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April 10, 2026
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"The materials collected in this volume are intended to acquaint the student with economic principles as they are manifested in the tangible facts of economic life. A few extracts of primarily theoretical character have been included to represent important aspects of contemporary or historic thought; but for the most part the selections are not so much authoritative formulations of economic laws as concrete case-material embodying such laws, or affording a background of information which the systematic treatises on economics can hardly give and which the teacher certainly cannot often assume that his students will possess."
"This newest, largest and best collection of illustrative documents and programs, tables, and charts, extracts from federal and state commission and departmental reports, selections from trade and commercial newspaper and journals, and experts from the masters, old and new, is clearly the most important book of the year for students and teachers of economics."
"In the late 19th century, Newcomb was one of America’s best known and probably one of its most powerful scientists. He had spent most of his career as a professor at the naval observatory in Washington, D. C. He had served as President of the American Academy of Arts and Science and as President of the Political Economy Club in the 1880s. He eventually received numerous awards for his most important astronomical research more accurately measuring the movements of the moon and the planets in our solar system. In the 1880s, Newcomb joined the faculty of Johns Hopkins University and his views regarding the competence of junior faculty were often communicated to President Daniel Gilman. This was especially the case for Peirce and Ely. Newcomb also confronted America’s most prominent theologians on the relationship between theology and science and of course evolution and Christianity. For the nation’s centennial, Newcomb also had offered his harsh appraisals of American science and political economy maintaining that they were way behind European science and British political economy. Newcomb also thwarted Peirce’s career progress on numerous occasions playing a pivotal role in his exclusion from academia after 1885."
"James R. Wible. "Economics, Christianity, and Creative Evolution: Peirce, Newcomb, and Ely and the Issues Surrounding the Creation of the American Economic Association in the 1880s," 2009."
"There is no difference between Time and any of the three dimensions of Space except that our consciousness moves along it. ...space, as our mathematicians have it, is spoken of as having three dimensions, which one may call Length, Breadth, and Thickness, and is always definable by reference to these planes, each at right angle to the others. But some philosophical people have been asking why three dimensions particularly—why not another direction at right angles to the other three?—and have even tried to construct a Four Dimensional geometry. Professor Simon Newcomb was expounding this to the New York Mathematical Society only a month or so ago. You know how on a flat surface, which has only two dimensions, we can represent a figure of a Three-Dimensional solid, and similarly they think that by models of three dimensions they could represent one of four—if they could master the perspective of the thing. See?"
"It is a matter of historical record that Newcomb, one of the most eminent American mathematicians of his day, published on the topic of four-dimensional space from 1877, and he spoke about it to the New York Mathematical Society in 1893. Four dimensions (and more) were important research topics in mathematics and physics."
"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."
"I knew that flying machines were impossible; in engineering school I had studied Professor Simon Newcomb's well-known mathematical proof that the efforts of Professor Langley and others to build an aerodyne capable of carrying a man were doomed, useless, because scale theory proved that no such contraption large enough to carry a man could carry a heat-energy plant large enough to lift it off the ground — much less a passenger. That was science's final word on a folly and it put a stop to wasting public monies on a will-o'-the-wisp. Research and development money went into airships, where it belonged, with enormous success. However, in the past few days I had gained a new angle on the idea of "impossible". When a veritable flying machine showed up in our sky, I was not greatly surprised."
"One of the most curious of these cases [geometrical paradoxers] was that of a student, I am not sure but a graduate, of the University of Virginia, who claimed that geometers were in error in assuming that a line had no thickness. He published a school geometry based on his views, which received the endorsement of a well-known New York school official and, on the basis of this, was actually endorsed, or came very near being endorsed, as a text-book hi the public schools of New York."
"Is the Airship Possible? That depends, first of all, on whether we are to make the requisite scientific discoveries... the construction of an aerial vehicle ... which could carry even a single man from place-to-place at pleasure requires the discovery of some new metal or some new force."
"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."
"War has given applied psychology a tremendous impulse. This will, on the whole, do good, for psychology, which is the largest and last of the sciences, must not try to be too pure."
"Every theory of love, from Plato down, teaches that each individual loves in the other sex what he lacks in himself."
"I picked up one day a book by Karl Shapiro-a little thin white book. I opened it and something he said made sense. It was, "Poetry doesn't make Cadillacs.""
"Writing, I crushed an insect with my nail And thought nothing at all. A bit of wing Caught my eye then, a gossamer so frail And exquisite, I saw in it a thing That scorned the grossness of the thing I wrote. It hung upon my finger like a sting."
"A leg I noticed next, fine as a mote, "And on this frail eyelash he walked," I said, "And climbed and walked like any mountain-goat.""
"Then in my heart a fear Cried out, "A life — why, beautiful, why dead!" It was a mite that held itself most dear, So small I could have drowned it with a tear."
"As a third generation American I grew up with the obsessive idea of personal liberty which engrosses all Americans except the oldest and richest families."
"The public has an unusual relationship to the poet: It doesn't even know that he is there."
"Words like “spokesman” and “touchstone” took me completely by surprise. For very real reasons. Not only had I been out of the country when my first two books were published, but I have always been “out of the country” in the sense that I never had what ordinarily is thought of as a literary life, or been part of a literary group. What psychiatrists nowadays call a support system. I never had any of that and still don’t."
"I had never met a poet in my life before winning the Pulitzer in 1945. Well, that’s not strictly true; when I went to Johns Hopkins in 1939, W. H. Auden gave a private reading to a group of special literature students, and I was one. I shook hands with him. As it happened, at that time he was my idol, above all others as a modern poet, and that experience was a very sustaining one. But I could hardly say I “knew” him."
"I always had this feeling — I’ve heard other Jews say — that when you can’t find any other explanation for Jews, you say, “Well, they are poets.” There are a great many similarities. This is a theme running all through my stuff from the very beginning. The poet is in exile whether he is or he is not. Because of what everybody knows about society’s idea of the artist as a peripheral character and a potential bum. Or troublemaker. Well, the Jews began their career of troublemaking by inventing the God whom Wallace Stevens considers the ultimate poetic idea. And so I always thought of myself as being both in and out of society at the same time. Like the way most artists probably feel in order to survive — you have to at least pretend that you are “seriously” in the world. Or actually perform in it while you know that in your own soul you are not in it at all. You are outside observing it."
"Whitman to me is the most fascinating of American poets. Whitman started to write the great poetry from scratch after he had written all that junk for newspapers, the sentimental lyrical poems. All of a sudden he wrote Leaves of Grass. When I was teaching at the University of Nebraska, my friend James Miller was chairman of the English Department. He wrote the first book attempting to make a parallel between the structure of Leaves of Grass and the steps of the mystical experience as in St. John of the Cross. I was completely bowled over by this, not having been able to explain how Whitman came to write “Song of Myself,” which is unlike anything not only in American literature, but unique in all the world. The parallels to it are mystical literature. Miller tried to show that there was actual evidence for this kind of experience, which evidently happens at a particular moment in someone’s life. … When I saw the negative reaction to Whitman with the great ruling critics of the time, I couldn’t believe it. Eliot never really gave up hammering away on Whitman, neither did Pound. Although Pound makes little concessions. Whitman, you know, didn’t have any influence in this country until Allen Ginsberg came along."
"Influence is strange. Because one can be influenced powerfully in every way but technique. For instance, I would think Walt Whitman probably had more influence on my whole poetic thinking than anybody, but I never dreamed of trying to write in the Whitman manner."
"I was at Notre Dame just a few years ago, and one of the professors there said to me, “You don’t know what effect In Defense of Ignorance had. It ripped the whole academic community in half!” I’m glad I wrote the book. I like it, and I still stand by my observations, although I wouldn’t write it so violently now. I guess I really am in the Whitman tradition."
"I feel that after working a long time, I’ve really learned how to do what I do. I enjoy it. I don’t think there’s anything more satisfying than turning out a good stanza or a good piece of prose. And when you’re satisfied enough, you want to show it to other people. That’s called publication."
"Shapiro is back where he started half a century ago: on the outside, looking in. If the canon has changed drastically, Shapiro has not. At almost age eighty, he still heroically, if sometimes quixotically, wields his verbal weapons against real and imagined enemies, still using for his motto Thoreau's "If I have anything to regret, it is my good behavior.""
"Karl Shapiro's poems are fresh and young and rash and live; their hard clear outlines, their flat bold colors create a world like that of a knowing and skillful neoprimitive painting, without any of the confusion or profundity of atmosphere, of aerial perspective, but with notable visual and satiric force. The poet early perfected a style, derived from Auden but decidedly individual, which he has not developed in later life but has temporarily replaced with the clear Rilke-like rhetoric of his Adam and Eve poems, the frankly Whitmanesque convolutions of his latest work. His best poem — poems like "The Leg," "Waitress," "Scyros," "Going to School," "Cadillac" — have a real precision, a memorable exactness of realization, yet they plainly come out of life's raw hubbub, out of the disgraceful foundations, the exciting and disgraceful surfaces of existence."
"You've always been my favorite editor because you're not like an editor at all."
"Like Jarell, Shapiro was a poet who felt like "stating his opinion or expressing his pleasure or disdain for something that had occurred [or] which should not have occurred" … As editor of Poetry Shapiro was faithful to this approach. Instead of asking professional critics to review or write articles for Poetry, he mainly evaluate their peers. … On several occasions Shapiro had made it seem as if these literary rows just befell him, as if he were accidentally stuck in the middle of two opposing camps that each had an ax to grind. However, he was not quite that innocent."
"It was only in college, when I read a poem by Karl Shapiro beginning "To hate the Negro and avoid the Jew/ is the curriculum," that it flashed on me that there was an untold side to my father's story of his student years."
"The Romantics enthusiastically and optimistically rejected neoclassical forms; the Postmodernists are just as likely to embrace such forms, although the embrace is seldom unskeptical or unironic, however impassioned it may be underneath its coolness."
"[F]or me, self-consciousness vitiates creation. A writer like John Barth deliberately plays with self-consciousness; I doubt that Barth thinks much of my writing, and I don't take pleasure in his, but I know he knows what he's doing and I respect him for it."
"[Johns] Hopkins had this very postmodernist slant. You couldn't help but be really influenced by this emphasis on the text, on experimental texts. People were fascinated with Robert Coover and Thomas Pynchon, and John Barth was there, and the focus was on that, which I found very helpful."
"I got a lot of encouragement there from John Barth, a genius, a superb teacher"
"[T]o a greater or lesser extent our knowledge even of close kin is often fragmentary, inferred like a fossil skeleton or an ancient vase from whatever always-limited experience and shards of memory we have of them."
"The Tragic View of liberal education is that even at its best, … it is so necessarily, unavoidably limited that all it can attempt is to afford us some experience of, for example, informed close reading and critical thinking, and to make us aware that there remain continents of knowledge out there that one lifetime could scarcely scratch the surface of, even were we to devote it all to reading and studying — which we must not, since education comes so much from hands-on doing and experiencing as well as from reading and study."
"So what's to be said … for a curriculum devoted to a study of a more-or-less-agreed-upon roster of "the best that has been thought and said," in Matthew Arnold's famous formulation — or at least as representatively much of that Best as the ever-evolving consensus of a good college faculty believes can be fruitfully addressed between undergraduate matriculation and the baccalaureate?Well: what's to be said for it, needless to say, is that it not only edifies and instructs — any good old curriculum does that — but permits discourse within a shared frame of reference richer and more stable than this season's pop music, films, and TV shows, which a colleague of mine used to lament were the only points of cultural reference that he could assume to be shared by his undergraduate students."
"As instanced by Virgil and Dante, the vocation of artisthood bears some analogy to those of mythic-herohood and messiahship—conspicuously so for the Romantics and the great early Modernists, with their characteristic conception of the artist as hero (one recalls James Joyce's Stephen Dedalus, originally named Stephen Hero, vowing to "forge, in the smithy of my soul, the uncreated conscience of my race"), more modestly so even for Postmoderns. In at least some cases, the present author's included, one's apprentice sense of calling may be far from clear. even to oneself. … One may be uncertain of both one's vocation and one's talent for it, or confident of one of those but not the other, or confident of both but mistaken, or doubtful of both but mistaken, or correct on one or both counts. In the happiest case, one comes to have reasonable faith in both calling and gift and at least some "objective" confirmation that that faith is not altogether misplaced. But "real, non-scripted life" is slippery terrain, in which templates and prophecies are ill-defined, elastic, arguable, and verdicts are forever subject to reversal. One crosses one's fingers, invokes one's muse and does one's best."
"[B]y writing an Aenead that combines an Odyssey with an Iliad, Virgil gives the impression of wanting to outdo the Homer of whom he is the self-conscious heir and to whom his Latin epic is also a homage, just as Augustan Rome is at once the cultural heir and political master of classical Greece. You want to be a great epic poet? Here are your models. Virgil follows them—programmatically but not slavishly—and because he happens to be a great epic poet, his Aenead turns out to be not a monumental Case-1 imitation of the great model, but a great epic poem. Thirteen centuries later, Dante compounds the stunt, taking as his literal and figurative guide not "unselfconscious" Homer but self-conscious (and Homer-conscious) Virgil, and not only scripts himself into the wandering hero role but orchestrates his own welcome … into the company of the immortals—in a Limbo, moreover, where they must ineluctably remain, but from which he will proceed through Purgatory to Paradise. Talk about chutzpah! Happening to be a great poet, Dante brings the thing off."
"[R]eading a splendid writer, or even just a very entertaining writer, is not a particularly passive business. An accomplished artist is giving us his or her best shots, in what she or he regards as their most effective sequence—of words, of actions, of foreshadowings and plot-twists and insights and carefully prepared dramatic moments. It's up to us to respond to those best shots with our minds and hearts and spirits and our accumulated experience of life and of art."
"The ascendancy of the novel is historically associated with the ascendancy of the middle class and the spread of general literacy, and those in turn, in the West at least, with the development of the institutions of liberal democracy and the civil state. … No doubt I am being both biased and superstitious, but because of that historical connection I think of the novel (and, by extension, of general literacy) as a canary in the coal mines of democratic civil society. … If this particular canary really does go belly-up, I'm old-fashioned enough to fear for the general civic air."
"[T]he essentially human characteristic of general intellectual curiosity interests itself in the demonstration of previously unremarked interconnections between apparently disparate phenomena, as part of our ongoing project of making sense of the world. Somewhat different, and more rigorous, is the novelist's So what? … [T]he best artists have a keenly intelligent feel, however intuitive, for just [such] demonstrable interconnections …, and for the relevance of those interconnections not only to their own artistic practice but to the circumstance of being humanly alive and vigorously sentient in a particular historical time and place."
"Is a man a salvage at heart, skinned o'er with fragile manners? Or is salvagery but a faint taint in the natural man's gentility, which erupts now and again like pimples on an angel's arse?"
"'Tis e'er the lot of the innocent in the world to fly to the wolf for succor from the lion."
"'Tis e'er the wont of simple folk to prize the deed and o'erlook the motive, and of learned folk to discount the deed and lay open the soul of the doer."
"More history's made by secret handshakes than by battles, bills, and proclamations."
"[I]t is sometimes pleasant to stone a martyr, no matter how much we may admire him."
"[T]here is no will-o'-the-wisp so elusive as the cause of any human act."
"[N]othing is intrinsically valuable; the value of everything is attributed to it, assigned to it, from outside, by people."