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Theory Quotes

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Theory Quotes

“Economic theory is the most prestigious subject of instruction and study. Agricultural economics, labor economics and marketing are lower caste fields of study.”

Study Economic Subjects Fields Theory Economics Labor Marketing Instruction Castes Economic Theory Prestigious

Book:the new industrial state

Source: the new industrial state

“The error in positivism is that it takes as its standard of truth the contingently given division of labor, that between the science and social praxis as well as that within science itself, and allows no theory that could reveal the division of labor to be itself derivative and mediated and thus strip it of its false authority.”

Wells Given Social Theory Authority Standards Labor Errors Division Derivatives Division Of Labor Positivism Praxis

Book:Critical Models: Interventions and Catchwords

Source: Critical Models: Interventions and Catchwords

“A crackpot theory. Instead of saying labor's exploited, as Marx did, Kelso says capital's exploited. It's worse than Marx. It's Marx stood on its head.”

Politics Economy Theory Labor Liberalism Crackpots

Author:Milton Friedman

“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.”

“And, partly, I had found that theory-structure was a superpower in helping one get what one wanted. As I had early discovered in school wherein I had excelled without labor, guided by theory, while many others, without mastery of theory failed despite monstrous effort. Better theory I thought had always worked for me and, if now available could make me acquire capital and independence faster and better assist everything I loved.”

Ifs Helping Wanted School Found Effort Theory Labor Independence Structure Investing Available Despite Faster Acquire Mastery Monstrous Superpower

Author:Charlie Munger

“Because of their historical theory of the "alienation of labor" (that the worker must become less and less in control of the work of his hands) the Marxist parties never fought for the man-worthy job itself.”

Men Hands Jobs Party Theory Labor Historical Workers Worthy Alienation Marxist

Book:Growing Up Absurd: Problems of Youth in the Organized Society

Source: Growing Up Absurd: Problems of Youth in the Organized Society

“Most of Marx's predictions have failed to materialize, and his labor theory of value and other ideas have been proven wrong. Marx failed to recognize the incentive system built into the capitalist model - consumer choice and the profit motive of the entrepreneur. The irony is that capitalism, not socialism or Marxism, that has liberated the worker from the chains of poverty, monopoly, war, and oppression, and has better achieved Marx's vision of a millennium of hope, peace, abundance, leisure, and aesthetic expression for the 'full' human being.”

“My theory of self-made men is, then, simply this; that they are men of work. Whether or not such men have acquired material, moral or intellectual excellence, honest labor faithfully, steadily and persistently pursued, is the best, if not the only, explanation of their success... All human experience proves over and over again, that any success which comes through meanness, trickery, fraud and dishonour, is but emptiness and will only be a torment to its possessor.”

Source: The Essential Douglass: Selected Writings and Speeches

“Maybe one way to think about it would be in the context of the historical development of germ theory. The problem of childbed fever was not significant until the development of a male-dominated medical establishment made possible the situation in which a professional might move from touching a corpse (for the purposes of study) to putting his unwashed hands up against, or into, a woman in labor.”