Adam Smith's 'invisible hand' is not above sudden, disturbing, movements. Since its inception, capitalism has known slumps and recessions, bubble and froth; no one has yet dis-invented the business cycle, and probably no one will; and what Schumpeter famously called the 'gales of creative destruction' still roar mightily from time to time. To lament these things is ultimately to lament the bracing blast of freedom itself.
Indeed, intolerance is essential only to monotheism; an only God is by nature a jealous God who will not allow another to live. On the other hand, polytheistic gods are naturally tolerant, they live and let live.
One cannot be a good historian of the outward, visible world without giving some thought to the hidden, private life of ordinary people; and on the other hand one cannot be a good historian of this inner life without taking into account outward events where these are relevant.
I enjoy almost everything. Yet I have some restless searcher in me. Why is there not a discovery in life? Something one can lay hands on and say “This is it”? My depression is a harassed feeling. I’m looking: but that’s not it — that’s not it. What is it? And shall I die before I find it?
My voice is the only material thing in which I can still reveal myself. Go ahead and cut off the hand or the testicles of a voice. Try to find the head of a voice, the orifice through which it passes, or even the breasts to which you can attach the clips of your electrodes. Nothing. Resonant tooth.
Facts or opinions which are to pass through the hands of so many, to be misconceived by folly in one, and ignorance in another, can hardly have much truth left.
The fear among economists across the political spectrum that was - was that we were rapidly plummeting towards a second Great Depression. So, in the weeks and months that followed, we undertook a series of difficult steps to prevent that outcome. And we were forced to take those steps largely without the help of an opposition party, which, unfortunately, after having presided over the decision-making that had led to the crisis, decided to hand it over to others to solve.
It's incredible considering the public perception that he was tight fisted and he was more than prudent, and lacked ambition to take Tottenham to where the fans wanted them to be.
Every individual is continually exerting himself to find out the most advantageous employment for whatever capital he can command. It is his own advantage, indeed, and not that of the society which he has in view. But the study of his own advantage naturally, or rather necessarily, leads him to prefer that employment which is most advantageous to society... He intends only his own gain, and he is in this, as in many other cases, led by an invisible hand to promote an end which was not part of his intention