“I made two major discoveries in the course of writing: one is a reflexive connection between credit and collateral; the other is a reflexive relationship between regulators and the economies they regulate”

— George Soros

The Alchemy of Finance: Reading the mind of the Market (1987)

Adopted from Wikiquote. Last update June 3, 2021. History

Help us to complete the source, original and additional information

Do you have more details about the quote "I made two major discoveries in the course of writing: one is a reflexive connection between credit and collateral; the…" by George Soros?

George Soros photo

George Soros 99

Hungarian-American business magnate, investor, and philanth… 1930

Related quotes

“Whenever the legislature attempts to regulate the differences between masters and their”

Adam Smith (1723–1790) Scottish moral philosopher and political economist

Source: The Wealth of Nations (1776), Book I, Chapter x, Part II, p. 168.
Context: Whenever the legislature attempts to regulate the differences between masters and their workmen, its counsellors are always the masters. When the regulation, therefore, is in favor of the workmen, it is always just and equitable; but it is sometimes otherwise when in favor of the masters.

“Fascism was not the protector of any one class, but a supreme regulator of the relations between all citizens of a state.”

Benito Mussolini book My Autobiography

My Autobiography , New York: NY, Charles Scribner’s Sons (1928) p. 280
1920s

“In reality, during the continuance of any one regulated proportion, between the respective values of the different values of the different metals in the coin, the value of the most precious metal regulates the value of the whole coin.”

Adam Smith (1723–1790) Scottish moral philosopher and political economist

Source: (1776), Book I, Chapter V, p. 50.

“I add that the French people know and love Morocco. Between our two countries there exists a cultural, social and human capillarity which transcend the circumstantial difficulties. But in France there is also, a reflex of security because we amalgamate Morocco with other countries of the southern Mediterranean. Morocco has a different identity.”

Mohammed VI of Morocco (1963) King of Morocco

Original French: J’ajoute que les Français connaissent et aiment le Maroc. Entre nos deux pays, il y a une capillarité culturelle, sociale et humaine qui transcende les difficultés de la conjoncture. Mais il y a aussi, en France, un réflexe sécuritaire parce qu’on fait l’amalgame entre le Maroc et d’autres pays de la rive sud de la Méditerranée.
Interview with Le Figaro–September 2001 http://www.maroc.ma/fr/discours-royaux/interview-accord%C3%A9e-par-sa-majest%C3%A9-le-roi-mohammed-vi-au-quotidien-fran%C3%A7ais-%C2%AB-le

“What I would like to show is that there is a vital dimension of their writing, which I call performative reflexivity, which if ignored or misunderstood will impede an adequate response to it.”

David Wood (1946) British philosopher, born 1946

Source: Philosophy At The Limit (1990), Chapter 8, Performative Reflexivity, p. 134

“Nineteenth-century civilization rested on four institutions. The first was the balance-of-power system which for a century prevented the occurrence of any long and devastating war between the Great Powers. The second was the international gold standard which symbolized a unique organization of world economy. The third was the self-regulating market which produced an unheard-of material welfare. The fourth was the liberal state. Classified in one way, two of these institutions were economic, two political. Classified in another way, two of them were national, two international. Between them they determined the characteristic outlines of the history of our civilization.
Of these institutions the gold standard proved crucial; its fall was the proximate cause of the catastrophe. By the time it failed, most of the other institutions had been sacrificed in a vain effort to save it. But the fount and matrix of the system was the self-regulating market. It was this innovation which gave rise to a specific civilization.”

Karl Polanyi book The Great Transformation

The Great Transformation (1944), Ch. 1 : The Hundred Years' Peace

“Unlike most, a ball player must confront two deaths. First, between the ages of thirty and forty he perishes as an athlete. Although he looks trim and feels vigorous and retains unusual coordination, the superlative reflexes, the major league reflexes, pass on. At a point when many of his classmates are newly confident and rising in other fields, he finds that he can no longer hit a very good fast ball or reach a grounder four strides to his right. At thirty-five he is is experiencing the truth of finality. As his major league career is ending, all things will end. However he sprang, he was always earthbound. Mortality embraces him. The golden age has passed in a moment. So will all things. So will all moments.”

Roger Kahn (1927–2020) American baseball writer

Source: The Boys Of Summer, Lines On The Transpontine Madness, p. xx

“It is interesting to note that in nearly all the economics courses it is taught that the income tax is the proper instrument for the regulation of the country’s economy; that private property is not an inalienable right (in fact, there are no inalienable rights); that the economic ills of the country are traceable to the remnants of free enterprise; that the economy of the nation can be sound only when the government manages prices, controls wages, and regulates operations. This was not taught in the colleges before 1913.”

Frank Chodorov (1887–1966) American libertarian thinker

Source: The Income Tax: Root of All Evil (1954), p. 34

“I was born wandering between two worlds, one dead, the other powerless to be born, and have made, in a curious way, the worst of both.”

Aldous Huxley (1894–1963) English writer

“The attempt to regulate relations between people too closely, by means of the law, in the name of an abstraction such as equality, leads to both absurdity and cruelty.”

Theodore Dalrymple (1949) English doctor and writer

The Social Affairs Unit (2006 - 2008)

Related topics