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April 10, 2026
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"The philosopher forms his principles from an infinity of particular observations. Most people adopt principles without thinking of the observations that have produced them, they believe the maxims exist, so to speak, by themselves. But the philosopher takes maxims from their source; he examines their origin; he knows their proper value, and he makes use of them only in so far as they suit him. Truth is not for the philosopher a mistress who corrupts his imagination and whom he believes to be found everywhere; he contents himself with being able to unravel it where he can perceive it. He does not confound it with probability; he takes for true what is true, for false what is false, for doubtful what is doubtful, and probable what is only probable. He does more, and here you have a great perfection of the philosopher: when he has no reason by which to judge, he knows how to live in suspension of judgment... The philosophical spirit is, then, a spirit of observation and exactness, which relates everything to true principles..."
"Words, as is well known, are the great foes of reality. I have been for many years a teacher of languages. It is an occupation which at length becomes fatal to whatever share of imagination, observation, and insight an ordinary person may be heir to. To a teacher of languages there comes a time when the world is but a place of many words and man appears a mere talking animal not much more wonderful than a parrot."
"It has been my observation that most people get ahead during the time that others waste."
"The great extension of our experience in recent years has brought light to the insufficiency of our simple mechanical conceptions and, as a consequence, has shaken the foundation on which the customary interpretation of observation was based."
"Perceptual reality is different for different species. In certain species it is a mode of observation, so what we call scientific fact is actually not ultimate truth, it is perceptual experience, and it's a mode of observation."
"A battle lost or won is easily described, understood, and appreciated, but the moral growth of a great nation requires reflection, as well as observation, to appreciate it."
"Hermeneutics is defined as the study of the methodological principles of interpretation."
"If a tree falls in a forest, and no-one is around to hear it, does it make a noise?"
"Whether if soul did not exist time would exist or not, is a question that may fairly be asked; for if there cannot be someone to count there cannot be anything that can be counted, so that evidently there cannot be number; for number is either what has been, or what can be, counted."
"There does seem to be among some members of our profession a rather desperate search for a "fundamental theory of information", which leads them to attempt to derive our practice from disciplines such as epistemology, or hermeneutics, or discourse analysis, or semiotics, or even "cybersemiotics". Their derivations rarely make adequate contact with the realities of information practice ⌠The theory of a science should spring from deep immersion in its practice."
"Talk can neither be verified nor falsified in any rigorous sense. This is an open secret which hermeneutics and aesthetics, from Aristotle to Croce, have laboured to exorcise or to conceal from themselves and their clients. This ontological, which is to say both primordial and essential axiom (or platitude) of ineradicable undecidability needs, none the less, to be closely argued."
"In place of hermeneutics we need an erotics of art."
"Nothing has such power to broaden the mind as the ability to investigate systematically and truly all that comes under thy observation in life."
"That concept of hermeneutics is quite different from that traditionally assigned to the word. Normally it is defined as the science of interpretation"
"The term hermeneutics, a Latinized version of the Greek hermeneutice, has been part of common language from the beginning of the 17th century."
"The term hermeneutics covers both the first order art and the second order theory of understanding and interpretation of linguistic and non-linguistic expressions."
"When you come to a good book, you must ask yourself, âAm I inclined to work as an Australian miner would? Are my pickaxes and shovels in good order, and am I in good trim myself, my sleeves well up to the elbow, and my breath good, and my temper?â And, keeping the figure a little longer, even at cost of tiresomeness, for it is a thoroughly useful one, the metal you are in search of being the authorâs mind or meaning, his words are as the rock which you have to crush and smelt in order to get at it. And your pickaxes are your own care, wit, and learning; your smelting furnace is your own thoughtful soul. Do not hope to get at any good authorâs meaning without those tools and that fire; often you will need sharpest, finest chiselling, and patientest fusing, before you can gather one grain of the metal."
"Those who devote themselves to the study of Sacred Scripture should always remember that the various hermeneutical approaches have their own philosophical underpinnings, which need to be carefully evaluated before they are applied to the sacred texts.â"
"A pinch of observation is worth a mountain of hypothesis."
"Ideology critique raises a claim that it shares with hermeneutics, namely, the claim to understand an âauthorâ better than he understands himself. What at first sounds arrogant about this claim can be methodologically justified. Others often really do perceive things about me that escape my attentionâand conversely. They possess the advantage of distance, which I can profit from only retrospectively through dialogic mirroring. This, of course, would presuppose a functioning dialogue, which is precisely what does not take place in the process of ideology critique. An ideology critique that does not clearly accept its identity as satire can, however, easily be transformed from an instrument in the search for truth into one of dogmatism. All too often, it interferes with the capacity for dialogue instead of opening up new paths for it."
"Rhetoric and dialectics can't change what I have learned from observation and experience."
"The statement that the Bible is Godâs Word is a confession of faith, a statement of the faith which hears God Himself speak through the biblical word of man."
"The hermeneutic consciousness, which must be awakened and kept awake, recognized that in the age of science philosophy's claim of superiority has something chimerical and unreal about it. But though the will of man is more than ever intensifying its criticism of what has gone before to the point of becoming utopian or eschatological consciousness, the hermeneutic consciousness seeks to confront that will with something of the truth of remembrance: with what is still and ever again real."
"I do not recommend any legislative action against hermeneutics. I am a liberal person opposed to all unnecessary state limitation of individual liberties. Hermeneutics between consenting adults should not, in my view, be the object of any statutory restrictions. I know, only too well, what it would entail. Hermeneutic speakeasies would spring up all over the place, smuggled Thick Descriptions would be brought in by the lorry-load from Canada by the Mafia, blood and thick meaning would clot in the gutter as rival gangs of semiotic bootleggers slugged it out in a series of bloody shoot-outs and ambushes. Addicts would be subject to blackmail. Consumption of deep meanings and its attendant psychic consequences would in no way diminsh, but the criminal world would benefit, and the whole fabric of civil society would be put under severe strain. Never!"
"The lives of the saints are the hermeneutical key to Scripture."
"Dasein must be hermeneutical, that is, aware of its own historical formation and indefatigably attentive to the problem of interpretation. Implied in such an awareness of its own interpretive origins is a âdestructionâ or dismantling of the transmitted conceptual apparatus, a clearing of the congested arteries of a philosophical tradition that has all the answers but no longer experiences the questionsâespecially the question of its own provenance and purpose."
"If we can recover the naturalistic ambitions of Marx, Nietzsche, and Freud, ⌠philosophy becomes relevant because the worldâriven as it is with hypocrisy and concealmentâdesperately needs a hermeneutics of suspicion to unmask it. And by taking these three seminal figures of the Continental traditions as philosophical naturalists we show their work to be continuous with the naturalistic turn that has swept Anglophone philosophy over the past several decades. ⌠The antipathy to naturalism often thought to be constitutive of âthe Continental traditionâ is simply an artifact of cutting the joints of that tradition in certain places."
"Hermeneutics, defined as the study of the understanding of the works of man, transcends linguistic forms of interpretation. Its principles apply not only to works in written form but to any work of art. Since this is so, hermeneutics is fundamental to all the humanities â all those disciplines occupied with the interpretation of the works of man."
"Information impactedness is a derivative condition that arises mainly because of uncertainty and opportunism, though bounded rationality is involved as well. It exists when true underlying circumstances relevant to the transaction, or related set of transactions, are known to one or more parties but cannot be costlessly discerned by or displayed for others."
"In Administrative Behavior, bounded rationality is largely characterized as a residual category â rationality is bounded when it falls short of omniscience. And the failures of omniscience are largely failures of knowing all the alternatives, uncertainty about relevant exogenous events, and inability to calculate consequences. There was needed a more positive and formal characterization of the mechanisms of choice under conditions of bounded rationality... Two concepts are central to the characterization: search and satisficing."
"If (...) we accept the proposition that both the knowledge and the computational power of the decision maker are severely limited, then we must distinguish between the real world and the actorâs perception of it and reasoning about it."
"In the literature of problem solving, the topic I am now taking up is called "problem representation." In the past 30 years, a great deal has been learned about how people solve problems by searching selectively through a problem space defined by a particular problem representation. Much less has been learned about how people acquire a representation for dealing with a new problemâone they haven't previously encountered."
"The problem can be approached initially either by inquiring into the properties of the choosing organism, or by inquiring into the environment of choice."
"Both from these scanty data and from an examination of the postulates of the economic models it appears probable that, however adaptive the behavior of organisms in learning and choice situations, this adaptiveness falls far short of the ideal of âmaximizingâ postulated in economic theory. Evidently, organisms adapt well enough toâsatisficeâ; theydo not, in general, âoptimizeâ."
"A comparative examination of the models of adaptive behavior employed in psychology (e.g., learning theories), and of the models of rational behavior employed in economics, shows that in almost all respects the latter postulate a much greater complexity in the choice mechanisms, and a much larger capacity in the organism for obtaining information and performing computations, than do the former. Moreover, in the limited range of situations where the predictions of the two theories have been compared (...), the learning theories appear to account for the observed behavior rather better than do the theories of rational behavior."
"⌠I shall assume that the concept of âeconomic manâ(...) is in need of fairly drastic revision, and shall put forth some suggestions as to the direction the revision might take."
"The principle of bounded rationality [is] the capacity of the human mind for formulating and solving complex problems is very small compared with the size of the problems whose solution is required for objectively rational behavior in the real world â or even for a reasonable approximation to such objective rationality."
"Broadly stated, the task is to replace the global rationality of economic man with a kind of rational behavior that is compatible with the access to information and the computational capacities that are actually possessed by organisms, including man, in the kinds of environments in which such organisms exist."
"The first consequence of the principle of bounded rationality is that the intended rationality of an actor requires him to construct a simplified model of the real situation in order to deal with it. He behaves rationally with respect to this model, and such behavior is not even approximately optimal with respect to the real world. To predict his behavior we must understand the way in which this simplified model is constructed, and its construction will certainly be related to his psychological properties as a perceiving, thinking, and learning animal."
"Two types of conventions [ in organizational settings] may be distinguished here: (a) conventional rules of behavior demonstrated in the classroom mental experience (ďŹrst part of the story) and (b) conventional representation of the world revealed in the following discussions with ââexperiencedâ friends (second part)."
"Simonâs conventionalism leads to a decision paradigm, according to which understanding problems of coordination is impossible without taking into consideration individual cognitive limits and social representations of reality."
"Bounded rationality means that people make quite reasonable decisions based on the information they have. But they don't have perfect information, especially about more distant parts of the system. [...] We don't even interpret perfectly the imperfect information that we do have, say behavioral scientists. [...] Which is to say, we don't even make decisions that optimize our own individual good, much less the good of the system as a whole."
"Although contributions of many writers have helped the rise of behavioral economics including psychologists Kahneman and Tversky, I regard the works of George Katona and Herbert Simon instrumental in its rise. While the works of Katona and his colleagues at Michigan University led to the use of survey method in economics and its utilization in measuring the impact of consumer expectations on macroeconomic activity, the work of Simon at Carnegie Tech. (a tremendously stimulating intellectual environment for economic theorizing then) resulted in the important theoretical foundations of behavioral economics, such as the concept of bounded rationality."
"The term âbounded rationalityâ was coined in the 1950s by Herbert A. Simon."
"Models of bounded rationality describe how a judgement or decision is reached (that is, the heuristic processes or proximal mechanisms) rather than merely the outcome of the decision, and they describe the class of environments in which these heuristics will succeed or fail."
"In a fundamental sense, Alchian's theory of economic organizations is different from those of Coase or Simon. He disavows an explicit model of individual choice... and... offers a system-level explanation of organizational emergence, structure, and survival that is largely independent of decision making at the micro level... Yet it is precisely this independence of a distinct model of choice that ultimately renders it compatible with the individualistic theories of both Coase and Simon...."
"One is forced to assume that ordinary people have the computational capabilities and statistical software of econometricians."
"The type of rationality we assume in economics â perfect, logical, deductive rationality â is extremely useful in generating solutions to theoretical problems. But it demands much of human behavior â much more in fact than it can usually deliver. If we were to imagine the vast collection of decision problems economic agents might conceivably deal with as a sea or an ocean, with the easier problems on top and more complicated ones at increasing depth, then deductive rationality would describe human behavior accurately only within a few feet of the surface. For example, the game Tic-Tac-Toe is simple, and we can readily find a perfectly rational, minimax solution to it. But we do not find rational âsolutionsâ at the depth of Checkers; and certainly not at the still modest depths of Chess and Go."
"There are two basic ways market organization is brought about... Some combination of the two is usual the case:"
"# Strategic structuring, informal or formal, whereby social agents, including the state, establish a rule regime regulating market access and transactions..."