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Theory Quotes

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Theory Quotes

“As a graduate student at Columbia University, I remember the a priori derision of my distinguished stratigraphy professor toward a visiting Australian drifter [a supporter of the theory of continental drift]. Today my own students would dismiss with even more derision anyone who denied the evident truth of continental drift - a prophetic madman is at least amusing; a superannuated fuddy-duddy is merely pitiful.”

“If, of course, one builds into the concept of an 'individual' all that Professor Hayek does in his Road To Serfdom, Individualism and Economic Order and many other works, which is, to put it briefly, the whole of laisser-faire economic theory, then plainly man as such a programmed predator has very little interest in being fraternal, or very little chance.”

“(T)he most important reason American leftists love France is that French elites say bad things about America. French intellectuals call us racist, stupid, imperialistic, simplistic, etc. ' and that alone is proof of their intellectualism. So long as you call America “racist,” you could add that an enema is as good as a toothbrush and some professor of “communications theory” would applaud.”

“We must take the best from the left and the best from the right to devise new strategies for the global twenty-first century. The reluctance of liberal professors to speak out against rampant abuses committed on their side (e.g., suppression of free speech, the excesses of women's studies and French theory) has simply increased the power of the right.”

“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.”

“Don't ever let anyone tell you that history doesn't repeat. For 70 years, liberals have been spinning the yarn that FDR's New Deal, despite all the evidence that it exacerbated and prolonged the Great Depression, quickened our economic recovery. Indeed, I remember scratching my head when one of my college history professors in the 1970s tried to convince us of that theory and its corollary - an even better howler - that FDR was actually a conservative, because if he hadn't implemented his socialist programs, the republic would have died right there.”