“The most valuable of all capital is that invested in human beings”

“There has always been a temptation to classify economic goods in clearly defined groups, about which a number of short and sharp propositions could be made, to gratify at once the student’s desire for logical precision, and the popular liking for dogmas that have the air of being profound and are yet easily handled. But great mischief seems to have been done by yielding to this temptation, and drawing broad artificial lines of division where Nature has made none. The more simple and absolute an economic doctrine is, the greater will be the confusion which it brings into attempts to apply economic doctrines to practice, if the dividing lines to which it refers cannot be found in real life. There is not in real life a clear line of division between things that are and are not Capital, or that are and are not Necessaries, or again between labour that is and is not Productive.”

“(1) Use mathematics as shorthand language, rather than as an engine of inquiry. (2) Keep to them till you have done. (3) Translate into English. (4) Then illustrate by examples that are important in real life (5) Burn the mathematics. (6) If you can’t succeed in 4, burn 3. This I do often.”

“Most of all, I blamed the Icelander for the society and emotional remoteness and irrelevance of birds, that feathered people who seemed to reign over us all with economy of presence and with illicit incentive, perhaps waiting for the epoch in which humanity jettisoned our limbs to reunite with the worms so that their beaks might claim the kingdom which had eluded the diffuse protests of thrashing wings for so long. Oh yes, the birds could go get fucked best of all!”

“Theirs is the customary human reaction when confronted with innovation: to flounder about attempting to adapt old responses to new situations or to simply condemn or ignore the harbingers of change--a practice refined by the Chinese emperors, who used to execute messengers bringing bad news. The new technological environments generate the most pain among those least prepared to alter their old value structures. The literati find the new electronic environment far more threatening than do those less committed to literacy as a way of life. When an individual or social group feels that its whole identity is jeopardized by social or psychic change, its natural reaction is to lash out in defensive fury. But for all their lamentations, the revolution has already taken place.”

“Most of our assumptions have outlived their uselessness.”

“. . . a constitution, intended toendure for ages to come, andconsequently, to be adapted to thevarious crises of human affairs.”