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Theory Quotes

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Theory Quotes

“My theory is that everything went to hell with Prohibition, because it was a law nobody could obey. So the whole concept of the rule of law was corrupted at that moment. Then came Vietnam, and marijuana, which clearly shouldn't be illegal, but is. If you go to jail for ten years in Texas when you light up a joint, who are you? You're a lawbreaker. It's just like Prohibition was. When people accept breaking the law as normal, something happens to the whole society, you see?”

“Normal science, the activity in which most scientists inevitably spend most all their time, is predicated on the assumption that the scientific community knows what the world is like. Normal science often suppresses fundamental novelties because they are necessarily subversive of its basic commitments.”

“The theory of democratic government is not that the will of the people is always right, but rather that normal human beings of average intelligence will, if given a chance, learn the right and best course by bitter experience.”

“I am often talking about the ideas collected in Normal Life in contexts that are not academic, or that are full of people who are not primarily engaging as theorists or theory-readers. Being able to make ideas visual, especially critical ideas about movements that can be difficult to hear because of attachments we have to certain national narratives, or because of ways that we see ourselves, is especially useful.”

“In certain circumstances, financial markets can affect the so-called fundamentals which they are supposed to reflect. When that happens, markets enter into a state of dynamic disequilibrium and behave quite differently from what would be considered normal by the theory of efficient markets. Such boom/bust sequences do not arise very often, but when they do, they can be very disruptive, exactly because they affect the fundamentals of the economy.”