Academics From The United States

"Disobedience, when it is not criminally but morally, religiously, or politically motivated, is almost always a collective act, and it is justified by the values of the collectivity and the mutual engagements of its members."

"According to liberal political theory, as first formulated by John Locke, any individual citizen, oppressed by the rulers of the state, has a right to disobey their commands, break their laws, even rebel and seek to replace the rulers and change the laws."

"Adorno retains the concept of the system and even makes it, as target and object of critique, the very center of his own anti-systematic thinking. ... His most powerful philosophical and aesthetic interventions are all implacable monitory reminders—sometimes in well-nigh Weberian or Foucauldian tones—of our imprisonment within system, the forgetfulness or repression of which binds us all the more strongly to it."

"There is no academic virtue in playing mediocre football and no academic vice in winning a game that by all odds one should lose...There has indeed been a surrender at Notre Dame, but it is a surrender to excellence on all fronts, and in this we hope to rise above ourselves with the help of God."

"... how works that posit the end of history can offer any usable historical impulses, how works which aim to resolve all political differences can continue to be in any sense political, how texts designed to overcome the needs of the body can remain materialistic, and how visions of the "epoch of rest" (Morris) can energize and compel us to action. There are good reasons for thinking that all these questions are undecidable: which is not necessarily a bad thing provided we continue to try to decide them."

"It seems to be easier for us today to imagine the thoroughgoing deterioration of the earth and of nature than the breakdown of late capitalism; perhaps that is due to some weakness in our imaginations."

"It would seem essential to distinguish the emergent forms of a new commercial culture - beginning with advertisements and spreading on to formal packaging of all kinds, from products to buildings, and not excluding artistic commodities such as television shows (the "logo") and best-sellers and films - from the older kinds of folk and genuinely "popular" culture which flourished when the older social classes of a peasantry and an urban artisanat still existed and which, from the mid-nineteenth century on, has gradually been colonized and extinguished by commodification and the market system."

"The problem of postmodernism - how its fundamental characteristics are to be described, whether it even exists in the first place, whether the very concept is of any use, or is, on the contrary, a mystification - this problem is a t one and the same time an aesthetic and political one."

"Fruit trees in this world are ancient and exhausted sticks coming out of poor soil; the people of the village are worn down to their skulls, caricatures of some ultimate grotesque typology of basic human feature types. How is it, then, that in Van Gogh such things as apple trees explode into a hallucinatory surface of color, while his village stereotypes are suddenly and garishly overlaid with hues of red and green?"

"If we are unable to unify the past, present, and future of the sentence, then we are similarly unable to unify the past, present, and future of our own biographical experience or psychic life."

"Theories of the postmodern - whether celebratory or couched in the language of moral revulsion and denunciation - bear a strong family resemblance to all those more ambitious sociological generalizations which, at much the same time, bring us the news of the arrival and inauguration of a whole new type of society, most famously baptized "postindustrial society"(Daniel Bell) but often also designated consumer society, media society, information society, electronic society, or high tech and the like. Such theories have the obvious ideological mission of demonstrating, to their own relief, that the new social formation in question no longer obeys the laws of classical capitalism, namely, the primacy of industrial production and the omnipresence of class struggle."

"If the ideas of a ruling class were once the dominant (or hegemonic) ideology of bourgeois society, the advanced capitalist countries today are now a field of stylistic and discursive heterogeneity without norm. Faceless masters continue to inflect the economic strategies which constrain our existence, but they no longer need to impose their speech (or are henceforth unable to); and the postliteracy of the late capitalist world reflects not only the absence of any great collective project but also the unavailability of the older national language itself."

"The last few years have been marked by an inverted millenarianism in which premonition of the future, catastrophic or redemptive, have been replaced by senses of the end of this or that (the end of ideology, art, or social class; the "crisis" of Leninism, social democracy, or the welfare state, etc., etc.,); taken together, all of these perhaps constitute what is increasing called postmodernism."

"Utopia is a spatial matter that might be thought to know potential change in fortunes in so spatialized a culture as the postmodern; but if this last is a dehistoricized and dehistorizing as I some times claim here, the synaptic chain that might lead the Utopian impulse to expression becomes harder to localize. Utopian representations knew an extraordinarily revival in the 1960's; if postmodernism is the substitute for the sixties and the compensation for their political failure, the question of Utopia would seem to be a crucial test of what is left of our capacity to imagine change at all."

"The success story of the word postmodernism demands to be written, no doubt in best-seller format; such lexical neoevents, in which the coinage of a neologism has all the reality impact of a corporate merger, are among the novelties of media society which require not merely study but the establishment of a whole new media-lexicological subdiscipline."

"What "late" generally conveys is rather the sense that something has changed, that things are different, that we have gone through a transformation of the life world which is somehow decisive but incomparable with the older convulsions of modernization and industrialization, less perceptible and dramatic, somehow, but more permanent precisely because more thoroughgoing and all-pervasive."

"This matter of periodization is not , however, altogether alien to the signals given off by the expression "late capitalism," which is by now clearly identified as a kind of leftist logo which is ideologically and politically booby-trapped, so that the very act of using it constitutes tacit agreement about a whole range of essentially Marxian social and economic propositions the other side may be far from wanting to endorse. Capitalist was itself always a funny word in this sense: just using the word - otherwise a neutral enough designation for an economic social system on whose properties all sides agree - seemed to position you in a vaguely critical suspicious, if not outright socialist stance: only committed right wing ideologues and full-throated apologists also use it with the same relish."

"Postmodernism theory is one of those attempts: the effort to take the temperature of the age without instruments and in a situation in which we are not even sure there is so coherent a thing as an "age,"or zeitgeist or "system" or "current situation"any longer. Postmodernism theory is then dialectical at least insofar as it has the wit to seize on that very uncertainty as its first clue and to hold to its Ariadne's thread on its way through what may not turn out to be a labyrinth at all, but a gulag or perhaps a shopping mall."

"Postmodernism is what you have when the modernization process is complete and nature is gone for good. It is a more fully human world than the older one, but one in which "culture" has become a veritable "second nature.""

"The moderns were interested in what was likely to come of such changes and their general tendency: they thought about the thing itself, substantively, in utopian or essential fashion."

"Productive stupidity means being ignorant by choice. Focusing on important questions puts us in the awkward position of being ignorant."

"We point out that not every reactant is completely consumed in a chemical reaction, and that the limiting reactant determines the maximum theoretical yield; the percentage yield may be somewhat less."

"Quantum mechanics explains the physical stability of the atom by predicting its allowed discrete energy levels and defining the wave functions (also called atomic orbitals) associated with each energy level. The orbitals determine the probability density for finding the electrons at particular locations in the atom when the electrons are in a specific quantum state."

"The central idea of quantum theory is that energy, like matter, is not continuous but it exists only in discrete packets. Discreteness of matter and charge on the microscopic scale seems entirely reasonable and familiar to us, based on the modern picture of atomic structure. But, the idea that energy also exists only in discrete chunks is contrary to our experience of the macroscopic world. The motions of a soccer ball rolling up and down the sides of a gully involve arbitrary amounts of kinetic and potential energy; nothing in ordinary human experience suggests that the energy of a system should change abruptly by “jumps.” Understanding quantum mechanics requires that we develop a new kind of physical intuition, based on the results of experiments that are impossible to understand using classical mechanics. These results are completely divorced from ordinary human experience in the macroscopic world around us, and our physical intuition from the macroscopic world cannot be transferred to the quantum domain. We must resist the urge to interpret these quantum results in terms of ordinary experience."

"The shapes of molecules influence their behavior and function, especially the ease with which they can fit into various guest-host configurations important in biology and biochemistry."

"The conservation of matter in a chemical change is represented in a balanced chemical equation for that process. The study of the relationships between the numbers of reactant and product mole­cules is called stoichiometry. Stoichiometry is fundamental to all as­pects of chemistry."

"Laboratory or industrial chemical reactions are carried out with quantities that range from milligrams to tons, so we must be able to relate the relative atomic mass scale to the macroscopic scales used in practice. The link between the two scales is provided by Avogadro’s number (NA)."

"Knowledge of the components of the atom and of the forces that hold them together stimulated entirely new fields of basic science and technology that continue to the present."

"The definite mass ratios involved in reactions suggested a convenient method for counting the number of atoms of each element participating in the reaction. These results, summarized as the laws of chemical combination,provided overwhelming, if indirect, evidence for the existence of atoms and molecules."

"Investigating chemical reactions can be greatly complicated and often obscured by the presence of extraneous materials. So, the first step, therefore, is to learn how to analyze and classify materials to ensure that you are working with pure substances before initiating any reactions."

"Chemists think in the highly visual nanoscopic world of atoms and molecules, but they work in the tangible world of macroscopic laboratory apparatus. These two approaches to the chemical sciences cannot be divorced."

"The science of chemistry rests on two well-established principles: the conservation of matter and the conservation of energy."

"Chemical reasoning, as used both in applications and in basic research, resembles a detective story in which tangible clues lead to a mental picture of events never directly witnessed by the detective."

"Upon encountering a new topic, try this: imagine that you are the first person ever to see the laboratory results on which it is based. Imagine that you must construct the new concepts and explanations to interpret these results, and that you will present and defend your conclusions before the scientific community. Be suspicious. Cross-check everything. Demand independent confirmations. Always remain, with Boyle, the “skeptical chemist.”"

"Twenty-five years ago, when most economists were extolling the virtues of financial deregulation and innovation, a maverick named Hyman P. Minsky maintained a more negative view of Wall Street; in fact, he noted that bankers, traders, and other financiers periodically played the role of arsonists, setting the entire economy ablaze. Wall Street encouraged businesses and individuals to take on too much risk, he believed, generating ruinous boom-and-bust cycles. The only way to break this pattern was for the government to step in and regulate the moneymen. Many of Minsky’s colleagues regarded his “financial-instability hypothesis,” which he first developed in the nineteen-sixties, as radical, if not crackpot. Today, with the subprime crisis seemingly on the verge of metamorphosing into a recession, references to it have become commonplace on financial Web sites and in the reports of Wall Street analysts. Minsky’s hypothesis is well worth revisiting. In trying to revive the economy, President Bush and the House have already agreed on the outlines of a “stimulus package,” but the first stage in curing any malady is making a correct diagnosis."

"Think of the federal government as a gigantic insurance company (with a sideline business in national defense and homeland security), which does its accounting on a cash basis, only counting premiums and payouts as they go in and out the door. An insurance company with cash accounting . . . is an accident waiting to happen."

"The all-inclusiveness of the equilibrium concept in New Classicism warns against comparisons of EBCT and ABCT that ignore the radically different methodological contexts. For instance, the inevitable bust that figures importantly in ABCT cannot easily be translated into the language of EBCT. For the Austrians, "equilibrium bust" is a term at war with itself; for the New Classicists, "disequilibrium bust" can only mean an unexplainable downturn (cf. Lucas 1981, pp. 225 and 231)."

"The recent flourishing of New Classical economics, and especially its Equilibrium Business Cycle Theory (EBCT), has given a fresh hearing to the Old—but still developing—Austrian Business Cycle Theory (ABCT). While the New and the Old differ radically in both substance and methods, they exhibit a certain formal congruency that has captured the attention of both schools. The formal similarities between EBCT and ABCT invites a point-by-point comparison, but the comparison itself dramatizes differences between the two views in a way that adds to the integrity and plausibility of the Austrian theory."

"Accounting for the artificial boom and the consequent bust is not part of Keynesian income-expenditure analysis, nor is it an integral part of monetarist analysis. The absence of any significant relationship between boom and bust is an inevitable result of dealing with the investment sector in aggregate terms. The analytical oversight derives from theoretical formulation in Keynesian analysis and from empirical observation in monetarist analysis. But from an Austrian perspective, the differences in method and substance are outweighed by the common implication of Keynesianism and monetarism, namely, that there is no boom-bust cycle of any macroeconomic significance."

"Except for Marxian theories, nearly all modern theories of the business cycle have essential elements that trace back to Knut Wicksell's turn-of-the-century writings on interest and prices. Austrians, New Classicists, Monetarists, and even Keynesians can legitimately claim a kinship on this basis. Accordingly, the recognition, that both the Austrians and the New Classicists have a Swedish ancestry does not translate into a meaningful claim that the two schools are essentially similar. To the contrary, identifying their particular relationships to Wicksellian ideas, like comparing the two formally similar business-cycle theories themselves, reveals more differences than similarities. … [T]o establish the essential difference between the Austrians and the New Classicists, it needs to be added that the focus of the Austrian theory is on the actual market process that translates the monetary cause into the real phenomena and hence on the institutional setting in which this process plays itself out.The New Classicists deliberately abstract from institutional considerations and specifically deny, on the basis of empirical evidence, that the interest rate plays a significant role in cyclical fluctuations (Lucas 1981, p. 237 151–1). Thus, Wicksell's Interest and Prices is at best only half relevant to EBCT. … Taking the Wicksellian metaphor as their cue, the New Classicists are led away from the pre-eminent Austrian concern about the actual market process that transforms cause into effect and towards the belief that a full specification of the economy's structure, which is possible only in the context of an artificial economy, can shed light on an effect whose nature is fundamentally independent of the cause."

"While many of the conflicting claims can be reconciled in terms of the short-run and long-run orientation of Keynesians and monetarists, respectively, and in terms of their contrasting philosophical orientations, neither vision takes into account the workings or failings of the market mechanisms within the investment aggregate.Austrian macroeconomics is set apart from both Keynesianism and monetarism by its attention to the differential effects of interest rate changes within the investment sector, or—using the Austrian terminology—within the economy's structure of production."

"Carbon prices must be raised to transmit the social costs of GHG emissions to the everyday decisions of billions of firms and people."

"The world probably would have been much better off had macroeconomics never been devised. Although I have in mind Keynesian macroeconomics above all, I include other types of macro models as well. I even include, somewhat reluctantly, the whole quantity theory approach descended from David Hume to the Friedmanites, now known as monetarism. … In short, among its many other deficiencies, as spelled out by Mises and his followers, monetarism’s most fundamental flaw is identical to the most fundamental flaw of Keynesian, Post-Keynesian, New Classical, and other theories advanced by macroeconomists during the past seventy or eighty years: not only does the theory leave out critical variables, but it is too simple, being expressed in huge, all-encompassing aggregates that conceal the real economic action taking place within the economic order."

"No monetarist, certainly not Friedman, welcomed this side-effect of monetary restraint. But then again, had Friedman been listened to earlier (and had the likes of Paul Samuelson been ignored), things would never have come to this tragic stage. By way of analogy, should we blame those who would end the war in Iraq, and who opposed it all along, for the tragic consequences that are likely to follow any rapid U.S withdrawal?"

"It is indeed true that the reduction of inflation came at a big price—that Volcker's tightening, for instance, succeeded in lowering inflation only in the wake of a severe recession. But this possibility was, first of all, one concerning which monetarists were perfectly aware: they understood the danger that, once inflation, and accelerating inflation especially, came to be anticipated by the public, putting the breaks on money growth would result in prices and wages continuing for some time to rise beyond their new, less-rapidly rising equilibrium values, with a consequent rise in unemployment."

"The Treatise is also one of the most important books of Western thought ever written. Spinoza was the first to argue that the Bible is not literally the word of God but rather a work of human literature; that “true religion” has nothing to do with theology, liturgical ceremonies, or sectarian dogma but consists only in a simple moral rule: love your neighbor; and that ecclesiastic authorities should have no role whatsoever in the governance of a modern state."

"In one respect, however, I agree that monetarism was wrong, namely, to the extent that it failed to recognize the need to allow inflation to occur to the extent that it was solely due to falling output or productivity—a case I have argued, along with the symmetrical one for letting prices fall as productivity improves, in my IEA pamphlet Less Than Zero."

"Your friend, rather perversely I think, refers to the "disastrous results" that followed the monetary tightening of Volcker and other more monetarist-minded central bankers without even hinting at the facts that that the tightening was aimed at bringing down inflation rates, and that it succeeded remarkably well in doing precisely that. In other words, the tightening did precisely what monetarism said it would do, and what monetarists' critics at the time, wedded to the view that monetary policy was ineffective, and that inflation was entirely caused by OPEC (or by unions, or by anything except monetary policy) insisted it could not do. And yet your friend imagines that the experience proved the monetarists wrong!"

"In sum, the accommodation of the Republic is not to the spokesmen for the many, which is to say that it is not political. Instead, the accommodation is to the few, or the few as they were in their youth, like Glaucon and Adeimantus, who must be tested by the conversation in order to determine their fitness for philosophy. This is the peculiarity of the Republic: to speak out on the most dangerous of things and to exercise restraint or a rhetoric of indirection in the discussion of that which seems least likely to endanger the city, real or imagined. In slightly different terms, what Socrates calls dialectic enters the city surreptitiously, and it must do so in order to make the city safe for philosophy. In exchange for this safety, philosophy offers to the city a foundation for justice that is exaggerated in the account of the beautiful city but in its more sober version is verified by the course of Western history."

"Although I realize that Austrian-school economists have themselves been highly critical of monetarism, many of its most fundamental claims are in fact fully consistent with their own understanding of monetary theory. Indeed, back in the 1970s the difference between Austrian and monetarists writings about money seemed trivial compared to the difference between them and the writings of other (broadly "Keynesian") economists. I recall very well how I myself got "deprogrammed" from mainstream thinking about money and inflation by reading Henry Hazlitt's wonderful book, The Inflation Problem, and How to Resolve It . Hazlitt was, of course, a thoroughgoing Misesian. Yet no one who reads his book can fail to note the many crucial similarities between his arguments and those of Milton Friedman concerning the same subject."