured and enlightened state is the less happy one!”

“It is thus hardly surprising that so many of the great minds in recent history have concerned themselves with economic matters. Indeed, they have come to regard economic theory in precisely the same way the ancient philosophers viewed the heavens - as the key to understanding and controlling our fate.”