The ideas of economists and political philosophers, both when they are right and when they are wrong, are more powerful than is commonly understood. Indeed the world is ruled by little else. Practical men, who believe themselves to be quite exempt from any intellectual influence, are usually the slaves of some defunct economist. Madmen in authority, who hear voices in the air, are distilling their frenzy from some academic scribbler of a few years back.
About this quote
- What does it mean?
- Economic and philosophical ideas shape the world more than most realize; even practical people are influenced by past thinkers.
- In plain terms
- Ideas rule the world; even those who think they are independent follow old theories.
- What can you take from it?
- Intellectual ideas drive history more than we admit.
Where it applies
Putting it to work
Questions to consider
- Who really rules the world?
- How do ideas shape practical decisions?
Another view
Material conditions often limit the reach of ideas.
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