A Quote by El-P
I remember listening to 'Low End Theory': I had been kicked out of high school. I was in GED school in the LES, and all I could do was listen to 'Low End Theory.' I was in a strange time in my life, and 'Low End Theory' kind of defined that time.
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The tradition of Chicago price theory is a good one, and it is a low-tech methodology that tries to apply simple economic theory to the world.
When an entrant competitor attacks the low end of any market, the rational reaction of the incumbent firms is to abandon rather than defend it - because the low end is the least profitable of their possible investments.
When we blew the first atomic bomb at White Sands near the end of the war, nobody knew what was going to happen. There was a theory that the chain reaction would continue forever. And we would have created a little tiny sun out there in the desert that would burn until the end of the universe. It wasn't a widely held theory but it was a theory that nobody had a way of disproving. There were people who thought it wouldn't go off at all, that it would simply sit out there and melt and produce a great big dirty cloud of radioactivity. Nobody knew.
I grew up very poor, so I learned how to stretch a dollar. It's nice to combine high-end with low-end or whatever-end you want.
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.
There was a time, before I was in graduate school, when political philosophy pretty much ceased to exist. The positivists thought there were only two things you could do: conceptual analysis or empirical investigation. Any kind of political theory or even ethical theory was nonsense.
I wanted Season 2 of Luke Cage to be Ice Cube's 'Death Certificate,' or Fugees' 'The Score,' or Public Enemy's 'It Takes a Nation of Millions to Hold Us Back,' or my favorite, 'The Low End Theory' by A Tribe Called Quest.
When I was in high school, I was really into string theory and superstring theory and read 'Scientific American.' It's fascinating.
..if the beginning of the thought or theory is not rooted in reality, the end or the final results of such a thought or theory could well be disastrous in practice.
I have a theory that there's almost this primal viewpoint on women in the business, that once you're beyond childbearing age, you are perceived as nonthreatening, nonsexual, noncastable. Sure, I already knew it before I got into it. I just didn't know I'd end up making my living from low-budget, independent films.
Perhaps the most extraordinary popular delusion about violence of the past quarter-century is that it is caused by low self-esteem. That theory has been endorsed by dozens of prominent experts, has inspired school programs designed to get kids to feel better about themselves, and in the late 1980s led the California legislature to form a Task Force to Promote Self-Esteem. Yet Baumeister has shown that the theory could not be more spectacularly, hilariously, achingly wrong. Violence is a problem not of too little self-esteem but of too much, particularly when it is unearned.
The more evolutionary theory gets called an atheistic theory, the greater the risk that it will lose its place in public school biology courses in the United States. If the theory is thought of in this way, one should not be surprised if a judge at some point decides that teaching evolutionary theory violates the Constitutional principle of neutrality with respect to religion.
I picked economics at the end of my undergraduate time because it seemed to be a really nice combination of theory, including mathematical theory on one hand, and things that are quite practical that you can touch and see and feel. So I picked it, and I consciously thought of it as an experiment to see if I liked it. And it worked.
High prices can be the result of speculation, and maybe plunging prices can be attributed to the end of speculation, but low prices over time aren't caused by speculation. That's oversupply, mainly by Saudi Arabia flooding the market with low-priced oil to discourage rival oil producers, whether it's Russian oil or American fracking.
They say for every high high there must be a low low low low low
He who is the servant of all is their true master. He never becomes a leader in whose love there is a consideration of high or low. He whose love knows no end and never stops to consider high or low has the whole world lying at his feet.
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