There is no plausible theory under which the record of the Pentagon Papers can be interpreted as relating to the national defense.
Noam ChomskyRead
Markets have built in inefficiencies, serious inefficiencies which are well known.
Interpretation
Markets are not always perfectly efficient and have identifiable flaws.
This quote by Noam Chomsky highlights the concept that financial markets are not flawless systems. Instead, they are characterized by inherent inefficiencies that can be recognized and studied, indicating that the assumption of market efficiency is often an oversimplification of reality.
In practice
During a finance lecture, you could mention this quote to discuss market imperfections.
There is no plausible theory under which the record of the Pentagon Papers can be interpreted as relating to the national defense.
The 'free-floating intellectual' may occupy himself with problems because of their inherent interest and importance, perhaps to little effect.
If you're teaching today what you were teaching five years ago, either the field is dead or you are.
There are very few people who are going to look into the mirror and say, 'That person I see is a savage monster;' instead, they make up some construction that justifies what they do.
The Republican Party has become overwhelmingly so extreme that it's hardly a traditional political party anymore.
There is still much debate about whether torture has been effective in eliciting information - the assumption being, apparently, that if it is effective, then it may be justified.
I don't care much for equations myself. This is partly because it is difficult for me to write them down, but mainly because I don't have an intuitive feeling for equations.
If our species is to survive, our future will probably require outposts beyond our own planet.
To set foot on the soil of the asteroids, to lift by hand a rock from the Moon, to observe Mars from a distance of several tens of kilometers, to land on its satellite or even on its surface, what can be more fantastic? From the moment of using rocket devices a new great era will begin in astronomy: the epoch of the more intensive study of the firmament.
The universe will finally become a ball of radiation, becoming more and more rarified and passing into longer and longer wave-lengths. The longest waves of radiation are Hertzian waves of the kind used in broadcasting. About every 1500 million years this ball of radio waves will double in diameter; and it will go on expanding in geometrical progression for ever. Perhaps then I may describe the end of the physical world as-one stupendous broadcast.
One sometimes finds what one is not looking for. When I woke up just after dawn on Sept. 28, 1928, I certainly didn’t plan to revolutionize all medicine by discovering the world’s first antibiotic, or bacteria killer. But I guess that was exactly what I did.
We consider it vital that the community of nations be drawn together in an orderly, disciplined, rational way to review the history of our global environment, to assess the potential for future climate change, and to develop effective programs.
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