Quotes about transaction
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Marshall McLuhan photo

“In Catch-22, the figure of the black market and the ground of war merge into a monster presided over by the syndicate. When war and market merge, all money transactions begin to drip blood.”

Marshall McLuhan (1911–1980) Canadian educator, philosopher, and scholar-- a professor of English literature, a literary critic, and a …

Source: 1970s, Take Today : The Executive as Dropout (1972), p. 211

John Kenneth Galbraith photo
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“An active imagination may find a bad tendency arising out of every transaction between imperfect morals.”

Edward Hall Alderson (1787–1857) Lawyer and jurist

Brownlow v. Egerton (1854), 23 L. J. Rep. Part 5 (N. S.), Ch. 365.

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“Parties do not maintain themselves. They are maintained by effort. The government is not self-existent. It is maintained by the effort of those who believe in it. The people of America believe in American institutions, the American form of government and the American method of transacting business.”

Calvin Coolidge (1872–1933) American politician, 30th president of the United States (in office from 1923 to 1929)

As quoted in Manuscripts: speeches and messages of Calvin Coolidge, 1895–1924, the Massachusetts State Library, George Fingold Library, Boston.
1920s, Speech to the the Republican Commercial Travelers' Club (1920)

Harold Demsetz photo
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John R. Commons photo
François Hollande photo

“The British have been particularly shy about the issues of financial regulation, and attentive only to the interests of the City – hence their reluctance to see the introduction of a tax on financial transactions and tax harmonisation in Europe.”

François Hollande (1954) 24th President of the French Republic

As quoted in "New French leader fires a broadside at Britain: You only care about the City of London, says President Hollande" http://www.dailymail.co.uk/news/article-2141040/Francois-Hollande-French-president-says-Britain-cares-City.html (8 May 2012), Daily Mail.

“It cannot be too often repeated that I am not for sale. I was bought in 1921 and the transaction was final and conclusive.”

Flann O'Brien (1911–1966) Irish writer

Page 282
The Best of Myles (1968)

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Alan Greenspan photo

“When trust is lost, a nation's ability to transact business is palpably undermined.”

Alan Greenspan (1926) 13th Chairman of the Federal Reserve in the United States

Source: 2000s, The Age of Turbulence (2008), Chapter Twelve, "The Universals of Economic Growth", p. 256.

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“Alexander Gardner who later became the Colonel of Artillery in the service of Maharaja Ranjit Singh, had travelled extensively in Central Asia from 1819 to 1823 C. E. He saw a lot of slave-catching in Kafiristan, a province of Afghanistan, which was largely inhabited by infields at that time. He found that the area had been reduced to “the lowest state of poverty and wretchedness” as a result of raids by the Muslim king of Kunduz for securing slaves and supplying them to the slave markets in Balkh and Bukhara. He writes:
“All this misery was caused by the oppression of the Kunduz chief, who not content with plundering his wretched subjects, made an annual raid into the country south of Oxus, and by chappaos (night attacks) carried off all the inhabitants on whom his troops could lay their hands. These, after the best had been selected by the chief and his courtiers, were publicly sold in the bazaars of Turkestan. The principal providers of this species of merchandise were the Khan of Khiva, the king of Bokhara (the great hero of the Mohammedan faith), and the robber beg of Kunduz.
“In the regular slave markets, or in transactions between dealers, it is the custom to pay for slaves in money; the usual medium being either Bokharan gold tillahs (in value about 5 or 51/2 Company rupees each), or in gold bars or gold grain. In Yarkand, or on the Chinese frontier, the medium is the silver khurup with the Chinese stamp, the value of which varies from 150 to 200 rupees each. The price of a male slave varies according to circumstances from 5 to 500 rupees. The price of the females also necessarily varies much, 2 tillahs to 10,000 rupees. Even the double the latter sum has been known to have been given.
“However, a vast deal of business is also done by barter, of which we had proof at the holy shrine of Pir-i-Nimcha, where we exchanged two slaves for a few lambs’ skins! Sanctity and slave dealing may be considered somewhat akin in the Turkestan region, and the more holy the person the more extensive are generally his transactions in flesh and blood.””

Alexander Gardner subsequently found a Muslim fruit merchant at Multan “who was proved by his own ledger to have exchanged a female slave girl for three ponies and seven long-haired, red-eyed cats, all of which he disposed of, no doubt to advantage, to the English gentlemen at this station.”
Memoirs of Alexander Gardner, edited by Major Hugh Pearce, first published in 1898, reprint published from Patiala in 1970, quoted from Lal, K. S. (1994). Muslim slave system in medieval India. New Delhi: Aditya Prakashan. Chapter 1

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“Every transaction in commerce is an independent transaction.”

David Ricardo (1772–1823) British political economist, broker and politician

Source: The Principles of Political Economy and Taxation (1821) (Third Edition), Chapter VII, On Foreign Trade, p. 85

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“It's not their fault if, in the heat
Of their transactions, I repeat
It's not their fault if vampires meet
And gurgle in their spats.”

Mervyn Peake (1911–1968) English writer, artist, poet and illustrator

Poem The men in bowler hats are sweet

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“In the network economy, ever-less energy is needed to complete a single transaction, but ever-more effort is needed to agree on what pattern the transaction should follow.”

Kevin Kelly (1952) American author and editor

Source: Out of Control: The New Biology of Machines, Social Systems and the Economic World (1995), New Rules for the New Economy: 10 Radical Strategies for a Connected World (1999)

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“Battles, in these ages, are transacted by mechanism; with the slightest possible development of human individuality or spontaneity: men now even die, and kill one another, in an artificial manner.”

Thomas Carlyle (1795–1881) Scottish philosopher, satirical writer, essayist, historian and teacher

Pt. I, Bk. VII, ch. 4.
1830s, The French Revolution. A History (1837)

“When old men decided to barter young men for pride and profit, the transaction was called war.”

Len Deighton (1929) English writer

Eleven Declarations of War (London: Harcourt Brace, 1975) p. 11

James Whitbread Lee Glaisher photo

“Quite distinct from the theoretical question of the manner in which mathematics will rescue itself from the perils to which it is exposed by its own prolific nature is the practical problem of finding means of rendering available for the student the results which have been already accumulated, and making it possible for the learner to obtain some idea of the present state of the various departments of mathematics…. The great mass of mathematical literature will be always contained in Journals and Transactions, but there is no reason why it should not be rendered far more useful and accessible than at present by means of treatises or higher text-books. The whole science suffers from want of avenues of approach, and many beautiful branches of mathematics are regarded as difficult and technical merely because they are not easily accessible…. I feel very strongly that any introduction to a new subject written by a competent person confers a real benefit on the whole science. The number of excellent text-books of an elementary kind that are published in this country makes it all the more to be regretted that we have so few that are intended for the advanced student. As an example of the higher kind of text-book, the want of which is so badly felt in many subjects, I may mention the second part of Prof. Chrystal’s “Algebra” published last year, which in a small compass gives a great mass of valuable and fundamental knowledge that has hitherto been beyond the reach of an ordinary student, though in reality lying so close at hand. I may add that in any treatise or higher text-book it is always desirable that references to the original memoirs should be given, and, if possible, short historic notices also. I am sure that no subject loses more than mathematics by any attempt to dissociate it from its history.”

James Whitbread Lee Glaisher (1848–1928) English mathematician and astronomer

Source: "Presidential Address British Association for the Advancement of Science," 1890, p. 466 : On the need of text-books on higher mathematics

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Pythagoras photo

“Let not sleep fall upon thy eyes till thou has thrice reviewed the transactions of the past day.”

Pythagoras (-585–-495 BC) ancient Greek mathematician and philosopher

As translated in The Rambler No. 8 http://etext.lib.virginia.edu/etcbin/toccer-new2?id=Joh1Ram.sgm&images=images/modeng&data=/texts/english/modeng/parsed&tag=public&part=8&division=div1 (14 April 1750) by Samuel Johnson
Let not sleep e'er close thy eyes
Without thou ask thyself: What have I omitted and what done?
Abstain thou if 'tis evil; persevere if good.
As translated by Fabre d'Olivet
Do not let sleep close your tired eyes until you have three times gone over the events of the day. 'What did I do wrong? What did I accomplish? What did I fail to do that I should have done?' Starting from the beginning, go through to the end. Then, reproach yourself for the things you did wrong, and take pleasure in the good things you did.
As quoted in Divine Harmony: The Life and Teachings of Pythagoras by John Strohmeier and Peter Westbrook. (1999)
The Golden Verses
Context: Let not sleep fall upon thy eyes till thou has thrice reviewed the transactions of the past day. Where have I turned aside from rectitude? What have I been doing? What have I left undone, which I ought to have done? Begin thus from the first act, and proceed; and, in conclusion, at the ill which thou hast done, be troubled, and rejoice for the good.

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“The Publisher of Transactions in that of October 1675 indeavours to cover former injuries done me by accumulating new ones”

Robert Hooke (1635–1703) English natural philosopher, architect and polymath

Postscript, Lampas: Or, Descriptions of Some Mechanical Improvements of Lamps & Waterpoises Together with some other Physical and Mechanical Discoveries https://books.google.com/books?id=KgtPAAAAcAAJ (1677)
Context: The Publisher of Transactions in that of October 1675 indeavours to cover former injuries done me by accumulating new ones, and this with so much passion as with integrity to lay by discretion; otherwise he would not have affirmed, that it was as certain that none of my Watches succeeded, as it was that I had made them several years ago: For how could he be sure of a Negative? Whom I have not acquainted with my Inventions, since l looked on him as one that made a trade of Intelligence.
Next whereas he says l made them without publishing them to the world in Print, he prevaricates, and would have it believed that they were not published to the world, though they were publickly read of in Sir John Cutlers Lectures before great numbers at several times, and though they were made and shewn to thousands both English and Foreiners, and writ of to several persons absent, and though they were in the year 1665 in the History of the Royal Society published to the world in Print, because, forsooth, they were not printed in his Transactions.
Thirdly, whereas the Publisher of Transactions makes along story of my seeing his Journal De Scavans, and my desiring to transcribe that part of it which concerned this matter, as if l had requested some singular favour thereby, l answer,
First, that he knew I designed presently to have printed it with Animadversions, but he endeavoured to prevent me, designing first clancularly to get a Patent of it for himself, and thereby to defraud me.
Next, I say, I had a right without his favour to have seen, perused, and copied it, as I was one of the Royal Society, the intelligence he there brings in being the Societies....
To his upbraiding me with his having published some things of Mine; I answer, he hath so, but not so much with mine as with his own desire, and if he send me what I think worth publishing, l will do as much for him, and repay him in his own coyn.
Lastly, Whereas he makes use of We and Us ambiguously, it is desired he would explain whether he means the Royal Society, or the Pluralities of himself. If the former, it is not so, as l can prove by many Witnesses; if the later, I neither know what he is acquainted with, or what has been imparted or explained to him.
So not designing to trouble my self any further with him, unless he gives me occasion, I dismiss him with his
— Speque metuque
Procul hinc procul ito.

Timothy Leary photo

“The point is that whatever price a transaction is transacted at represents a meeting of the mind of both buyer and seller. Both viewed themselves as being better off than the next alternative -- not making the transaction.”

Walter E. Williams (1936) American economist, commentator, and academic

1970s, Economics for the Citizen (1978)
Context: there's the claim that this or that price is unreasonable. I used to have conversations about this claim with Mrs. Williams early on in our 44-year marriage. She'd return from shopping complaining that stores were charging unreasonable prices. Having aired her complaints, she'd ask me to go out and unload a car trunk loaded with groceries and other items. Having completed the chore, I'd resume our conversation, saying, "Honey, I thought you said the prices were unreasonable. Are you an unreasonable person? Only an unreasonable person would pay unreasonable prices." The long and short of it is that the conversation never went over well, and we both ceased discussions of reasonable or unreasonable prices. The point is that whatever price a transaction is transacted at represents a meeting of the mind of both buyer and seller. Both viewed themselves as being better off than the next alternative -- not making the transaction. That's not to say that the seller wouldn't have found a higher price more pleasing or the buyer wouldn't have been pleased with a lower price.

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“In internal affairs they were, if possible, still more disposed to let the ship drive before the wind: if we understand by internal government more than the transaction of current business, there was at this period no government in Rome at all.”

Theodor Mommsen (1817–1903) German classical scholar, historian, jurist, journalist, politician, archaeologist and writer

Vol 3, Pg 71-73, Translated by W.P. Dickson
On the Roman government before the Ghracci brothers and the spread of decay within it.
The History of Rome - Volume 3
Context: For a whole generation after the battle of Pydna the Roman state enjoyed a profound calm, scarcely varied by a ripple here and there on the surface. Its dominion extended over three continents; the lustre of the Roman power and the glory of the Roman name were constantly on the increase; all eyes rested on Italy, all talents and all riches flowed thither; it seemed as if a golden age of peaceful prosperity and intellectual enjoyment of life had there begun. The Orientals of this period told each other with astonishment of the might republic of the West,'which subdued kingdoms far and near, so that everyone who heard its name trembled; but which kept good faith with its friends and clients. Such was the glory of the Romans, and yet no one usurped the crown and no one glittered in purple dress; but they obeyed whomsoever from year to year they made their master, and there was among them neither envy nor discord.'So it seemed at a distance; matters wore a different aspect on a closer view. The government of the aristocracy was in full train to destroy its own work. Not that the sons and grandsons of the vanquished at Cannae and Zama had so utterly degenerated from their fathers and grandfathers; the difference was not so much in the men who now sat in the Senate as in the times. Where a limited number of old families of established wealth and hereditary political importance conducts the government, it will display in seasons of danger an incomparable tenacity of purpose and power of heroic self-sacrifice, just as in seasons of tranquility it will be short-sighted, selfish, and negligent; the germs of both results are essentially involved in its hereditary and collegiate character. The morbid matter had been long in existence, but it needed the sun of prosperity to develop it. There was a profound meaning in the question of Cato, "What was to become of Rome, when she should no longer have any state to fear?" that point had now been reached. Every neighbor whom she might have feared was politically annihilated; and of the men, who had been reared under the older order of things in the severe school of the Hannibalic War, and whose words still sounded as echoes of that mighty epoch so long as they survived, death called on after another away, till at length the voice of the last of them, the Veteran Cato, ceased to be heard in the Senate-house and in the Forum. A younger generation came to the helm, and their policy was a sorry answer to that of the question of the veteran patriot. We have already spoken the shape which the government of the subjects and external policy of rome assumed in their hands. In internal affairs they were, if possible, still more disposed to let the ship drive before the wind: if we understand by internal government more than the transaction of current business, there was at this period no government in Rome at all. The single leading thought of the governing corporation was the maintenance and, if possible, the increase of their usurped privileges. It was not the state that had a title to get the right and the best man for its supreme magistracy; but every member of the coterie had an inborn title to the highest office of the state - a title not to be prejudiced by the unfair rivalry of his peers or by the encroachments of the excluded. Accordingly the clique proposed to itself as its most important political aim, the restriction of reelection to the consulship and the exclusion of "new men;" and in fact succeeded in obtaining the legal prohibition of the former about (165) and contented itself with a government of aristocratic nobodies. Even the inaction of the government in its outward relations was doubtless connected with this policy of the nobility, exclusive towards commoners, and distrustful towards the individual members of their own order. By no surer means could they keep commoners, whose deeds were their patent of nobility, aloof from the pure circles of the aristocracy than by giving no opportunity to any one to perform deeds at all...

John Perry Barlow photo

“Cyberspace consists of transactions, relationships, and thought itself, arrayed like a standing wave in the web of our communications. Ours is a world that is both everywhere and nowhere, but it is not where bodies live.”

A Declaration of the Independence of Cyberspace (1996)
Context: You claim there are problems among us that you need to solve. You use this claim as an excuse to invade our precincts. Many of these problems don't exist. Where there are real conflicts, where there are wrongs, we will identify them and address them by our means. We are forming our own Social Contract. This governance will arise according to the conditions of our world, not yours. Our world is different.
Cyberspace consists of transactions, relationships, and thought itself, arrayed like a standing wave in the web of our communications. Ours is a world that is both everywhere and nowhere, but it is not where bodies live.
We are creating a world that all may enter without privilege or prejudice accorded by race, economic power, military force, or station of birth.
We are creating a world where anyone, anywhere may express his or her beliefs, no matter how singular, without fear of being coerced into silence or conformity.
Your legal concepts of property, expression, identity, movement, and context do not apply to us. They are all based on matter, and there is no matter here.

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“He did not believe that any such transaction could be quoted from the annals of our political or Parliamentary history. It stood alone—he did not wish to use strong language, but he was going to say—it stood alone in its infamy.”

Arthur James Balfour (1848–1930) British Conservative politician and statesman

Speech https://api.parliament.uk/historic-hansard/commons/1882/may/16/ireland-irish-policy-of-the-government#column_836 in the House of Commons (16 May 1882) denouncing the Kilmainham Treaty
Backbench MP

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“Linguistic accommodation as well. Are they speaking my language or am I speaking theirs? I can never know: the transaction cannot watch itself being transacted.”

Robert Sheckley (1928–2005) American writer

Slaves of Time (p. 16)
Short fiction, The Robot Who Looked Like Me (1978)

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“Every time the penalties for selling drugs are raised, adult drug traffickers have an extra incentive to recruit children for their drug transactions.”

James P. Gray (1945) American judge

Source: Why Our Drug Laws Have Failed and What We Can Do About It: A Judicial Indictment of the War on Drugs, 2011, p. 53

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