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22132
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Species and genera are individual concepts which naturally signify many individuals [William of Ockham]
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Full Idea:
In his mature nominalism, species and genera are identified with certain mental qualities called concepts or intentions of the mind. Ontologically they are individuals too, like everthing else, ...but they naturally signify many different individuals.
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From:
William of Ockham (works [1335]), quoted by Claude Panaccio - William of Ockham p.1056
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A reaction:
'Naturally' is the key word, because the concepts are not fictions, but natural responses to encountering individuals in the world. I am an Ockhamist.
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24071
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Markets are transparent, with known prices and activity, and minimal profits [Davies,W]
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Full Idea:
Markets are characterised by transparency. Prices are public, and all relevant activity is visible to everyone. And because of competition, profits are minimal, little more than a 'wage' for the seller.
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From:
William Davies (Review of 'The Price is Wrong' by B.Christophers [2024], 24-04-04)
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A reaction:
This account, from Braudel, is to distinguish markets from capitalism.
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24073
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Capitalists use their exceptional power to impose their own rules, and make the state their ally [Davies,W]
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Full Idea:
Capitalists exploit their unrivalled control over time and space in order to impose their rules on everyone else. …It triumphed late, only becoming dominant in the 19th century, when it had conscripted the state as its ally.
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From:
William Davies (Review of 'The Price is Wrong' by B.Christophers [2024], 24-04-04)
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A reaction:
This so very much makes sense of the modern world. Nowadays capitalists are so wealthy that the state has largely become their pawn, rather than their ally. Populist leaders are their puppets (and are well rewarded).
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24070
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Economies have material, economic and capitalist layers [Davies,W]
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Full Idea:
Braudel's economic history has three layers. At the bottom is material life of consumption, production, reproduction. Next is economic life of markets, of equals in exchange and competition. Top is capitalism, of opacity, monopoly, power, high profits.
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From:
William Davies (Review of 'The Price is Wrong' by B.Christophers [2024], 24-04-04)
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A reaction:
The point Davies emphasises here is the sharp distinction between the market economy and capitalism.
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24074
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Capitalism must mainly rely either on the labour market, or on the financial markets [Davies,W]
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Full Idea:
According to Marxists, the one market capitalism cannot do without is the labour market, which creates saleable things. Others, influenced by Keynes, emphasise financial markets, where pieces of paper change hands on expectation of their value.
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From:
William Davies (Review of 'The Price is Wrong' by B.Christophers [2024], 24-04-04)
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A reaction:
Modern Britain fits the Keynesian account much better, given its low production, and very active (until recently) London financial market.
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24072
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Capitalism is the anti-market, with opacity, monopolies, powers, exceptional profits and wealth [Davies,W]
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Full Idea:
Braudel sees capitalism as the 'anti-market': a world of opacity, monopoly, concentration of power and wealth, and the exceptional profits that can be achieved only by escaping the norms of 'economic life'.
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From:
William Davies (Review of 'The Price is Wrong' by B.Christophers [2024], 24-04-04)
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A reaction:
Given all the talk about the wonders of the 'free market' from right-wingers, this passage came as a revelation to me. Capitalists all dream of a monopoly, which is precisely the destruction of a market.
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16697
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Time is independent of motion, because God could stop everything for a short or long time [Crathorn, by Pasnau]
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Full Idea:
Suppose God annihilates everything, and then creates something new. The vacant interval could last a shorter or longer time, so there are facts about time independent of facts about motion.
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From:
report of William Crathorn (Sentences [1335], I.16, concl.2) by Robert Pasnau - Metaphysical Themes 1274-1671 18.2
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A reaction:
Not very persuasive if God is in some way 'timeless'. Crathorn would have loved Shoemaker's argument, where motionless time is the best explanation, rather than a possible explanation.
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19381
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The past has ceased to exist, and the future does not yet exist, so time does not exist [William of Ockham]
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Full Idea:
Time is composed of non-entities, because it is composed of the past which does not exist now, although it did exist, and of the future, which does not yet exist; therefore time does not exist.
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From:
William of Ockham (works [1335], 6:496), quoted by Richard T.W. Arthur - Leibniz 7 'Nominalist'
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A reaction:
I've a lot of sympathy with this! I favour Presentism, so the past is gone and the future is yet to arrive. But we have no coherent concept of a present moment of any duration to contain reality. We are just completely bogglificated by it all.
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