John Maynard
John Maynard
criticism doe should
It is in the nature of science that once a position becomes orthodox it should be suggested to criticism.... It does not follow that, because a position is orthodox, it is wrong.
science action theory
Scientific theories tell us what is possible; myths tell us what is desirable. Both are needed to guide proper action.
games fields biology
Paradoxically, it has turned out that game theory is more readily applied to biology than to the field of economic behavior for which it was originally designed
evolution natural mathematics
Mathematics without natural history is sterile, but natural history without mathematics is muddled.
thinking games levels
Evolutionary game theory is a way of thinking about evolution at the phenotypic level when the fitnesses of particular phenotypes depend on their frequencies in the population.
war class sides
The Class war will find me on the side of the educated bourgeoisie.
long serious shame
I feel no shame at being found still owning a share when the bottom of the market comes…I would go much further than that. I should say that it is from time to time the duty of a serious investor to accept the depreciation of his holdings with equanimity and without reproaching himself. … An investor…should be aiming primarily at long-period results, and should be solely judged by these.
mistake thinking risk
It is a mistake to think that one limits one’s risk by spreading too much between enterprises about which one knows little and has no reason for special confidence.
president odysseus wiser
Like Odysseus, the President looked wiser when he was seated.
provision made shows
Experience shows that what happens is always the thing against which one has not made provision in advance.
running taxation may
Nor should the argument seem strange that taxation may be so high as to defeat its object, and that, given sufficient time to gather the fruits, a reduction of taxation will run a better chance than an increase of balancing the budget.
years criticism doctrine
Thus, the weight of my criticism is directed against the inadequacy of the theoretical foundations of the laissez-faire doctrine upon which I was brought up and for many years I taught
government views might
The introduction of a substantial Government transfer tax on all transactions might prove the most serviceable reform available,with a view to mitigating the predominance of speculation in the United States.
pounds bankers mercy
If you owe your banker a thousand pounds, you are at his mercy. If you owe your banker a million pounds, he is at your mercy.