Michael Jensen (1939) American economist
Source: "Theory of the firm: Managerial behavior, agency costs and ownership structure", 1976, p. 308
The Economic Tendency of Freethought (1890)
Context: An agent is usually held accountable to his principals. If you do not know the individuals who voted for you, then you do not know for whom you are acting, nor to whom you are accountable. If any body of persons has delegated to you any authority, the disposal of any right or part of a right (supposing a right to be transferable), you must have received it from the individuals composing that body; and you must have some means of learning who those individuals are, or you cannot know for whom you act, and you are utterly irresponsible as an agent.
Michael Jensen (1939) American economist
Source: "Theory of the firm: Managerial behavior, agency costs and ownership structure", 1976, p. 308
Michael Jensen (1939) American economist
Source: "Theory of the firm: Managerial behavior, agency costs and ownership structure", 1976, p. 308-9
“The destroyers will rarely be held accountable. Mostly they will receive pensions.”
Ta-Nehisi Coates book Between the World and Me
Source: Between the World and Me (2015), p. 9.
Context: Resent the people trying to entrap your body and it can be destroyed.... The destroyers will rarely be held accountable. Mostly they will receive pensions. And destruction is merely the superlative form of a dominion whose prerogatives include friskings, detainings, beatings, and humiliations. All of this is common to black people. And all of this is old for black people. No one is held responsible.
“Religion should never be held to account for inferior scholarship.”
William Augustus Muhlenberg (1796–1877) United States Anglican Episcopal clergyman
"The Development of the School Idea in American Church Life," in Dr. Muhlenberg by William Wilberforce Newton, 1890.
Ron Paul (1935) American politician and physician
Statement on the Congressional Education Plan, May 23, 2001 http://www.house.gov/paul/congrec/congrec2001/cr052301.htm <br class="br">2000s, 2001-2005
Warren Farrell book The Myth of Male Power
Source: The Myth of Male Power (1993), Part III: Government as substitute husband, p. 250.