A Quote by Margaret Thatcher
Economics are the method; the object is to change the soul.
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If thinking is like perceiving, it must be either a process in which the soul is acted upon by what is capable of being thought, or a process different from but analogous to that. The thinking part of the soul must therefore be, while impassable, capable of receiving the form of an object; that is, must be potentially identical in character with its object without being the object. Mind must be related to what is thinkable, as sense is to what is sensible.
Object in/ and space - the first impulse may be to give the object - a position - to place the object. (The object had a position to begin with.) Next - to change the position of the object. - Rauschenberg's early sculptures - A board with some rocks on it. The rocks can be anywhere on the board. - Cage's Japanese rock garden - The rocks can be anywhere (within the garden).
Science no longer is in the position of observer of nature, but rather recognizes itself as part of the interplay between man and nature. The scientific method ... changes and transforms its object: the procedure can no longer keep its distance from the object.
Luxury is a difficult object to describe - it's been the object of hundreds of years of discussion. We definitely don't need it, but it's good for the soul.
Perhaps the most widespread misunderstanding of economics is that it applies solely to financial transactions. Frequently this leads to statements that "there are noneconomic values" to consider. There are, of course, noneconomic values. Indeed, there are only noneconomic values. Economics is not a value itself but merely a method of trading off one value against another.
We are 25 years too late. If the object is to avoid dangerous change, we've already had it. The object now is to avoid really dangerous change.
One of the most important skills of the economist, therefore, is that of simplification of the model. Two important methods of simplification have been developed by economists. One is the method of partial equilibrium analysis (or microeconomics), generally associated with the name of Alfred Marshall and the other is the method of aggregation (or macro-economics), associated with the name of John Maynard Keynes.
I definitely consider myself a Method actor, because of my training. I might dispute what people consider a Method actor to be. For my money, a Method actor is an actor who has a technique. That has a method. And not one method, but whatever might be required. So a Method actor is always learning.
Things have different qualities, and the soul different inclinations; for nothing is simple which is presented to the soul, and the soul never presents itself simply to any object. Hence it comes that we weep and laugh at the same thing.
Interestingly, human irrationality is a hot topic in economics at the moment. Behavioural economics it's called, on the cusp of economics and psychology.
Hatred is the fury of those who do not share our goals, and its object is death and destruction. Anger is a grief of distortions between peers, and its object is change.
But a science is exact to the extent that its method measures up to and is adequate to its object.
Soul and body, I suggest react sympathetically upon each other. A change in the state of the soul produces a change in the shape of the body and conversely, a change in the shape of the body produces a change in the state of the soul.
Neither fear nor self-interest can convert the soul. They may change the appearance, perhaps even the conduct, but never the object of supreme desire... Fear is the motive which constrains the slave; greed binds the selfish man, by which he is tempted when he is drawn away by his own lust and enticed (James 1:14). But neither fear nor self-interest is undefiled, nor can they convert the soul. Only charity can convert the soul, freeing it from unworthy motives.
It economics is a method rather than a doctrine, an apparatus of the mind, a technique of thinking which helps its possessor to draw correct conclusions.
I believe that when people invite their soul into the present moment - especially when their bodies and minds are encountering that experience of sudden and abrupt change - the wisdom of the soul allows them to experience the change differently. It literally re-contextualizes the change itself and we have a deeper, richer, more profound understanding of what is really going on.
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