A Quote by Ronald Coase
Existing economics is a theoretical system which floats in the air and which bears little relation to what happens in the real world.
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General Systems Theory is a name which has come into use to describe a level of theoretical model-building which lies somewhere between the highly generalized constructions of pure mathematics and the specific theories of the specialized disciplines. Mathematics attempts to organize highly general relationships into a coherent system, a system however which does not have any necessary connections with the "real" world around us. It studies all thinkable relationships abstracted from any concrete situation or body of empirical knowledge.
Value denotes a relation reciprocally existing between two objects, and the precise relation which it denotes is the quantity of the one which can be obtained in exchange for a given quantity of the other.
No citizen of this nation is worthy of the name unless he bears unswerving loyalty to the system under which he lives, the system that gives him more benefits than any other system yet devised by man. Loyalty leaves room to change the system when need be, but only under the ground rules by which we Americans live.
As medium for reaching understanding, speech acts serve: a) to establish and renew interpersonal relations, whereby the speaker takes up a relation to something in the world of legitimate social orders; b) to represent states and events, whereby the speaker takes up a relation to something in the world of existing states of affairs; c) to manifest experiences that is, to represent oneself- whereby the speaker takes up a relation to something in the subjective world to which he has privileged access.
When I say that I am going to do an American film, I didn't want to suddenly go off into a completely different world that which bears no relation to the style of filmmaking that I'm used to.
It is probably safe to say that all the changes of factual knowledge which have led to the relativity theory, resulting in a very great theoretical development, are completely trivial from any point of view except their relevance to the structure of a theoretical system.
So far I have been speaking of theoretical science, which is an attempt to understand the world. Practical science, which is an attempt to change the world, has been important from the first, and has continually increased in importance, until it has almost ousted theoretical science from men's thoughts.
Waiting for Godot has achieved a theoretical impossibility — a play in which nothing happens, that yet keeps the audience glued to their seats. What's more, since the second act is a subtly different reprise of the first, he has written a play in which nothing happens, twice.
Re: Robert Montgomery's Poems His writing bears the same relation to poetry which a Turkey carpet bears to a picture. There are colours in the Turkey carpet out of which a picture might be made. There are words in Mr. Montgomery's writing which, when disposed in certain orders and combinations,have made, and will make again, good poetry. But, as they now stand, they seem to be put together on principle in such a manner as to give no image of anything in the heavens above, or in the earth beneath, or in the waters under the earth.
I doubt whether there is any subject in the world of equal importance that has received so little serious and articulate consideration as the economic status of the family - of its members in relation to each other and of the whole unit in relation to the other units of which the community is made up.
People do not die for us immediately, but remain bathed in a sort of aura of life which bears no relation to true immortality but through which they continue to occupy our thoughts in the same way as when they were alive. It is as though they were traveling abroad.
I'd guess blockchains will be the full-blown backbone of virtual worlds - the system for currency, assets, identity, even governance - before doing the same in the 'real world.' Which is where I think we will end up in the real world eventually; it's just a matter of which goes first and how long until it's the case for both.
Every artist is linked to a mistake with which he has a particular intimate relation. There is the mistake of Homer, of Shakespeare — which is perhaps, for both, the fact of not existing. Every art draws its origin from an exceptional fault, every work is the implementation of this original fault, from which come to us a new light and a risky conception of plenitude.
You have this world of mathematics, which is very real and which contains all kinds of wonderful stuff. And then we also have the world of nature, which is real, too.
In our definitions, we grope after the spiritual by describing it as invisible. The true meaning of spiritual is real; that law which executes itself, which works without means, and which cannot be conceived as not existing.
It is not a nature cure, a system of faith healing, or a physical culture, or a medical treatment, or a semi-occult philosophy. As to what it is, Dewey's brief but striking description appeals most and has the least chance of being proved incorrect: 'It the Alexander Technique bears the same relation to education that education itself bears to all other human activities.'
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