McFee's Musings

March 3, 2010

Ecomomists

Filed under: Quotes & Ideas — dwightmcfee @ 2:26 pm

A few geniuses aside, economists frame their assumptions to suit existing states of affairs, then invest them with an aura of permanent truth. They are intellectual butlers, serving the interests of those in power, not vigilant observers of shifting reality. Their systems trap them in orthodoxy.

When events coincide with their theorems, the orthodoxy they espouse enjoys its moment of glory. When events shift, it becomes obsolete. As Charles Morris wrote: “Intellectuals are reliable lagging indicators, near-infallible guides to what used to be true.”

Lord Skidelsky is professor emeritus of political economy at Warwick University, England, and author of a prize-winning Keynes biography.

February 3, 2010

Corporatism

Filed under: Quotes & Ideas — dwightmcfee @ 12:17 pm

“Among the most improtant yet most rarely used words. Better than any other it describes the organization of modern society.

Corporatism has been for some time the only real threat to democracy. That explains why our corporatist elites never discuss it.”

John Ralston Saul    The Doubter’s Companion- definition

January 16, 2010

Wisdom

Filed under: Quotes & Ideas — dwightmcfee @ 6:23 am

We do not receive wisdom, we must discover it for ourselves, after a journey through the wilderness,

which no one else can make for us, which no one can spare us, for our wisdom is the point of view from

which we come at last to regard the world.

                                                                                 MARCEL PROUST

Imagination

Filed under: Quotes & Ideas — dwightmcfee @ 6:16 am

A talent for speaking differently, rather than for arguing well,

is the chief instrument of cultural change.

                                                                               Richard Rorty

January 13, 2010

Mr King and the Preacher

Filed under: Quotes & Ideas — dwightmcfee @ 6:13 am

Mr. King ended his Hawaii speech by quoting a prayer from a preacher who had once been a slave, and it’s an apt description of the idea of America today: “Lord, we ain’t what we want to be; we ain’t what we ought to be; we ain’t what we gonna be, but, thank God, we ain’t what we was.”

Blog at WordPress.com.