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Theory Quotes

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Theory Quotes

“Such abstraction which refuses to accept the given universe of facts as the final context of validation, such "transcending" analysis of the facts in the light of their arrested and denied possibilities, pertains to the very structure of social theory.”

“To avert the danger [posed by theory] to life, Nietzsche could choose one of two ways: he could insist on the strictly esoteric character of the theoretical analysis of life - that is, restore the Platonic notion of the noble delusion - or else he could deny the possibility of theory proper and so conceive of thought as essentially subservient to, or dependent on, life or fate... If not Nietzsche himself, at any rate his successors [Heidegger] adopted the second alternative.”

“The possibility that stock value in aggregate can become irrationally high is contrary to the hard-form "efficient market" theory that many of you once learned as gospel from your mistaken professors of yore. Your mistaken professors were too much influenced by "rational man" models of human behavior from economics and too little by "foolish man" models from psychology and real-world experience.”