Sometimes, the only way to learn something really well is to revert to the state of mind of a novice and reawaken to the raw observations that you have accumulated instead of relying on the conclusions you have reached from the exogenous premises absorbed through teaching and bookish learning.
Financial markets are supposed to swing like a pendulum: They may fluctuate wildly in response to exogenous shocks, but eventually they are supposed to come to rest at an equilibrium point and that point is supposed to be the same irrespective of the interim fluctuations. Instead, as I told Congress, financial markets behaved more like a wrecking ball, swinging from country to country and knocking over the weaker ones.It is difficult to escape the conclusion that the international financial system itself constituted the main ingredient in the meltdown process.george soros
Technological change can become 'fetishized' as a 'thing in itself', as an exogenous guiding force in the history of capitalism.david harvey
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