
Source: Books, The End of Racism (1995), Ch. 3: An American Dilemma
1960s, Family Planning - A Special and Urgent Concern (1966)
Context: During the past half century Negroes have migrated on a massive scale, transplanting millions from rural communities to crammed urban ghettoes. In their migration, as with all migrants, they carried with them the folkways of the countryside into an inhospitable city slum. The size of family that may have been appropriate and tolerable on a manually cultivated farm was carried over to the jammed streets of the ghetto. In all respects Negroes were atomized, neglected and discriminated against. Yet, the worst omission was the absence of institutions to acclimate them to their new environment. Margaret Sanger, who offered an important institutional remedy, was unfortunately ignored by social and political leaders in this period. In consequence, Negro folkways in family size persisted. The problem was compounded when unrestrained exploitation and discrimination accented the bewilderment of the newcomer, and high rates of illegitimacy and fragile family relationships resulted.
Source: Books, The End of Racism (1995), Ch. 3: An American Dilemma
"Body Pleasure and the Origins of Violence" (1975)
Context: When high self-needs are combined with the deprivation of physical affection, the result is self-interest and high rates of narcissism. Likewise, exhibitionistic dancing and pornography may be interpreted as a substitute for normal sexual expression.
“Results are obtained by exploiting opportunities, not by solving problems.”
Source: "The Task of Maintaining Our Liberties: The Role of the Judiciary" (1953), P. 962
Context: For over a century it has been the settled doctrine of the Supreme Court that the principle of stare decisis has only limited application in constitutional cases. It might be thought that if any law is to be stabilized by a court decision it logically should be the most fundamental of all law -- that of the Constitution. But the years brought about a doctrine that such decisions must be tentative and subject to judicial cancellation if experience fails to verify them. The result is that constitutional precedents are accepted only at their current valuation and have a mortality rate almost as high as their authors.
“The ultimate compound return rate is acutely sensitive to fat tails.”
Part Six, Blowing Up, Survival Motive, p. 297
Fortune's Formula (2005)
Source: Baseball And Billions - Updated edition - (1992), Chapter 3, Franchise Finances, p. 68.
Disturbing the Universe (1979), Pt. 1, Ch. 1
Ralph George Hawtrey, quoted in Irving Fisher, The Theory of Interest (1930), Chapter 19. The Relation of Interest to Money and Prices
Source: Social Costs of Business Enterprise, 1963, p. 12. Cited in: M. Rangone & S. Solari (2012) "Southern European capitalism and the social costs of business enterprise". in: Studi e Note di Economia, Anno XVII, n. 1-2012, pp. 3-28