A Quote by Joseph A. Schumpeter
There exists no more democratic institution than the market
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It behaves more like a tribe than a democratic institution...responding to custom rather than reason and using its own liturgy and language for the conduct of its domestic affairs.
The market is regarded as democratic because everybody has a vote. Of course, some have more votes than others because your votes depend on the number of dollars you have, but everybody participates and therefore it's called democratic.
Most of what we've done at SurveyMonkey is create a market, which I would say is much harder than trying to enter a market that already exists. But if you get it right, it can become a great business.
When Southern people tell us they are no more responsible for the origin of slavery than we are, I acknowledge the fact. When it is said that the institution exists, and that it is very difficult to get rid of it in any satisfactory way, I can understand and appreciate the saying.
The government is indeed an institution, but "the market" is nothing more than an option for each individual to chose among numerous existing institutions, or to fashion new arrangements suited to his own situation and taste.
What we call the market is really a democratic process involving millions, and in some markets billions, of people making personal decisions that express their preferences. When you hear someone say that he doesn't trust the market, and wants to replace it with government edicts, he's really calling for a switch from a democratic process to a totalitarian one.
We all want merit to mean something, and we all may be tempted to reduce that meaning to something measurable and concrete like an SAT score. The reality, though, is that who deserves entry into an institution depends on what the institution exists to do.
The Fed has got to become a more democratic institution that is responsive to the needs of the middle class, not just Wall Street CEOs.
More than an institution, more than a tradition, more than a society, Masonry is one of the forms of Divine life upon earth.
I grew up as a Democrat in a very strong Democratic family, but I will tell you that the Democratic Party that exists in this country is not the Democratic Party I grew up around.
It is one thing for the institution to offer space for serious engagement, in thought and action, and to encourage free and independent use of such opportunities; it is something else for the university to become engaged as an institution, beyond a fairly narrow range where true consensus exists, and even that raises questions.
A confidence problem exists on the part of the people of the region who desire democratic rule in principle, but remain suspicious of both the fashion with which democratization is presented and the purposes of the democratic world.
Talk about slavery! It is not the peculiar institution of the South. It exists wherever men are bought and sold, wherever a man allows himself to be made a mere thing or a tool, and surrenders his inalienable rights of reason and conscience. Indeed, this slavery is more complete than that which enslaves the body alone.
In my personal opinion, Russia is no less democratic than it used to be. It is a democratic country. It is democratic enough.
In the pursuit of education, individual desire is more influential than institution, and personal faith more forceful than faculty.
You may say, 'Well, dragons don't exist.' It's, like, yes they do - the category 'predator' and the category 'dragon' are the same category. It absolutely exists. It's a superordinate category. It exists absolutely more than anything else. In fact, it really exists.
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