2009 Quotes

The new crimes that the US and Israel were committing in Gaza as 2009 opened do not fit easily into any standard category—except for the category of familiarity.

Of course all such conclusions about appropriate actions against the rich and powerful are based on a fundamental flaw: This is us, and that is them. This crucial principle, deeply embedded in Western culture, suffices to undermine even the most precise analogy and the most impeccable reasoning.

The first virtue of a young man today - that is, for the next fifty years perhaps, as long as we live in fear, and religion has regained its powers - is to be incapable of enthusiasm and not to have much in the way of brains.

Stendhal

An essential pedagogic step here is to relegate the teaching of mathematical methods in economics to mathematics departments. Any mathematical training in economics, if it occurs at all, should come after students have at the very least completed course work in basic calculus, algebra and differential equations (the last being one about which most economists are woefully ignorant). This simultaneously explains why neoclassical economists obsess too much about proofs and why non-neoclassical economists, like those in the Circuit School, experience such difficulties in translating excellent verbal ideas about credit creation into coherent dynamic models of a monetary production economy.

From this failure to expunge the microeconomic foundations of neoclassical economics from post-Great Depression theory arose the "microfoundations of macroeconomics" debate, which ultimately led to a model in which the economy is viewed as a single utility-maximizing individual blessed with perfect knowledge of the future.Fortunately, behavioral economics provides the beginnings of an alternative vision of how individuals operate in a market environment, while multi-agent modelling and network theory give us foundations for understanding group dynamics in a complex society. These approaches explicitly emphasize what neoclassical economics has evaded: that aggregation of heterogeneous individuals results in emergent properties of the group, which cannot be reduced to the behavior of any "representative individual." These approaches should replace neoclassical microeconomics completely.

The fallacy that dynamic processes must be modeled as if the system is in continuous equilibrium is probably the most important reason for the intellectual failure of neoclassical economics. Mathematics, science and engineering developed tools long ago to model outside of equilibrium processes. This dynamic approach to thinking about the economy should become second nature to economists.

Neoclassical economics has effectively insulated itself from the great advances made in science and engineering over the last 40 years. This self-imposed isolation must come to an end. For while the concepts of neoclassical economics appear difficult, they are actually quaint in comparison to the sophistication evident in today's mathematics, engineering, computing, evolutionary biology and physics. In order to advance, economics must humbly submit to learning from disciplines that it has studiously ignored for so long. Some researchers in outside fields have called for the wholesale replacement of standard economics curricula, using at least the building blocks of modern thought inherent in other disciplines.

Economics also has to become a fundamentally monetary discipline—from the consideration of how individuals make market decisions through to our understanding of macroeconomics. The myth of "the money illusion" (which can only be true in a world without debt) has to be immediately dispelled, while our macroeconomics have to reflect a monetary economy in which nominal magnitudes matter, precisely because they are the link between the value of current output and the financing of accumulated debt. The dangers of excessive debt and deflation simply cannot be comprehended from a neoclassical perspective.The discipline must also become fundamentally empirical, in contrast to the faux empiricism of econometrics. By this I mean basing itself on the economic and financial data first and foremost—the collection and interpretation of which has been the hallmark of contributions by econophysicists—and by respecting economic history, a topic which has been systematically expunged from economics departments around the world.

Theory of public goods. Theory that if I take you euro (as an elected state government) and give fifty cents back... you will be happier and I will be satisfied.

Radovan Kavický

Even if Zuma was to develop the authoritarian impulses of a Mugabe, he would be checked—not least by his own party, which set a continental precedent by ousting Thabo Mbeki in 2007, after it felt he had outstayed his welcome by seeking a third term as party president. The ANC appears to have set itself against that deathtrap of African democracy: the ruler for life.

Hamas is regularly described as 'Iranian-backed Hamas, which is dedicated to the destruction of Israel.' One will be hard put to find something like 'democratically elected Hamas, which has long been calling for a two-state settlement in accord with the international consensus'—blocked for over 30 years by the US and Israel. All true, but not a useful contribution to the Party Line, hence dispensable.

Then he smiles because he knows deep in his bones that his dad has gone and said something really funny probably. He kicks off his sheet and slides his feet into his slippers. Bunny sits in the living room, slumped low on the sofa, full of Geoffrey's Scotch and Poodle's cocaine.

Nick Cave

There is one key area in which Zuma has made no attempt at reconciliation whatsoever: criminal justice and security. The ministers of justice, defence, intelligence (now called 'state security' in a throwback to both apartheid and the ANC's old Stalinist past), police and communications are all die-hard Zuma loyalists. Whatever their line functions, they will also play the role they have played so ably to date: keeping Zuma out of court—and making sure the state serves Zuma as it once did Mbeki.

True creativity is inherently destructive, and truly creative individuals always, without exception, seek to destroy the mediums they work within.

Volatile expressions of anger and hostility combined with a tendency to blame others often result from feeling shame.... If you are shame-prone, any accusation directed at you, regardless of how mildly it may be delivered, has the potential to make you feel that you have failed or that you are inadequate. Rather than simply admit wrongdoing, you get angry and accusatory in order to hold yourself blameless. Using anger or hostility for self-protection hides your vulnerability and needs. Unfortunately, since most people are repelled by an angry response, this method may be effective. Your anger may drive away the very people who should know your real feelings, and it may deprive you of the opportunity to allow others to be aware of your needs. Behaving in an offensive or frightening way toward others can cause them to retreat out of fear. But, actually, the fear is your own, which you have turned against someone else in the form of anger.

I really look forward to that insane hour that we spend together. I really do.

Remember one thing as South Africa prepares to go to the polls this week and the world grapples with the ascendancy of the African National Congress leader Jacob Zuma: South Africa is not Zimbabwe.In South Africa, no one doubts that Wednesday's elections will be free and fair. While there is an unacceptable degree of government corruption, there is no evidence of the wholesale kleptocracy of Robert Mugabe's elite. While there has been the abuse of the organs of state by the ruling ANC, there is not the state terror of Mugabe's Zanu-PF. And while there is a clear left bias to Zuma's ANC, there is no suggestion of the kind of voluntarist experimentation that has brought Zimbabwe to its knees.

This is what you get when you found a political system on the family values of Henry VIII. At a point in the not-too-remote future, the stout heart of Queen Elizabeth II will cease to beat. At that precise moment, her firstborn son will become head of state, head of the armed forces, and head of the Church of England. In strict constitutional terms, this ought not to matter much. The English monarchy, as has been said, reigns but does not rule. From the aesthetic point of view it will matter a bit, because the prospect of a morose bat-eared and chinless man, prematurely aged, and with the most abysmal taste in royal consorts, is a distinctly lowering one.

Christopher Hitchens

Accept that what you see is what you'll get. Once your relationship becomes firmly established, your partner's personality and the way in which [he or] she treats you will most likely be what your future together will look like. Staying with a partner whom you hope will change usually results in disappointment.