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.
The biogeographic evidence for evolution is now so powerful that I have never seen a creationist book, article, or lecture that has tried to refute it. Creationists simply pretend that the evidence doesn't exist.
Those who know that the consensus of many centuries has sanctioned the conception that the earth remains at rest in the middle of the heavens as its center, would, I reflected, regard it as an insane pronouncement if I made the opposite assertion that the earth moves.
A great power imposes the obligation of exercising restraint, and we did not live up to this obligation. I think this affected many of the scientists in a subtle sense, and it diminished their desire to continue to work on the bomb.
If ever there was a slamming of the door in the face of constructive investigation, it is the word miracle. To a medieval peasant, a radio would have seemed like a miracle.
We do not know what the rules of the game are; all we are allowed to do is to watch the playing. Of course, if we watch long enough, we may eventually catch on to a few of the rules. The rules of the game are what we mean by fundamental physics.
Very many maintain that all we know is still infinitely less than all that still remains unknown.
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