Isaac Chan
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Isaac Chan

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Capitalism and It...
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  (page 202 of 624)
"Notes:
1) Keynes wrote “full employment is a special case, only realised when MPC and the inducement to invest stand in a particular relationship to one another”. So what’s this particular relationship?

2) Do modern empirical economists even believe in the multiplier theory anymore? Recall that commercial banks no longer “multiply up” central bank money after the Fed started paying interest on reserves."
Dec 19, 2025 07:42PM

 
The Nicomachean E...
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  (page 186 of 366)
"The notes teach that Aristotle denies the Platonic view that pleasure is a movement (kinesis) or coming-to-be (genesis) – I had no idea that Plato thought that pleasure is a dynamic movement. In which dialogue does he expound this? Ig it makes sense – pleasure must surely be but an imprint of the Good, and being a movement, not a static Form, makes it imperfect.

And so idk why Aristotle denies the Platonic view."
14 hours, 13 min ago

 
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Jack London
“Such was life, eh? A vain and fleeting thing. It was only life that pained. There was no hurt in death. To die was to sleep. It meant cessation, rest. Then why was he not content to die?”
Jack London, Love of Life

Leo Tolstoy
“Just as formerly everything called 'religious' was held to be unquestionable simply because it was called religious, so now all that is called 'scientific' is held to be unquestionable.”
Leo Tolstoy, A Letter to a Hindu

Thomas Sowell
“When intellectuals discover that the world does not behave according to their theories, the conclusion they invariably draw is that the world must be changed. It must be awfully hard to change theories.”
Thomas Sowell, Compassion Versus Guilt and Other Essays

“Economics is not hermeneutics, where economists pore over ancient texts hoping that by understanding them they can discover truths.”
Jason Furman

“Everyone thinks that they’re paid to be smart, but very few people are actually paid to be smart.”
Nathan Goldschlag

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