“Dread of disaster makes everybody act in the very way that increases the disaster. Psychologically the situation is analogous to that of people trampled to death when there is a panic in a theatre caused by a cry of 'Fire!' In the situation that existed in the great depression, things could only be set right by causing the idle plant to work again. But everybody felt that to do so was to risk almost certain loss. Within the framework of classical economics there was no solution. Roosevelt saved the situation by bold and heretical action. He spent billions of public money and created a huge public debt, but by so doing he revived production and brought his country out of the depression. Businessmen, who in spite of such a sharp lesson continued to believe in old-fashioned economics, were infinitely shocked, and although Roosevelt saved them from ruin, they continued to curse him and to speak of him as 'the madman in the White House.”
Except for Fabre's investigation of the behavior of insects, I do not know any equally striking example of inability to learn from experience.
Part II: Man and Man, Ch. 14: Economic Co-operation and Competition, pp. 132–3
1950s, New Hopes for a Changing World (1951)
Help us to complete the source, original and additional information
Bertrand Russell 562
logician, one of the first analytic philosophers and politi… 1872–1970Related quotes

"James Tobin - Biographical" (1981)
Context: For me, growing up in the 1930s, the two motivations powerfully reinforced each other. The miserable failures of capitalist economies in the Great Depression were root causes of worldwide social and political disasters. The crisis triggered a fertile period of scientific ferment and revolution in economic theory.

Schenck v. United States, 249 U.S. 47, 52 (3 March 1919).
1910s

2000s, 2004, 2004 Video Broadcast on Al-Jazeera October 29

The Last Messiah [Den sidste Messias] (1933)

Message for the celebration of XXXIII World Day of Peace, 8 December 1999
Source: www.vatican.va http://www.vatican.va/holy_father/john_paul_ii/messages/peace/documents/hf_jp-ii_mes_08121999_xxxiii-world-day-for-peace_en.html
“The power grid's exposure risk is greater than that of power plants during natural disasters.”
Lee Chih-kung (2017) cited in " Taipower to improve electricity towers http://www.taipeitimes.com/News/biz/archives/2017/08/04/2003675856" on Taipei Times, 4 August 2017

“There's only one thing that's certain
And that's everybody, everybody's hurting”
"Everybody's Hurting"
Women + Country (2010)