Princeton University Faculty

"The risk of making a decision that's wrong is so enormous that sometimes it just crushes people so that they can't make any decision at all because they're afraid of making the wrong decision. And that's exactly what McClellan's problem was."

"People are going to dislike you if you make a decision, even if it turns out to be the right one."

"Lincoln. His commitment to preserving the United States was so strong and so deep that he was willing to do whatever it took to succeed. Would you like to be in his shoes? Just think about that for a moment. Not just Lincoln. There are hundreds of examples in history."

"These soldiers were using the word slavery in the same way that Americans in 1776 had used it to describe their subordination to Britain. Unlike many slaveholders in the age of Thomas Jefferson, Confederate soldiers from slaveholding families expressed no feelings of embarrassment or inconsistency in fighting for their own liberty while holding other people in slavery. Indeed, white supremacy and the right of property in slaves were at the core of the ideology for which Confederate soldiers fought."

"It would be wrong, however, to assume that Confederate soldiers were constantly preoccupied with this matter. In fact, only 20 percent of the sample of 429 Southern soldiers explicitly voiced proslavery convictions in their letters or diaries. As one might expect, a much higher percentage of soldiers from slaveholding families than from nonslaveholding families expressed such a purpose: 33 percent, compared with 12 percent. Ironically, the proportion of Union soldiers who wrote about the slavery question was greater, as the next chapter will show. There is a ready explanation for this apparent paradox. Emancipation was a salient issue for Union soldiers because it was controversial. Slavery was less salient for most Confederate soldiers because it was not controversial. They took slavery for granted as one of the Southern 'rights' and institutions for which they fought, and did not feel compelled to discuss it. Although only 20 percent of the soldiers avowed explicit proslavery purposes in their letters and diaries, none at all dissented from that view. But even those who owned slaves and fought consciously to defend the institution preferred to discourse upon liberty, rights, and the horrors of subjugation."

"The bottom line in the Civil War, after all is said and done, showed that every Confederate state was a slave state and every free state was a Union state. These facts were not a coincidence, and every Civil War soldier knew it."

"The unending quest of historians for understanding the past — that is, 'revisionism' — is what makes history vital and meaningful."

"Defeat would blot the Confederate States of America from the face of the earth. Confederate victory would destroy the United States and create a precedent for further balkanization of the territory once governed under the Constitution of 1789."

"By the time of the Gettysburg Address, in November 1863, the North was fighting for a 'new birth of freedom' to transform the Constitution written by the founding fathers, under which the United States had become the world's largest slaveholding country, into a charter of emancipation for a republic where, as the northern version of 'The Battle Cry of Freedom' put it, 'Not a man shall be a slave'."

"While one or more of these interpretations remain popular among the Sons of Confederate Veterans and other Southern heritage groups, few professional historians now subscribe to them. Of all these interpretations, the states' rights argument is perhaps the weakest. It fails to ask the question, states' rights for what purpose? States' rights, or sovereignty, was always more a means than an end, an instrument to achieve a certain goal more than a principle."

"Southern political leaders were threatening to take their states out of the Union if a Republican president was elected on a platform restricting slavery."

"Lincoln was the only president in American history whose administration was bounded by war."

"If Lincoln had been a failure, he would have lived a longer life."

"Scorned and ridiculed by many critics during his presidency, Lincoln became a martyr and almost a saint after his death. His words and deeds lived after him, and will be revered as long as there is a United States. Indeed, it seems quite likely that without his determined leadership the United States would have ceased to be."

"More than any other American, Lincoln's name has gone into history. He gave all Americans, indeed all people everywhere, reason to remember that he had lived."

"James M. McPherson has helped millions of Americans better understand the meaning and legacy of the American Civil War. By establishing the highest standards for scholarship and public education about the Civil War and by providing leadership in the movement to protect the nation's battlefields, he has made an exceptional contribution to historical awareness in America."

"As Nozick acknowledges, a modern state should not feel morally constrained by property holdings which might have had a Lockean pedigree but in fact do not. In this regard it is interesting that one of the main uses of Lockean theory these days is in defending the property rights of indigenous people—where a literal claim is being made about who had first possession of a set of resources and about the need to rectify the injustices that accompanied their subsequent expropriation."

"I had no idea in 1933 what economics was, but I did well in the subject from the start, and when I graduated in 1937 with first class honours LSE gave me a scholarship to do a PhD in industrial economics."

"There are still people who discuss industrialization as... an alternative to agricultural improvement... this approach is without meaning in the West Indian Islands. There is no choice... between industry and agriculture. The islands need as large agriculture as possible... It is not ... that agriculture cannot continue to develop if industry is developed … the opposite is true: agriculture cannot... yield a reasonable standard of living unless new jobs are created off the land"

"Princeton's Edwin W. Kemmerer [was] widely referred to as the “money doctor” by virtue of his advisory missions to position foreign governments on the gold standard in the 1920s."

"They aimed at and directed action towards the establishment of an internationally interconnected monetary and credit system based on stable national currencies in fixed value relationship with gold and other gold currencies. Financial reconstruction and the approbation of external loans were accordingly made conditional upon institutional safeguards of central bank independence; the settlement of past external debt ; and the establishment ... They were Professor Edwin Walter Kemmerer, of the United States, for the second Polish stabilization ; Professor Charles Rist and Roger Auboin, of France, for the Romanian stabilization; and anonymous representatives of the Banque de"

"Professor Fisher's The Purchasing Power of Money is dedicated to Simon Newcomb, from whom vid Professor Kemmerer the PT = MV formula ultimately derives. Newcomb was not a professional economist but a mathematician (Professor of Mathematics in the U.S. Navy and at Johns Hopkins). His Principles of Political Economy, published in 1886, is one of those original works which a fresh scientific mind, not perverted by having read too much of the orthodox stuff, is able to produce from time to time in a half -formed subject like economics."

"Quickly gaining the attention of the leadership of colonized territories, he helped develop blueprints for the changing relationship between the former colonies and their former rulers. He made significant contributions to Ghana's quest for economic growth and the West Indies' desire to create a first-class institution of higher learning serving all of the Anglophone territories in the Caribbean."

"Looking backward over my life, it has been a queer mixture. I have lived through a period of transition and therefore know what it is like at both ends, even though the transition is not yet completed. I have been subjected to all the usual disabilities—refusal of accommodations, denial of jobs for which I had been recommended, generalized discourtesy, and the rest of it. All the same, some doors that were supposed to be closed opened as I approached them. I have got used to being the first black to do this or that, which gets to be more difficult as the transition opens up new opportunities. Having to be a role model is a bit of a strain, but I try to remember that others are coming after me, and that whether the door will be shut in their faces as they approach will depend to some small extent on how I conduct myself. As I said at the beginning, I had never intended to be an economist. My mother taught us to make the best of what we have, and that is what I have tried to do."

"I make the point to remind you, if reminder be necessary, that the study of economic growth is still in its infancy. Countries rise up and fall, and we are not in a position to predict which ones will do best or worst over the next twenty years. This is equally true of developed and developing countries. Economics is good at explaining what has happened over the past twenty years, but when we turn to predicting the future it tends to be an essay in ideology."

"My interest in overhead costs was the structure of prices in situations where average cost per unit exceeds marginal cost. The Pareto rule was that price should equal marginal cost, but to apply this rule would bankrupt the firm. In practice, such situations oscillate between bankruptcy and monopoly, as in the airline industry today. The general inclination of economists in those cases was to enforce marginal pricing and subsidize firms to the extent of the differences between marginal and average cost. This was hardly practical, as an industry-wide policy. Neither could it be justified, as many taxpayers would be forced to pay for services that they did not use. If one started from the premise that those who use the service should pay for it, the problem reduced to how to spread the fixed costs among the users. Here I started from the railway principle of “charging what the traffic will bear” and linked up with the new price discrimination theory, as elaborated by Joan Robinson. Another aspect of overhead costs was the time dimension. Demand was not steady, but fluctuated. If the output could not be stored, there would be times of idle capacity, regular or irregular; how was the cost of this to be shared? I demonstrated that the correct approach to this problem was to treat the fixed investment as a producer in joint cost of different outputs at different times, each paying what it could bear, and subject to the sum of payments not exceeding total cost."

"A number of developing countries had been developing for a long time: Ceylon, for example, for a hundred years. Why was the standard of living of the masses still so low? One could understand this for much-exploited South Africa, but how for fairly enlightened Ceylon? The answer to both questions came by breaking an intellectual constraint. In all the general equilibrium models taught to me the elasticity of supply of labor was zero, so any increase in investment increases the demand for labor and raises wages. Instead, make the elasticity of supply of labor infinite, and my problems are solved. In this model growth raises profits because all of the benefits of advancing technology accrue to employers and to a small class of well-paid workers that emerges in an urban sea of a low-wage proletariat. In the commodities market an unlimited supply of tropical produce also gives the benefit of advancing technology to the industrial buyers, by the process already described."

"Much of the time, the question goes unasked in prosperous liberal democracies like Britain or the United States, because most of us see political equality as exhausted by “one person, one vote” and dig no deeper; we know that one person, one vote coexists with the better-off and better-organized buying influence through lobbying, campaign contributions, and use of the mass media, but we find ourselves puzzled to balance a belief that everyone has the right to use his or her resources to influence government—which is certainly one form of political equality—with our sense that excessive inequality of political resources undermines democracy."

"The one thing we can say is that if Socrates really expected to get a definitive answer to his question, 'What is justice?' when talking to his friends on their way back to the Piraeus, he has been disappointed. It remains a contentious and disputed subject."

"Justice stands in an awkward relationship with utility. The general practice of justice conduces to human welfare, probably more than anything else. The old tag sums up justice as 'honeste vivere, neminem laedere, suum cuique tribuere' … Yet, justice seems also to conflict with utility and even with the general welfare, let alone the welfare of particular people."

"John Rawls says that justice is the 'first virtue' of social institutions, meaning that it is more fundamental than any other, and that we cannot expect individuals to accept social regulation, and engage in social co-operation unless the terms on which society operates are seen as reasonably just. To talk as though Plato and Aristotle saw justice as a matter of the terms of social and political co-operation may suggest a modern and individualist perspective foreign to both. Yet it is not wholly misleading."

"Justice is a virtue, but not one that makes people lovable."

"Justice is closely connected to respect for rights. Modern writers discuss both subjects together with no suggestion that one might discuss one with the other. It was not always so. Greek political theory and Roman Law had sophisticated ideas about justice in its various aspects, but did not embrace our conception of individual rights. This may seem counter-intuitive. How could a society recognize someone as the owner of a piece of property without acknowledging an individual right? How does legitimate one-man­ rule, monarchy, differ from its illegitimate parody, tyranny, unless the lawful king has a right to the authority he exercises that the tyrant does not? The answer is that property and authority were defined by law rather than our notion of individual rights. To own property was to be the person to whom the law accorded the privileges and immunities that locally defined ownership. To be a legitimate ruler was to be the person the law designated to rule. It is a commonplace that ancient notions of law accorded far more power over property to the family and other groups than modern notions of private property do. Even under the Roman Law, where ownership had an 'absolute' and sovereign character, property was not understood in the modern way; when the law told the judge to give a man his ius, this primarily meant that he should be treated as the law required. The 'subjective' understanding of rights, whereby the right-holder may stand on his rights or not as he chooses, was not a Roman notion."

"Justice is peculiarly stringent. Its demands may not be modified. Judges and rulers must 'do justice though the heavens fall', not allow family connections, friendship, or even personal worth to turn them aside."

"This is appropriate. Justice is the most 'political' or institutional of the virtues. The legitimacy of a state rests upon its claim to do justice. … Doing justice is not the primary purpose of the family, the classroom, the small business, even though a father, teacher, or employer ought to behave justly towards children, pupils, or employees when rearing them, teaching them, . and employing them."

"I say cowardice, because the stan­dards which is Isaiah Berlin himself has set for anyone who undertakes such an enterprise are dauntingly high. His ability to catch the allegiances and the emotional tone of the authors he has written about, as well as his ability to meet the commentator's first duty to the subtleties of their thought, has always meant that their per­ sonalities and ideas alike have remained in tact and alive."

"Mankind has always argued about justice and injustice, while social scientists and politicians have endlessly discussed the conditions which make justice more or less attainable. These essays discuss a more philosophical issue-what justice is and why it matters. Although their authors were philosophers, few of them were 'professional ' philosophers..."

"The very idea of a Christian political theology is problematic. If human beings are only transitorily on earth, and earth is but a vale of tears through which we must pass on our way to paradise, earthly politics loses almost all value. Life in the polis cannot be the good life for man, since fulfillment lies in the hereafter; here below, we must prepare for eternity. Earthly happiness for rational persons consists in whatever confidence they may entertain about the life hereafter. This “abstentionist” vision is in some ways at odds with the involvement of Christ in the everyday life of the community in which he spent his short life."

"Cicero’s style is a key to the success of De officiis, and not just the literary style, but the political and intellectual style. Regulus aside, the demands of duty generally stretch only as far as the well-educated, well-to-do man is likely to follow. Thus, he insists, in a famous metaphor that Machiavelli later stood on its head, that courage is necessary but the courage of a human being is not the ferocity of the lion, just as wisdom is necessary but the intelligence of the human being is not the cunning of the fox."

"Cicero bent Greek ideas to his vision of the idealized Roman Republic, and his understanding of the mores—the morality and social attachments—of the gentlemanly statesmen who would hold power in a just republic. Readers familiar with Machiavelli’s Prince will hear curious echoes of that work in Cicero’s advice; curious because the pieties of Cicero’s advice to the would-be statesman were satirized by Machiavelli sixteen hundred years later. If his philosophy was Greek and eclectic, Cicero owed his constitutional theory to Polybius; he was born soon after Polybius died, and read his history. And Cicero greatly admired Polybius’s friend and employer Scipio the Younger. There are obvious differences of tone. Polybius celebrated Rome’s achievement of equipoise, while Cicero lamented the ruin of the republic. Cicero’s account of republican politics veers between a “constitutional” emphasis on the way that good institutions allow a state to function by recruiting men of good but not superhuman character, and a “heroic” emphasis on the role of truly great men in reconstituting the state when it has come to ruin. Cicero’s vanity was so notorious that everyone knew he had himself in mind as this hero—had he not saved the republic before when he quelled the conspiracy of Catiline?"

"Together with the histories of Polybius and Livy, Cicero’s polemical speeches and writings, and his personal correspondence, form some of the most important historical resources for understanding the Roman legal and political system. Here we focus only on his political theory narrowly construed, part of his program to adapt Greek philosophy to Roman social and political purposes, bypassing even the extended defense of the role of oratory in political life that became something like a handbook for the study of rhetoric."

"As his life and death suggest, Cicero was addicted to Roman politics; he wrote beautifully about the pleasures of a quiet life in the countryside, but hankered for the hurly-burly of the Senate and the courts. His political theory is reflective but far from dispassionate."

"Aristotle’s enthusiasm for the preservation of social distinction and his emphasis on the social position of the “high-souled” man remind us that even in his favored politeia, with as many respectable and steady men of the middle class admitted to political participation as is possible, Aristotle hankered after the rule of true, that is, natural aristocrats. If that attitude is not unknown two and a half millennia later, his unconcern with those left out of this vision of the world—women, ordinary working people, foreigners, slaves—is happily rather less common. But we shall not see much sympathy for ordinary lives and ordinary happiness for many centuries yet, certainly not in the work of Cicero."

"Aristotle’s perspective is not ours. Modern political discussion is imbued with a concern for individual human rights; we look to institutions to hold accountable those who wield power over their fellows, so that the rights of individuals are respected. Aristotle does not. Because he sees the world in teleological terms, he asks—as Plato did—how we can ensure that the state functions as it should. The excellence of the citizenry and the excellence of the constitution are understood in that light. Hence, of course, Aristotle’s focus on the collective intelligence and collective good sense of collectives; if “the many” are not to be trusted, it remains true that many heads are better than one."

"Plato was accused by some of his twentieth-century critics of racism, totalitarianism, fascism, and other political crimes with a very contemporary flavor. These accusations are too anachronistic to be taken seriously; whatever explains Hitler and Mussolini, it is not the dialogues of Plato. The more plausible complaint is that Plato does not take seriously the inescapability of politics in some form. Plato’s metaphysics is fascinating; so is his conviction that the just man does better than the unjust man, no matter what earthly fate befalls him. His political thinking often amounts to an injunction to abolish the conflicts that politics exists to resolve and fantasies about how it might be done."

"Political thought as we understand it began in Athens because the Athenians were a trading people who looked at their contemporaries and saw how differently they organized themselves. If they had not lived where they did and organized their economic lives as they did, they could not have seen the contrast. Given the opportunity, they might not have paid attention to it. The Israelites of the Old Testament narrative were very conscious of their neighbors, Egyptian, Babylonian, and other, not least because they were often reduced to slavery or near-slavery by them. That narrative makes nothing of the fact that Egypt was a bureaucratic theocracy; it emphasizes that the Egyptians did not worship Yahweh. The history of Old Testament politics is the history of a people who did their best to have no politics. They saw themselves as under the direct government of God, with little room to decide their own fate except by obeying or disobeying God’s commandments. Only when God took them at their word and allowed them to choose a king did they become a political society, with familiar problems of competition for office and issues of succession. For the Jews, politics was a fall from grace. For the Greeks, it was an achievement. Many besides Plato thought it a flawed achievement; when historians and philosophers began to articulate its flaws, the history of political thought began among the argumentative Athenians."

"I am uncomfortable with the thought that serious thinkers about politics may retire into the ivory tower and write difficult—if often very interesting—essays and books for their colleagues alone, leaving debates over the prospects of modern political life to the punditry of contributors to the op-ed pages, or the shouting matches that pass for political debate on some television channels."

"Number is that property of a group of distinct things which remains unchanged during any change to which the group may be subjected which does not destroy the distinctness of the individual things."

"Judged by the only standards which are admissible in a pure doctrine of numbers i is imaginary in the same sense as the negative, the fraction, and the irrational, but in no other sense; all are alike mere symbols devised for the sake of representing the results of operations even when these results are not numbers (positive integers)."

"The opinion is widely prevalent that even if the subjects are totally forgotten, a valuable mental discipline is acquired by the efforts made to master them. While the Conference admits that, considered in itself this discipline has a certain value, it feels that such a discipline is greatly inferior to that which may be gained by a different class of exercises, and bears the same relation to a really improving discipline that lifting exercises in an ill-ventilated room bear to games in the open air. The movements of a race horse afford a better model of improving exercise than those of the ox in a tread-mill."