A Quote by John Maynard Keynes
If human nature felt no temptation to take a chance there might not be much investment merely as a result of cold calculation.
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The only thing that one really knows about human nature is that it changes. Change is the one quality we can predicate of it. The systems that fail are those that rely on the permanency of human nature, and not on its growth and development. The error of Louis XIV was that he thought human nature would always be the same. The result of his error was the French Revolution. It was an admirable result.
... much seemingly chance variation in human behavior is not due to chance; it is in fact the logical result of a few basic, observable differences in mental functioning.
A skyscraper is at the same time a triumph of the machine and a tremendous emotional experience, almost breath-taking. Not merely its height but its mass and proportions are the result of an emotion, as well as of calculation.
The art of investment has one characteristic that is not generally appreciated. A creditable, if unspectacular, result can be achieved by the lay investor with a minimum of effort and capability; but to improve this easily attainable standard requires much application and more than a trace of wisdom. If you merely try to bring just a little extra knowledge and cleverness to bear upon your investment program, instead of realizing a little better than normal results, you may well find that you have done worse.
Many people genuinely do not want to be saints, and it is probable that some who achieve or aspire to sainthood have never felt much temptation to be human beings.
I emphasize that virtually every engineering calculation is ultimately a failure calculation, because without a failure criterion against which to measure the calculated result, it is a meaningless number.
Nature seems to have poured forth her riches so without calculation, merely to mark the fullness of her joy.
You might think I lost all hope at that point. I did. And as a result I perked up and felt much better.
Deaths, births, and marriages, considering how much they are separately dependent on the freedom of the human will, should seem to be subject to no law according to which any calculation could be made beforehand of their amount; and yet the yearly registers of these events in great countries prove that they go on with as much conformity to the laws of nature as the oscillations of the weather.
There will be little rubs and disappointments everywhere, and we are all apt to expect too much; but then, if one scheme of happiness fails, human nature turns to another; if the first calculation is wrong, we make a second better: we find comfort somewhere.
poverty has no causes. Only prosperity has causes. Analogically, heat is a result of active processes; it has causes. But cold is not the result of any processes; it is only the absence of heat. Just so, the great cold of poverty and economic stagnation is merely the absence of economic development.
There is much in nature against us. But we forget:
Take nature altogether since time began,
Including human nature, in peace and war,
And it must be a little more in favor of man.
Yes - Action is the key! Cuz - when we take action we get a result - it might not always be the result we want but nevertheless it's a result - something we can learn from.
I cannot anyhow be contented to view this wonderful universe, and especially the nature of man, and to conclude that everything is the result of brute force. I am inclined to look at everything as resulting from designed laws, with the details, whether good or bad, left to the working out of what we call chance. Not that this notion at all satisfies me. I feel most deeply that the whole subject is too profound for the human intellect. A dog might as well speculate on the mind of Newton. Let each man hope and believe what he can.
Since all human governments, like all human individuals, are subject to temptation, especially the temptation to use this God-given role for their own ends, there must be clear and wise critique, and holding to account.
We should simply accept the fact that the way machines make decisions is different, and rather look at the result. If machines are providing results that we are looking for, you would mind how much human understanding was used in the process. And more likely we should look for the way of combining human skills and machine skills. And that, I believe, is the future role of humanity, is just to make sure it will be using this immense power of brute force of calculation for our benefit.
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