Quotes with circulation

Inspirational quotes with circulation.

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Reading list (1972 edition)[edit]1. Homer – Iliad, Odyssey2. The Old Testament3. Aeschylus – Tragedies4. Sophocles – Tragedies5. Herodotus – Histories6. Euripides – Tragedies7. Thucydides – History of the Peloponnesian War8. Hippocrates – Medical Writings9. Aristophanes – Comedies10. Plato – Dialogues11. Aristotle – Works12. Epicurus – Letter to Herodotus; Letter to Menoecus13. Euclid – Elements14. Archimedes – Works15. Apollonius of Perga – Conic Sections16. Cicero – Works17. Lucretius – On the Nature of Things18. Virgil – Works19. Horace – Works20. Livy – History of Rome21. Ovid – Works22. Plutarch – Parallel Lives; Moralia23. Tacitus – Histories; Annals; Agricola Germania24. Nicomachus of Gerasa – Introduction to Arithmetic25. Epictetus – Discourses; Encheiridion26. Ptolemy – Almagest27. Lucian – Works28. Marcus Aurelius – Meditations29. Galen – On the Natural Faculties30. The New Testament31. Plotinus – The Enneads32. St. Augustine – On the Teacher; Confessions; City of God; On Christian Doctrine33. The Song of Roland34. The Nibelungenlied35. The Saga of Burnt Njál36. St. Thomas Aquinas – Summa Theologica37. Dante Alighieri – The Divine Comedy;The New Life; On Monarchy38. Geoffrey Chaucer – Troilus and Criseyde; The Canterbury Tales39. Leonardo da Vinci – Notebooks40. Niccolò Machiavelli – The Prince; Discourses on the First Ten Books of Livy41. Desiderius Erasmus – The Praise of Folly42. Nicolaus Copernicus – On the Revolutions of the Heavenly Spheres43. Thomas More – Utopia44. Martin Luther – Table Talk; Three Treatises45. François Rabelais – Gargantua and Pantagruel46. John Calvin – Institutes of the Christian Religion47. Michel de Montaigne – Essays48. William Gilbert – On the Loadstone and Magnetic Bodies49. Miguel de Cervantes – Don Quixote50. Edmund Spenser – Prothalamion; The Faerie Queene51. Francis Bacon – Essays; Advancement of Learning; Novum Organum, New Atlantis52. William Shakespeare – Poetry and Plays53. Galileo Galilei – Starry Messenger; Dialogues Concerning Two New Sciences54. Johannes Kepler – Epitome of Copernican Astronomy; Concerning the Harmonies of the World55. William Harvey – On the Motion of the Heart and Blood in Animals; On the Circulation of the Blood; On the Generation of Animals56. Thomas Hobbes – Leviathan57. René Descartes – Rules for the Direction of the Mind; Discourse on the Method; Geometry; Meditations on First Philosophy58. John Milton – Works59. Molière – Comedies60. Blaise Pascal – The Provincial Letters; Pensees; Scientific Treatises61. Christiaan Huygens – Treatise on Light62. Benedict de Spinoza – Ethics63. John Locke – Letter Concerning Toleration; Of Civil Government; Essay Concerning Human Understanding;Thoughts Concerning Education64. Jean Baptiste Racine – Tragedies65. Isaac Newton – Mathematical Principles of Natural Philosophy; Optics66. Gottfried Wilhelm Leibniz – Discourse on Metaphysics; New Essays Concerning Human Understanding;Monadology67. Daniel Defoe – Robinson Crusoe68. Jonathan Swift – A Tale of a Tub; Journal to Stella; Gulliver's Travels; A Modest Proposal69. William Congreve – The Way of the World70. George Berkeley – Principles of Human Knowledge71. Alexander Pope – Essay on Criticism; Rape of the Lock; Essay on Man72. Charles de Secondat, baron de Montesquieu – Persian Letters; Spirit of Laws73. Voltaire – Letters on the English; Candide; Philosophical Dictionary74. Henry Fielding – Joseph Andrews; Tom Jones75. Samuel Johnson – The Vanity of Human Wishes; Dictionary; Rasselas; The Lives of the Poets

We find the same situation in the economy. On the one hand, the battered remnants of production and the real economy; on the other, the circulation of gigantic amounts of virtual capital. But the two are so disconnected that the misfortunes which beset that capital – stock market crashes and other financial debacles – do not bring about the collapse of real economies any more. It is the same in the political sphere: scandals, corruption and the general decline in standards have no decisive effects in a split society, where responsibility (the possibility that the two parties may respond to each other) is no longer part of the game.This paradoxical situation is in a sense beneficial: it protects civil society (what remains of it) from the vicissitudes of the political sphere, just as it protects the economy (what remains of it) from the random fluctuations of the Stock Exchange and international finance. The immunity of the one creates a reciprocal immunity in the other – a mirror indifference. Better: real society is losing interest in the political class, while nonetheless availing itself of the spectacle. At last, then, the media have some use, and the ‘society of the spectacle’ assumes its full meaning in this fierce irony: the masses availing themselves of the spectacle of the dysfunctionings of representation through the random twists in the story of the political class’s corruption. All that remains now to the politicians is the obligation to sacrifice themselves to provide the requisite spectacle for the entertainment of the people.

Yet a much more fundamentally political dimension of the socially constructed nature of capital - nothing less than the specification of a parallel universe with its own natural laws and rules for the physical existence and subsistence of financial capital and its interaction with the other factors of production - has also often been overlooked in contemporary academic literature. Under the current monetary arrangements financial capital is a peculiar creature indeed. Money can be created ex nihilo at the stroke of a pen - or a keyboard - by a specific type of legal person entrusted with the task, not other legal or natural person. With the socially constructed ability to attract compound interest in a world where physical assets rot and break, it does not share the same physical reality with the mere mortal factors of production: even in cases where productive investments which enable the payment of interest in real terms can be identified, the compounding of interest on financial capital is not temporally limited to the period that the relevant physical assets can continue to produce exponential returns in real terms. Rather than representing accumulated wealth that could be "saved" to finance investment, the bulk of money disappears as soon as other factors of production are not willing to pay a tribute to induce its continuing circulation in the form of interest payments. In addition to the inherently political nature of specifications of money have been detached from virtually any substantive connection to the rules or the realities experienced by other factors of production in the physical world that is nonetheless supposed to achieve economic efficiency and a host of other objectives through monetary calculation and monetarily mediated social relationships deserves particular scrutiny.



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