Interest Theory Quotes & Sayings

Keynes was a great economist. In every discipline, progress comes from people who make hypotheses, most of which turn out to be wrong, but all of which ultimately point to the right answer. Now Keynes, in The General Theory of Employment, Interest and Money,set forth a hypothesis which was a beautiful one, and it really altered the shape of economics. But it turned out that it was a wrong hypothesis. That doesn't mean that he wasn't a great man! — Milton Friedman

What remains constant for me, during the last 15 years, has been the conviction that the cold war was a calamity for the entire world, and that it can be justified by no consideration of theory, nor by any supposed national interest. — Earl Browder

He became convinced that ordinary commercial financing could be done for a service charge plus an insurance fee amounting to much less that the current rates of interest charged by banks, whose rates were based on supply and demand, treating money as a commodity rather than as a sovereign state's means of exchange. — Robert A. Heinlein

I don't like theorizing about my work myself, but that's not to say I have no interest in theory. Other people are free to say what they want about my work. — David Shrigley

we have a bit of self-interest in relieving the misery of others. One school of modern economic theory, following Hobbes, argues that people give to charities in part because of the pleasure they get from imagining either the relief of those they benefit or their own relief from alleviating their sympathetic distress. — Daniel Goleman

The theory is that if you take interest rates negative, people are going to say, "That's a silly game! I'm not going to lend my money to governments who want me to pay them. I am going to go into the stock market where I can get positive returns!" — Mohamed El-Erian

The discovery which has been pointed to by theory is always one of profound interest and importance, but it is usually the close and crown of a long and fruitful period, whereas the discovery which comes as a puzzle and surprise usually marks a fresh epoch and opens a new chapter in science. — Oliver Lodge

The genetic theory of homosexuality has been generally discarded today ... Despite the interest in possible hormone mechanisms in the origin of homosexuality, no serious scientist today suggests that a simple cause-effect relationship applies. — William H. Masters

And even though he's the father of capitalism and wrote the most famous and maybe the best book ever on why some nations are rich and others are poor, Adam Smith in The Theory of Moral Sentiments wrote as eloquently as anyone ever has on the futility of pursuing money with the hope of finding happiness. How do you reconcile that with the fact that no one did more than Adam Smith to make capitalism and self-interest respectable? That is a puzzle I try to unravel toward the end of this book. Besides the emptiness of excessive materialism, Smith understood the potential we have for self-deception, the danger of unintended consequences, the seductive lure of fame and power, the limitations of human reason, and the unseen sources of what makes our lives both so complex and yet at times so orderly. The Theory of Moral Sentiments is a book of observations about what makes us tick. As a bonus, almost in passing, Smith tells us how to lead the good life in the fullest sense of that phrase. — Russ Roberts

The wise woman patterns her life on the theory and practice of modern banking. She never gives her love, but only lends it on the best security and at the highest rate of interest. — Henri De Toulouse-Lautrec

In the modern world we are in a paradoxical situation; because although in theory man knows that he can extend his attention to something and then remove it, he very often does not do so. In many areas he does not look at something and then detach from it, and look at something else.
Once he has found something to interest himself in, he cannot detach himself from it efficiently, and therefore he cannot be objective. Note that, in most if not all languages, we have words like 'objectivity' which leads people to imagine that they have it, or can easily use it. That is equivalent (in reality if not in theory) to saying 'I know the word "gold", so I am rich. — Idries Shah

Cognitive rigidities may also prevent social groups from mobilizing in their own self-interest. In the United States, many working-class voters support candidates promising to lower taxes on the wealthy, despite the fact that this hurts their own economic situations. They do so in the belief that such policies will spur economic growth that will eventually trickle down to them, or else make government deficits self-financing. The theory has proved remarkably tenacious in the face of considerable evidence that it is not true. — Francis Fukuyama

All of us, I suppose, like to believe that in a moral emergency we will behave like the heroes of our youth, bravely and forthrightly, without thought of personal loss or discredit. Certainly that was my conviction back in the summer of 1968. Tim O'Brien: a secret hero. The Lone Ranger. If the stakes ever became high enough - if the evil were evil enough, if the good were good enough - I would simply tap a secret reservoir of courage that had been accumulating inside me over the years. Courage, I seemed to think, comes to us in finite quantities, like an inheritance, and by being frugal and stashing it away and letting it earn interest, we steadily increase our moral capital in preparation for that day when the account must be drawn down. It was a comforting theory. It dispensed with all those bothersome little acts of daily courage; it offered hope and grace to the repetitive coward; it justified the past while amortizing the future. — Tim O'Brien

If you are a leader or someone who works for the interest of a community, first make sure that you understand the interest of the people who make up that community. In this way, you will have a good chance of minimizing, perhaps, avoiding the us versus them mentality. — Duop Chak Wuol

The philosophy of praxis does not aim at the peaceful resolution of existing contradictions in history and society, but is the very theory of these contradictions. It is not the instrument of government of the dominant groups in order to gain the consent and exercise hegemony over the subaltern classes. It is the expression of subaltern classes who want to educate themselves in the art of government and who have an interest in knowing all truths, even the unpleasant ones, and in avoiding the impossible deceptions of the upper class, and even more their own. — Antonio Gramsci

If, of course, one builds into the concept of an 'individual' all that Professor Hayek does in his Road To Serfdom, Individualism and Economic Order and many other works, which is, to put it briefly, the whole of laisser-faire economic theory, then plainly man as such a programmed predator has very little interest in being fraternal, or very little chance. — Bernard Crick

State interventions in markets (once created) must be kept to a bare minimum because, according to the theory, the state cannot possibly possess enough information to second-guess market signals (prices) and because powerful interest groups will inevitably distort and bias state interventions (particularly in democracies) for their own benefit. — David Harvey

We have such a theory now; we can solve any moral problem, on any level. Self-interest, love of family, duty to country, responsibility toward the human race - we are even developing an exact ethic for extra-human relations. But all moral problems can be illustrated by one misquotation: 'Greater love hath no man than a mother cat dying to defend her kittens.' Once you understand the problem facing that cat and how she solved it, you will then be ready to examine yourself and learn how high up the moral ladder you are capable of climbing. — Robert A. Heinlein

Unfortunately for ethical egoism, the claim that we will all be better off if every one of us does what is in his or her own interest is incorrect. This is shown by what are known as "prisoner's dilemma" situations, which are playing an increasingly important role in discussions of ethical theory ... At least on the collective level, therefore, egoism is self-defeating - a conclusion well brought out by Parfit in his aforementioned Reasons and Persons. — Peter Singer

There is no rest for the humble except in despising the great, whose only thought of the people is inspired by self-interest or sadism. — Louis-Ferdinand Celine

I've always had a theory that whenever guys and gals start swinging, they begin to lose interest in conquering the world. They just want a comfortable pad and stereo and wheels, and their thoughts turn to the good things of life - not to war. They loosen up, they live and they're more apt to let live. — Frank Sinatra

Many Buddhists understand the Round of birth-and-death quite literally as a process of reincarnation, wherein the karma which shapes the individual does so again and again in life after life until, through insight and awakening, it is laid to rest. But in Zen, and in other schools of the Mahayana, it is often taken in a more figurative way, as that the process of rebirth is from moment to moment, so that one is being reborn so long as one identifies himself with a continuing ego which reincarnates itself afresh at each moment of time. Thus the validity and interest of the doctrine does not require acceptance of a special theory of survival. — Alan W. Watts

In view of the importance of philanthropy in our society, it is surprising that so little attention has been given to it by economic or social theorists. In economic theory, especially, the subject is almost completely ignored. This is not, I think, because economists regard mankind as basically selfish or even because economic man is supposed to act only in his self-interest; it is rather because economics has essentially grown up around the phenomenon of exchange and its theoretical structure rests heavily on this process. — Kenneth E. Boulding

The real scientific study of the distribution of wealth has, we must confess, scarcely begun. The conventional academic study of the so-called theory of distribution into rent, interest, wages, and profits is only remotely related to the subject. This subject, the causes and cures for the actual distribution of capital and income among real persons, is one of the many now in need of our best efforts as scientific students of society. — Irving Fisher

Obama, startled that components of government behave as interest groups, seems utterly unfamiliar with public choice theory. It demystifies and de-romanticizes politics by applying economic analysis - how incentives influence behavior - to government. — George Will

We could solve all our problems if only we were the efficient, rational human beings of standard economic theory and had politicians willing to think in the long-term interest of their people rather than their own. — Jeremy Grantham

Men follow their sentiments and their self-interest, but it pleases them to imagine that they follow reason. And so they look for, and always find, some theory which, a posteriori, makes their actions appear to be logical. If that theory could be demolished scientifically, the only result would be that another theory would be substituted for the first one, and for the same purpose. — Vilfredo Pareto

In teaching, the other main problem related to type is the students' interest. Intuitives and sensing types differ greatly in what they find interesting in any subject even if they like, that is, are interested in, the same subjects. Intuitives like the principle, the theory, the why. Sensing types like the practical application, the what and the how. — Isabel Briggs Myers

Art becomes so specialized as to be comprehensible only to artists, and they complain bitterly of public indifference to their work.
Competition arises. The wild battle for success becomes more and more material. Small groups who have fought their way to the top of the chaotic world of art and picture-making entrench themselves in the territory they have won. The public, left far behind, looks on bewildered, loses interest and turns away. — Wassily Kandinsky

The latter is useful for predictive purposes only to the extent that the individual participant, in the market relationship, is guided by economic interest. Through the use of this specific assumption about human motivation, scholars have been able to establish for economic theory a limited claim as the only positive social science. — Anonymous

I seldom went to bed before two or three o'clock in the morning, on the theory that if anything of interest were to happen to a young man it would almost certainly happen late at night. — E.B. White

I had become interested in economics, an interest that was transformed into a lifetime dedication when I met with the mathematical theory of general economic equilibrium. — Gerard Debreu

Ethologists thus have an interest in looking at these capacities for the reliable acquisition of belief, and it is not surprising that they have a name for the true beliefs which are the typical product of these reliable capacities. They call them items of knowledge. So I argue that talk of knowledge may thereby be seen to be embedded within a successful empirical theory. — Hilary Kornblith

We're taught to talk about the world as a world of as states conceived as unified, coherent entities. If you study international relations (IR) theory, there's what's called "realist" IR theory, which says there is an anarchic world of states and states pursue their "national interest." It's in large part mythology. There are a few common interests, like we don't want to be destroyed. But, for the most part, people within a nation have very different interests. The interests of the CEO of General Electric and the janitor who cleans his floor are not the same. — Noam Chomsky

The theory of interest was wrapped in utter obscurity, until Hume and Smith dispelled the vapor. — Jean-Baptiste Say

I think US/UK genre has become more open to "diverse" writers and writing; there's a genuine interest in reading work from countries outside the US/UK and hearing voices that have been historically shut out, but at the same time, people are quite lazy. That sounds harsh, but I include myself in it - your tastes are shaped by what you've read and watched before, and it takes a little effort to understand stories that use a different voice, that follow different storytelling conventions, that are trying to subvert the dominant paradigm. There's a quite large group of people who are "yay diversity" in theory, but I think the number of people who have then said to themselves, "OK, if I'm committed to this, I need to start reading outside my comfort zone and making an effort" is maybe a little smaller. — Zen Cho

The theory of numbers is particularly liable to the accusation that some of its problems are the wrong sort of questions to ask. I do not myself think the danger is serious; either a reasonable amount of concentration leads to new ideas or methods of obvious interest, or else one just leaves the problem alone. "Perfect numbers" certainly never did any good, but then they never did any particular harm. — John Edensor Littlewood

My interest in economics has always been in the whole corpus of economic theory, the interrelationships between the various fields of theory and their relevance for the formulation of economic policy. — James Meade

The theory that everyone acts from self-interest, direct or indirect, is psychologically unsound ... Throughout history ... there have been millions of men and women with some sort of Humanist philosophy who have consciously given up their lives for a social ideal. — Corliss Lamont

However much the theory of political realism may have been misunderstood and misinterpreted, there is no gainsaying its distinctive intellectual and moral attitude to matters political.
Intellectually, the political realist maintains the autonomy of the political sphere, as the economist, the lawyer, the moralist maintain theirs. He thinks in terms of interest defined as power, as the economist thinks in terms of interest defined as wealth; the lawyer, of the conformity of action with legal rules; the moralist, of the conformity of action with moral principles. The economist asks: "How does this policy affect the wealth of society, or a segment of it?" The lawyer asks: "Is this policy in accord with the rules of law?" The moralist asks: "Is this policy in accord with moral principles?" And the political realist asks: "How does this policy affect the power of the nation? — Hans J. Morgenthau

Every bit of theorizing I've ever done, including my interest in Berg, has come as a consequence of discoveries I made as a composer and interests that I developed as a composer. I never thought of my theory as being a kind of irrelevant activity to my composing. — George Perle

Last is D, the number of spatial dimensions. Due to interest in M-theory, physicists have returned to the question of whether life is possible in higher or lower dimensions. — Michio Kaku

Admit only your victories until you have hooked their interest, then you draw them closer and admit the sort of failings that reflect well on a fellow, sentimental failings: that was the theory of courtship the young master had formulated... — Claire Robertson

Mr. Greenspan did a very good job in the early 1990's. But recently he's fallen prey to this crazy theory that prosperity causes inflation. So they're trying to slow the economy down by raising interest rates. It's like a doctor saying you're in great health, so we have to make you sick a little bit. It's a bizarre theory. It's going to hurt our economy. — Steve Forbes

For us the chief point of interest is the place where the game is played. Generatly it is a simple circle, dyutamandalam, drawn on the ground. The circle as such, however, has a magic significance. It is drawn with great care, all sorts of precautions being taken against cheating. The players are not allowed to leave the ring until they have discharged their obligations. But, sometimes a special hall is provisionally erected for the game, and this hall is holy ground. The Mahabharata devotes a whole chapter to the erection of the dicing hall - sabha - where the Pandavas are to meet their prtners. Games, of chance, therefore, have their serious side. They are included in ritual. — Johan Huizinga

self-determination theory." Many theories of behavior pivot around a particular human tendency: We're keen responders to positive and negative reinforcements, or zippy calculators of our self-interest, or lumpy duffel bags of psychosexual conflicts. — Daniel H. Pink

I'm afraid Dr. Mondrick chose an unfortunate publicity device. After all, the theory of human evolution is no longer front page news. Every known detail of the origin of mankind is extremely important to such a specialist as Dr. Mondrick, but it doesn't interest the man in the street - not unless it's dramatized. — Jack Williamson

The uncertainty principle signaled an end to Laplace's dream of a theory of science, a model of the universe that would be completely deterministic. We certainly cannot predict future events exactly if we cannot even measure the present state of the universe precisely!
We could still imagine that there is a set of laws that determine events completely for some supernatural being who, unlike us, could observe the present state of the universe without disturbing it. However, such models of the universe are not of much interest to us ordinary mortals. It seems better to employ the principle of economy known as Occam's razor and cut out all the features of the theory that cannot be observed. — Stephen Hawking

In The Theory of the Moral Sentiments, Smith emphasized that trust, responsibility and accountability exist only in a society that respects them, and only where the spontaneous fruit of human sympathy is allowed to ripen. It is where sympathy, duty and virtue achieve their proper place that self-interest leads, by an invisible hand, to a result that benefits everyone. And this means that people can best satisfy their interests only in a context where they are also on occasion moved to renounce them. Beneath every society where self-interest pays off, lies a foundation of self-sacrifice. — Roger Scruton

Our students wanted to know everything: but only the newest theory seemed to them worth bothering with. Knowing nothing of the intellectual achievements of the past, they kept fresh and intact their enthusiasm for 'the latest thing'. Fashion dominated their interest: they valued ideas not for themselves but for the prestige that they could wring from them. — Claude Levi-Strauss

Many scholars working in the humanities have already shown interest in brain research. For years, contemporary theory in the humanities has left the body and biology out of their discussions. — Siri Hustvedt

The instinct to survive is human nature itself, and every aspect of our personalities derives from it. Anything that conflicts with the survival instinct acts sooner or later to eliminate the individual and thereby fails to show up in future generations ... A scientifically verifiable theory of morals must be rooted in the individual's instinct to survive
and nowhere else!
and must correctly describe the hierarchy of survival, note the motivations at each level, and resolve all conflicts.
We have such a theory now; we can solve any moral problem, on any level. Self-interest, love of family, duty to country, responsibility toward the human race ...
The basis of all morality is duty, a concept with the same relation to group that self-interest has to individual. — Robert A. Heinlein

Governments do not necessarily act in the national interest, especially when making detailed microeconomic interventions. Instead, they are influenced by interest group pressures. The kinds of interventions that new trade theory suggests can raise national income will typically raise the welfare of small, fortunate groups by large amounts, while imposing costs on larger, more diffuse groups. — Paul Krugman

If behind popular fascination with Freudian theory there was a nervous, often guilty preoccupation with the self as sexual, behind increasing interest in computational interpretations of mind is an equally nervous preoccupation with the self as machine. — Sherry Turkle

However, The haven-Slocum Theory also points out that this course is not without risk. An even greater number of people dwelling on The Navidson Record have shown an increase in obsessiveness, insomnia, and incoherence: Most of those who chose to abandon their interest soon recovered. A few, however, required counseling and in some instances medication and hospitalization. Three cases resulted in suicide. — Mark Z. Danielewski

Ethics is not a bitter wind in one's face, stinging a person with injunctions to act against his interest, but a breeze at one's back, aiding a person toward the achievement of life-enhancing values. Morality is not a burden to be resented or scrimped on, complied with only grudgingly. If Rand's theory of the nature of morality is correct, cutting moral corners amounts to cutting one's own throat. Far from being a necessary evil, ethics is a necessary ally, an indispensable tool for living. To the extent that a moral code accurately identifies a life-promoting course, morality is a tremendous benefactor. — Tara Smith

Hypostatized into a ritual pattern, Marxian theory becomes ideology. But its content and function distinguish it from classical forms of ideology; it is not false consciousness, but a rather consciousness of falsehood, a falsehood which is corrected in the context of the higher truth represented by the objective historical interest. — Herbert Marcuse

These forays into the real world sharpened his view that scientists needed the widest possible education. He used to say, "How can you design for people if you don't know history and psychology? You can't. Because your mathematical formulas may be perfect, but the people will screw it up. And if that happens, it means you screwed it up." He peppered his lectures with quotations from Plato, Chaka Zulu, Emerson, and Chang-tzu.

But as a professor who was popular with his students - and who advocated general education - Thorne found himself swimming against the tide. The academic world was marching toward ever more specialized knowledge, expressed in ever more dense jargon. In this climate, being liked by your students was a sign of shallowness; and interest in real-world problems was proof of intellectual poverty and a distressing indifference to theory. — Michael Crichton

What? he would say, practically snapping to attention. What I had thought to be of passing interest would now take on profound fascination as I read it aloud, and Pat would inhale it. A few hours or a few days later, he would give it back, in talk or as gifts - books, records, tickets to a performance. I would like to tell Joe what a peculiar and suffocating feeling it got to be, to be attended to so closely, to have every idle remark sucked up and transformed into a theory, to be made relentlessly significant, oneself and an enlarged model of oneself, the Visible Woman, always being told what she was like and what it meant. — Jane Smiley

Does housekeeping interest you at all? I think it really ought to be just as good as writing and I never see where the separation between the too comes in. At least if you must put books on one side and life on the other, each is a poor and bloodless thing; but my theory is that they mix indistinguishable. — Virginia Woolf

No wonder then that men who cared, who were open to change, often just gave up, falling back on the patriarchal masculinity they found so problematic. The individual men who did take on the mantle of a feminist notion of male liberation did so only to find that few women respected this shift. Once the 'new man' that is the man changed by feminism was represented as a wimp, as overcooked broccoli dominated by powerful females who were secretly longing for his macho counterpart, masses of men lost interest. — Bell Hooks