Knowledge V Flashcards

1
Q

“Man should not consider his material possessions as his own, but as common to all, so as to share them without hesitation when others are in need”

A

Thomas Aquinas

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2
Q

“The strategic adversary is fascism… the fascism in us all, in our heads and in our everyday behavior, the fascism that causes us to love power, to desire the very thing that dominates and exploits us.”

A

Foucault

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3
Q

Neil Degrasse Tyson on quantum physics

A

The most bizarre of all branches of physics, quantum physics (sometimes
called quantum mechanics) is a collection of rules of conduct for all matter
and energy in the universe, with properties that manifest primarily on the smallest of scales (molecules,
atoms, and subatomic particles). Quantum research includes work by Albert Einstein, Werner Heisenberg, Niels Bohr, Erwin Schrödinger, and
several European scientists working in the 1920s and ’30s: It addresses
measurement, uncertainty, causality, the life of a cat (don’t ask), and, perhaps, multiple universes. Even
though people like Caltech legend Richard Feynman have written and spoken accessibly on the subject,
nonscientists are likely to find quantum theory tough sledding (even if completely intriguing). Michael
Frayn’s acclaimed play Copenhagen, set around a 1941 wartime meeting
between Bohr and Heisenberg in the
Danish city, helps humanize the issues a little

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4
Q

“Whoever fights monsters should see to it that in the process he does not become a monster. And if you gaze long enough into an abyss, the abyss will gaze back into you.”

A

Nietzsche

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5
Q

Advertising -Share the Chief Marketing Officer’s Foxhole

A

What’s good for your CMO is good for you. You need to understand his or her problems so that you can empathize with what has to happen to solve those problems (which is what you were hired for). CMOs want to be surrounded by people they trust who are working to make their lives easier, and he or she can be an ally when new problems arise. Life is just easier when you and the person who hired you are on the same page.

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6
Q

“Only the dead have seen the end of war.”

A

Plato

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7
Q

Neil Degrasse Tyson - express yourself

A
Neil performed
with three different
dance troupes in
college and graduate
school, which helped
him develop a sense
of physicality and
body awareness
that he continues
to use on stage as a
communicator.
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8
Q

“It is the mark of an educated mind to be able to entertain a thought without accepting it.”

A

Aristotle

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9
Q

Advertising -

A
  1. MAKE SURE IT’S NOT ACTUALLY CRAZY

If you feel like the idea is crazy and you’re the one who came up with it, chances are
the client will definitely feel like it’s crazy, too. One way to counteract this would be to prove the idea won’t be a flop. Sometimes the proof comes from research and data, but it can also come from a persuasive pitch. When Jeff and Rich talked about their pitching process for “got milk?,” they told the story of how they filmed the real reactions of people searching for milk. They turned what was an unconventional or “crazy” idea into an undiscovered nugget of truth. Suddenly the crazy idea was just an idea that no
one had thought of yet.

  1. BRING IT TO LIFE
    Part of taking the “crazy” out of your crazy idea is taking the mystery out of the execution. Jeff and Rich talk about creating videos that aren’t designed to replicate what the commercial might be but are rather meant to illuminate the mood and tone of the concept. The goal is to convey as much of what you believe in about the idea as possible using whatever tools are available to do so. The idea you sell is rarely the idea that gets made, so you can present most anything, as long as it communicates what you love about the idea. Rich points out that music can be a massive part of selling an idea, as can clips from famous films, memes, and relatable imagery. Don’t tell the
    brand how to feel. Create something that shows them how to feel.
  2. READ THE ROOM BEFORE, DURING, AND AFTER THE PITCH
    Sometimes pitches are won or lost based on nothing other than likability—aka whether the client likes you. It’s your job to be as likable as possible so that your idea has the best chance of survival. This doesn’t mean that you have to sacrifice your own authenticity in favor of contrived conversation and presentation, but it does mean that you need to be sensitive to the client’s habits and behaviors. How you dress for a meeting in Chicago might look very different from how you dress for a meeting in Los Angeles, and the more you understand the subtle culture of the company you’re pitching and
    the city it calls home, the better chance you’ll have at forming a sincere relationship with the company and, ultimately, win the job.
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10
Q

“Lend yourself to others, but give yourself to yourself.”

A

Montaigne

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11
Q

“The world is a book and those who do not travel read only one page.”

A

Seneca

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12
Q

“If you would be a real seeker after truth, it is necessary that at least once in your life you doubt, as far as possible, all things.”

A

Descartes

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13
Q

Freedom and Capitalism

A

NAFTA was a disaster for mexico. 2 million farmers left their farms and went to city as crops got much cheaper. It helped to create conditions that produced drug cartels.

Freedom in war only applies to corporations freedom to exploit native lands and people. Democracy is only permissible if it doesn’t interfere with big business interest. Business is a cancer that grows uncontrollable and destroys.

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14
Q

“I do not know how to teach philosophy without becoming a disturber of the peace.”

A

Rousseau

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15
Q

“The measure of a man is what he does with power.”

A

Plato

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16
Q

Advertising - NIKE, “NIKE SB”
Nike has famously been with Wieden & Kennedy for most of the
brand’s lifetime, but there was a time when Jeff and Rich did some
work for the company’s skateboarding brand. Nike had to tread
lightly in the skateboarding world so that skaters didn’t feel like a
brand was overriding the rebellious nature of the sport. Nike had
to prove that it not only made high quality skate shoes but that it
deeply understood the world of skateboarding.

A

THE INSIGHT
Skating might be an Olympic sport now, but it wasn’t always so highly respected across athletic communities. But the fact of the matter is that skaters spend as much time practicing and
perfecting the nuances of their sport as other athletes do. So why, then, do we treat skaters different from any other athlete?

THE IDEA
What if every athlete were treated the way skateboarders are treated?

THE EXECUTION
A series of surreal commercials starred athletes, including runners, golfers, and tennis players, who were treated like delinquents for practicing their sport (as skaters often are). In one of the most
pointed 30-second commercials, tennis players on a tennis court are approached by a cop as the camera pans to a number of “No Tennis” signs posted at the
very place tennis is meant to be played. In another, a cop gives a ticket to two runners out for a jog.

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17
Q

“Luck is what happens when preparation meets opportunity.”

A

Seneca

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18
Q

“I opened myself to the gentle indifference of the world.”

A

Camus

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19
Q

“To write well, express yourself like the common people, but think like a wise man.”

A

Aristotle

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20
Q

“The philosophers have only interpreted the world, in various ways. The point, however, is to change it.

A

Marx

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21
Q

Martin Scorsese

A

Martin believes a director should know what it is like to hit your mark, interact with another actor, and get a sense of how one
walks across a room when being filmed. He has appeared in many of his own films, including Taxi Driver and The King of Comedy (1982), and he has acted in other people’s films, including Quiz Show (1994) by Robert Redford and The Muse (1999) by Albert Brooks, and he has played himself on the Larry David series Curb
Your Enthusiasm. Becoming familiar with the self-consciousness that comes from being in front of the camera will serve you well in your directorial pursuits.

Whenever possible, a director should
try acting in another director’s film, even if that means playing themselves. Learning to be directed by other people will offer you new techniques and a better understanding of how actors think
and respond.

One important role you will take on as director is orienting your actors, because you will likely be shooting out of sequence. Actors will look to you to tell them where they are in the story and where they are emotionally. One method Martin has adopted is to tell the actors to try anything, giving them the space to fail. Allow the actors to explore their instincts, especially in the rehearsal period, and then shape their performances from there.

Ultimately, you work with the performances you get. You may
want one thing and wind up with another. Sometimes you feel something is dreadfully wrong, but later—when you see it in the context of a cut—you realize it might work. There are things
Martin immediately knows won’t work but he shoots them anyway. His advice is to just shoot them because it’s part of the
process for the actors.

Martin has learned from experience that telling an actor he or she can’t do something often throws them
off. Remember, by the time you finish debating whether you’ll shoot something or not, you could’ve already shot it. Decide later on whether to use it or not.

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22
Q

“If money is the bond binding me to human life, binding society to me, connecting me with nature and man, is not money the bond of all bonds? Can it not dissolve and bind all ties? Is it not, therefore, also the universal agent of separation?”

A

Marx

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23
Q

The Real

A

The real cannot really be captured in language. That’s Leads people people to experience through religion

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24
Q

Brevity is the soul of wit.

A

Brevity is the soul of wit.

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25
Q

The heart/mind is pure spirit compacted into thoughts and feelings.

A

Tantra

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26
Q

Earthseed is adulthood, leaving our mother , testing our wings. Becoming men and women. Its both sweet and sad. It terrorizes, it empowers. We are men and women now. We our earthseed and the destiny is to take root among the stars.

A

Parable of the talents - if you buy you talents…. (parable of the talents)

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27
Q

Advertising - Plan Everything Down to the Second

A

Jeff diagrams his 30-second and 60-second commercials, a habit he picked up from his mentor, Hal Riney. As Jeff says, Riney had impeccable timing when it came to writing commercials. Part of this had to do with his methodology of creating a diagram that shows exactly where dialogue and action will be, how long each individual moment will last, and, ultimately, how the story arc will deliver on the brand message in the perfect time.

Preparation is crucial, and keeping things compelling in their most minimal form will really help the director, producer, editor, and creatives understand how the end product should ultimately feel.

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28
Q

“Poverty is the parent of revolution and crime.”

A

Aristotle

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29
Q

“But modern bourgeois private property is the final and most complete expression of the system of producing and appropriating products, that is based on class antagonisms, on the exploitation of the many by the few.”

A

Marx

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30
Q

“Love is a serious mental disease.”

A

Plato

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31
Q

“I rebel; therefore I exist.”

A

Camus

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32
Q

“To know what life is worth you have to risk it once in a while.”

A

Satre

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33
Q

“To fall in love with God is the greatest romance; to seek him the greatest adventure; to find him, the greatest human achievement.”

A

St. Augustine

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34
Q

“Religion is the sigh of the oppressed creature, the heart of a heartless world and the soul of soulless conditions. It is the opium of the people.”

A

Marx

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35
Q

Martin Scorsese - annotation pass

A

Try doing a second annotation pass, but this time writing your comments, ideas, and notes down as if they were being
delivered to the screenwriter and producer. This will be good
practice for communicating your vision when you begin to enlist others in the process of making your short.

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36
Q

“You have power over your mind - not outside events. Realize this, and you will find strength.”

A

Marcus Aurelius

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37
Q

Advertising - Refining Brand Perception by Creating a New Narrative

A

In the same way that people experience personality shifts over the course of their lives, company brands also go through phases of personality. As the world changes and people decide what they do or do not want from that brand, it’s important for the company to adjust its messaging. On a philosophical level, that’s the whole point of advertising: knowing how and when to change the public perception of a brand by reestablishing the brand’s value systems.

One way to do this is through heritage, which can be valuable or disadvantageous for a company. Jeff and Rich talk about how the “got milk?” campaign was partly aboutditching milk’s most popular selling point—its health benefits—because it was no longer an effective part of the brand message. As new health crazes started entering the culture, the simple message that “it’s healthy” felt dated, which is why the “got milk?” campaign pursued new avenues rather than relying on old ideas.

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38
Q

“Fiction is the lie through which we tell the truth.”

A

Camus

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39
Q
“If you don’t get physically
ill seeing your first
assembly or rough cut,
something’s wrong. You
always think, by the way,
you’re not gonna get
physically ill, but you do.”
—Martin Scorsese
A

As you have learned, Martin envisions a great deal of the editing of any film on paper in drawings, and Thelma Schoonmaker, his trusted editor, knows how to translate those
original ideas and concepts into edited sequences. She is also able to decipher the feedback Martin’s films receive from
advance screenings and won’t argue with Martin about what feedback to listen to and what to disregard. Her loyalties lie with Martin and his vision, and Martin values her like-mindedness.
You will always have to kill some of your darlings, as Martin learned when making After Hours.

While there were many funny
scenes, Martin realized that much of the humor was lost because the film was so long. Though cutting some of his favorite
scenes was painful, it improved the movie and made it funnier.

The experience taught Martin about script construction—he began shooting without a satisfactory ending—and that the
length of scenes might feel vastly different on paper than on screen.
Once the first cut is done, Martin screens the film for himself and
a few trusted members of his team

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40
Q

Budgeting for a short

A

• Start thinking about how much money you are comfortable
spending to make your short film. Once you have a number in
mind, answer the questions below:
• How many actors does your short require?
• How much are you able to pay them? (If you’re working
with amateur actors or friends and family, you might
be able to get them to work for free, especially if you
feed them.)
• How many crew members do you anticipate using,
and what are you willing to pay them? (Again if you’re
working with friends or family, you may not need to
pay them, especially if you are willing to help them on
their own projects.)
• What and how many times a day will you feed your
actors and crew? (This will, of course, depend on how
many hours you plan to shoot each day.)
• Does your short film require costumes for actors?
• Does your film require any specific props or production
design elements?
• Do you need any equipment? (Ideally your low-budget
film is shot with a camera you already own or with
your smartphone, but you might require extra
equipment like an external microphone or lighting
gear. To the best of your ability, take into account the
things you’d need to buy for production.)
• Where will you be shooting? Lay out a complete list of
locations at which you hope to shoot. (If you’re
planning on shooting in a public location for your
short, keep in mind that there may be costs related to
location fees and permits. Even if you’re able to film for
free in a given location, it’s unlikely that you’ll be able
to prevent outside people from walking through your
shot or talking over your actors. If you’re set on using a
specific location, look into any associated fees and add
that to your calculations.)
• Finally, total the amount you’ve calculated so far and
compare it to the number you came up with before
going through this list of questions. If the cost is too
high, start paring it down, item by item, until you’ve
reached a number that is affordable or reasonable for
you. This process might seem difficult, overwhelming,
or even impossible, but remember, Martin started with
no outside funding and minimal help.

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41
Q

“What strikes me is the fact that in our society, art has become something which is related only to objects and not to individuals, or to life. That art is something which is specialized or which is done by experts who are artists. But couldn’t everyone’s life become a work of art? Why should the lamp or the house be an art object, but not our life?”

A

Foucault

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42
Q

“The first person who, having enclosed a plot of land, took it into his head to say this is mine and found people simple enough to believe him was the true founder of civil society. What crimes, wars, murders, what miseries and horrors would the human race have been spared, had some one pulled up the stakes or filled in the ditch and cried out to his fellow men: “Do not listen to this impostor. You are lost if you forget that the fruits of the earth belong to all and the earth to no one!”

A

Rousseau

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43
Q

“Excellence” is not a gift, but a skill that takes practice.

A

Plato

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44
Q

Everyone even the very rich needs a purpose (earthseed) find people and connect them. Adopt people into organization to fulfill the destiny. Get powerful friends and friends who are willing to be versatile.

A

earthseed

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45
Q

“The reading of all good books is like conversation with the finest men of past centuries.”

A

Descartes

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46
Q

And that makes me happy. For it says that no matter how hard the world pushes against me, within me, there’s something stronger – something better, pushing right back.”

A

Camus

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47
Q

All knowledge is just a craving for Devine knowledge in tantra. A craving for fullness.

A

Tantra

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48
Q

“Doubt is the origin of wisdom”

A

Descartes

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49
Q

Neil Degrasse Tyson on the power of the written word

A

Language and writing are hugely important to Neil, partly because he uses his
books and essays to work out ideas he’ll use elsewhere. “Ninety percent of the sentences that come out of my mouth [are ones that] I have previously written down,” he says.
Writing allows you to organize and rework ideas, to play with structure in a
way that spoken language doesn’t.

If you’re unfamiliar with the practice of
writing, start by creating a habit you can stick to. Maybe that means keeping
a daily journal in which you jot down your personal observations of the
world; maybe it means starting a blog where you can practice the actual craft
of writing (syntax, grammar, word choice). However you pursue the written
word, keep at it—writing will only serve you well when speaking.

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50
Q

“Once you label me you negate me.”

A

Kierkegaard

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51
Q

“Capitalism: Teach a man to fish, but the fish he catches aren’t his. They belong to the person paying him to fish, and if he’s lucky, he might get paid enough to buy a few fish for himself.”

A

Marx

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52
Q

“Beware the man of a single book.”

A

Thomas Aquinas

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53
Q

“Sometimes even to live is an act of courage.”

A

Seneca

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54
Q

Advertising - Creative Direction: Attention, Deduction, and Empathy

A

Honing your craft as a creative director means taking all of your observations of design, language, and the world around you and using them to understand and take care of people you work with. Because of this, the craft of creative direction is hard to develop (and, honestly, even harder to explain). Just as great writers become great by reading voraciously, great creative directors become great by studying their contemporaries.

The more you learn about the field, the better equipped you’ll be to live it out.
That being said, creative direction isn’t a skill that can be entirely taught. The role is
an amalgam of many skills, including leadership and management: The best creative directors listen to people, interpret their behavior, then help them progress in their creative careers.

Your biggest concern should be empowering the creative you’re
leading to do the work by himself or herself. Good creative directors know what has and has not worked on previous projects, but they also recognize that all projects present unique issues.
Like most facets of advertising, creative direction is about communicating with other people in the way you would like to be communicated with.

As a creative director, youshould talk to a junior- or mid-level copywriter in the way that you would have wanted to be spoken to at that point in your career. Try to remember what you didn’t know and how you eventually learned, then help creatives get to that point on their own by
mentoring them.

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55
Q

“We can easily forgive a child who is afraid of the dark; the real tragedy of life is when men are afraid of the light.”

A

Plato

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56
Q
“I always find that the use of
sound in some of the films
that had very low-budgets
was interesting. Because
 they had no choice but to
use certain sounds or to use
it imaginatively...to suggest
things.”
—Martin Scorsese
A

Sound design has to come from one vision—yours. You can
combine your vision with those working in concert with you to
achieve it, but you must stand by what you want as a director.
Sometimes simple sound design is best. Martin contends that
though choices in sound design have multiplied because of
technological advances, this doesn’t mean you should use every
sound effect possible.

In fact, Martin prefers to go into the mixing
room with the express objective of stripping sounds away instead
of adding them.
Some sound designers, enamored of the many tools at their
disposal, add layers of effects that sound good but get in
the way of the storytelling. In the pre-digital era, Martin was
often warned against making the sound too loud and thus
pushing it into the “red” (i.e. past the threshhold of distortion).
At such times, Martin has had to insist on his own instincts and
impulses: while he has known that the designers and mixers are
technically correct, he has insisted on pushing the sound as far as
it will go before it distorts.
Creating mood and atmosphere should be a main goal of your
sound design.

Martin received criticism from the sound
technicians about the quality of Taxi Driver’s dialogue tracks
because they contained city noise—sirens, horns, people
screaming in the streets. However, this effect was precisely what
Martin wanted: the sounds under and around the dialogue were
part of the character of the film.
Martin and his sound editor on Raging Bull, Frank Warner, got
imaginative with sound design. Warner used a variety of sounds—
elephant trumpets and wild animal sounds, for example—to mix
into the punches in the ring.

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57
Q

“When, in the course of development, class distinctions have disappeared and all production has been concentrated in the hands of a vast association of the whole nation, the public power will lose its political character.

Political power, properly so called, is merely the organized power of one class for oppressing another. If the proletariat during its contest with the bourgeoisie is compelled, by the force of circumstances, to organize itself as a class, if, by means of a revolution, it makes itself the ruling class, and, as such, sweeps away by force the old conditions of production then it will, along with these conditions, have swept away the conditions for the existence of class antagonisms, and of classes generally, and will thereby have abolished its own supremacy as a class.

A

Marx

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58
Q

“Wise men speak because they have something to say; fools because they have to say something.”

A

Plato

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59
Q

“Civilization is a hopeless race to discover remedies for the evils it produces.”

A

Rousseau

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60
Q

“We are like chameleons, we take our hue and the color of our moral character, from those who are around us.”

A

Locke

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61
Q

We need cultural evolution. We need to evolve purposely.

A

We need cultural evolution. We need to evolve purposely.

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62
Q

“Ah, women. They make the highs higher and the lows more frequent.”

A

Nietzsche

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63
Q

“Life is not a problem to be solved, but a reality to be experienced.”

A

Kierkegaard

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64
Q

“Grant me, O Lord my God, a mind to know you, a heart to seek you, wisdom to find you, conduct pleasing to you, faithful perseverance in waiting for you, and a hope of finally embracing you. Amen.”

A

Thomas Aquinas

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65
Q

“The happiness of your life depends upon the quality of your thoughts.”

A

Marcus Aurelius

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66
Q

God is a Designer

A

God is a Designer

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67
Q

Pitching the Whole Package

A

When you’re pitching for new business, you aren’t just pitching ideas. You’re pitching a long-term relationship. Because of this, a big part of the pitching experience is taking a look in the mirror and deciding how you and your agency want to be perceived throughout the course of the pitch.

Every agency has its own personality and its own message for what it is and how it wants to function. You don’t always have the chance to focus on this part of the business, so when these big pitches come up, you suddenly get to consider your own brand perception and whether that will work for the business
you are trying to get.

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68
Q

“So that, in effect, religion, which should most distinguish us from beasts, and ought most peculiarly to elevate us, as rational creatures, above brutes, is that wherein men often appear most irrational, and more senseless than beasts themselves.”

A

Locke

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69
Q

“You will never be happy if you continue to search for what happiness consists of. You will never live if you are looking for the meaning of life.”

A

Camus

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70
Q

Martin Scorsese - a process of discovery

A

Working with a script is a process of discovery. Martin reads the draft and reacts to it in terms of what he sees in his mind, working with the writer to build on or alter anything that sparks an image or idea.

The next draft sparks something else and so on and so on. This discovery process is particularly true of documentary films in which the script, such as it is, is truly just
the beginning, especially if one doesn’t have a visual, structural concept already in place.

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71
Q

Advertising -Start With the Ending

A

In order to make the road map for a compelling commercial, you need to know where
you’re ultimately going to end up. Jeff and Rich suggest starting with the ending so that
you know what the commercial’s payoff will be. Then you can build everything around
delivering on that payoff. You have a finite amount of time, which means that the
development of the narrative is entirely built to serve the conclusion

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72
Q
Martin Scorsese  -  
“You rewrite it, and you
rewrite it again, and you
rewrite it again, and then
you rewrite it sometimes
in the final mix.”
—Martin Scorsese
A

Martin’s scripts continue to evolve in the rehearsal process, as was the case during the making of The Wolf of Wall Street (2013). The goal was to find truth for the characters, so that if something
developed that diverged from the script, the actors would know how to adapt and remain in character. However, at a certain point, Martin had to grab the reins and tell the actors to save it for the
cameras.

Even with strongly scripted projects, there is always room to open up scenes, as illustrated in the famous mirror scene in Taxi Driver.

The production was over schedule, so filming these moments in
front of the mirror was tense. The script instructed Travis, played by Robert De Niro, to practice with guns and devices in front of the mirror, but it didn’t include any dialogue. Martin wanted Travis to say something, but didn’t have specific direction to give De Niro, so what you see on screen is De Niro finding the
character in the moment. These scenes were shot within two hours, pushing against the end of the day.

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73
Q
“If you find that you made
a film that you feel strongly
about...you get as truthful as
possible in it, there might be
an audience out there for it.
Now, you gotta go out and
present it to an audience.”
—Martin Scorsese
A

Martin encourages you to take an active role in your film’s promotion. When Martin made his first films, he did his best to promote them himself, doing interviews and a few television appearances. Once his films were picked up for distribution, their promotional campaigns were designed by others.

Strong images and an open mindset are essential to film promotion. Several posters were designed for Taxi Driver, but the one that most effectively sold the film featured a simple still from
the movie—a shot of Robert De Niro walking up Eighth Avenue.
The poster’s text reads, “On every street in every city of this country there’s a nobody who dreams of being somebody. He’s a lonely forgotten man desperate to prove that he’s alive.” Martin
had no idea that this would be the poster that would really sell
the film.

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74
Q

“Real generosity towards the future lies in giving all to the present.”

A

Camus

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75
Q

Advertising -

A

Even Rich finds it tough to explain how a designer might hone his or her craft. It’s
complicated because, as he says, the best thing you can do is look at the world around you and observe how good things are already designed.

But what exactly is “good design?” Well, first of all, that’s subjective. But if there was one word to sum up Rich’s take on what makes for good design skills, or at least refined design craft, it would be informed. That doesn’t mean your only skill should be making typefaces, concert posters, and billboard ads look nice with the Adobe Suite. While it’s important to know how to do those things in the same way that it’s important for a writer to have a handle on grammar, what Jeff means when he says you need to be “informed” is that you should be able to recognize and understand how visual cues and representation are used to explain something’s identity.

Everything in the world was designed to look the way it looks, whether it was for
tactical reasons, creative reasons, or, in many cases, neither. When Rich says “design is everything,” he isn’t only trying to pitch his craft in a friendly competition against his fellow chairman. Design informs the relationship that the world’s objects have with one another (and yes, people, too). So Rich’s advice to “observe the world around you”means to see it as a constant expression of design.

So how do you become a better designer (other than learning how to use the hot
keys in Photoshop)? A big part of it is understanding how you express your own design sensibilities and creating a personal environment that nurtures that perspective (i.e., the way in which you choose to decorate your desk, studio, or office).

You should also be constantly consuming design inspiration, whether that means following incredible visual artists on Instagram, holing up in a library with a stack of design tomes, or sitting on a street corner and committing the architecture there to memory. Adopt a posture of curiosity, and allow yourself to use that curiosity in ways that make you feel good

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76
Q

Advertising -The Best Solution Isn’t Always Complicated

A

The genesis of the tagline “got milk?”—now one of the most famous taglines of all
time—is pretty unremarkable. Jeff suggested it as a placeholder for the pitch presentation, and it just stuck. The first lesson here is that the best solution isn’t always the most complicated one. The tagline’s success stems from its colloquial nature.

And because it was rife with so much punchy personality, it was clear to Jeff and Rich that it needed an equally punchy aesthetic sensibility. That’s where Rich came in with the typographic
treatment. This campaign is one example of a very successful relationship between
copy and art direction.

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77
Q

“To know what people really think, pay attention to what they do, rather than what they say.”

A

Descartes

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78
Q

He was free, free in every way, free to behave like a fool or a machine, free to accept, free to refuse, free to equivocate; to marry, to give up the game, to drag this death weight about with him for years to come. He could do what he liked, no one had the right to advise him, there would be for him no Good or Evil unless he thought them into being.”

A

Satre

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79
Q

“The last capitalist we hang shall be the one who sold us the rope.”

A

Marx

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80
Q

“We suffer more often in imagination than in reality”

A

Seneca

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81
Q

Martin Scorsese- Casting

A

Practice how you would audition actors. Make a list of qualities that define each major character in your short and
the character traits the actor will need to embody in order to make the film come to life. Do you know there’s going to be
a feisty protagonist or a down-on-his-luck supporting actor?

Once you have this list for each major character, find monologues for actors to use to audition. Either pull from
your rough script or, if you’re not that far along yet, use existing monologues. If your short film is dramatic and
unhappy, try looking for a monologue from a tragedy. If it’s upbeat and light, pull a humorous monologue from a comedy
you enjoy.

Share the monologues you’ve selected, as well as character descriptions, with your classmates in The Hub. Provide insight into why you wrote or chose these specific passages as future audition pieces

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82
Q

Advertising - SEGA, “SEGA!”
At the time Jeff and Rich made this spot, SEGA was a massive
gaming powerhouse looking for a way to highlight the
rebellious, youthful nature of its brand and distinguish itself
from family-friendly Nintendo.

A

THE INSIGHT
What says recklessness, overabundant energy, and youth? Loud sounds, fast movement, and indiscernibility.

THE IDEA
What can SEGA say and do to articulate its entire brand in five seconds or less?

THE EXECUTION
Rich tasked an animation house with making the most expressive three- to five-second commercial possible, which resulted in a funny visual ad and
snippet of audio that features one of the most iconic screams (“SEGA!”) in pop culture history

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83
Q

“Happiness is the meaning and the purpose of life, the whole aim and end of human existence.”

A

Aristotle

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84
Q

“Character is simply habit long continued.”

A

Plato

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85
Q

“It is not enough to win a war; it is more important to organize the peace.”

A

Aristotle

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86
Q

“Man is born free, and everywhere he is in chains.”

A

Rousseau

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87
Q

“Revolt is the right of the people”

A

Locke

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88
Q

Advertising -Part of Your Job Is to Not Do Your Job

A

If you, like Jeff, are a writer, you’re going to do a lot of writing. But if you don’t have a boots-on-the-ground mentality—meaning you don’t get out of your cubicle, experience the world, and take the time to refuel your cultural curiosity—you’re going to run out of things to write about.

So it’s important to take the time to surf the internet, see movies, travel to foreign lands, and get beat up at punk shows. It may sound crazy, and good luck ever explaining it to your parents, but living your life is as much of your job as your craft.

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89
Q

“There is truth in wine and children”

A

Plato

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90
Q

Advertising -You Are a Brand

A

As you explore how to create a clear brand identity for companies, particularly as you’re trying to create a portfolio of work that might land you a career at an advertising agency, it’s important to remember that you yourself are a brand, too. Whether you have tattoos, wear thick black glasses, or rep that Death Cab for Cutie 2003 tour shirt, you’re telling people something about your value system. For other people who spent their high school years listening to Transatlanticism, they see your brand and immediately feel like you’re speaking to them.

You’re relatable on an intimate level that feels inviting and kindred. You present yourself as someone worth investing in to those specific people who share that brand identity. The more you can think about your own brand as a communication device, the easier it will be to consider a company’s brand
in the same way.

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91
Q

“Thoughts are the shadows of our feelings – always darker, emptier and simpler.”

A

Nietzsche

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92
Q

Costume Design

A
Mean Streets (1973), Taxi Driver, and After Hours (1985) required costume design that was less theatrical and more in touch
with the worlds the characters inhabited. In these kinds of productions, you need a costume designer that has a deep
understanding of character. He or she needs to know where a character would shop for clothes and what kind of clothes a
character might inherit.

A costume designer must know which
colors look right on a character, and then reconcile this with the colors suited to the actor playing the part and the color palette
of the production design. Martin says that costume designers of modern film need a thorough comprehension of contemporary
expression in dress.

Martin took his actors along to search for costumes for Mean Streets. Because he grew up on the Lower East Side of Manhattan in a neighborhood near Martin’s, Robert De Niro already had an
understanding of the people and culture of the area. His personal experience informed Johnny Boy’s look.

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93
Q

Neil Degrasse Tyson - move around

A
Rather than stand
behind a podium,
Neil prefers to
communicate on stage
with a handheld mic
so that he can roam
the room and use his
whole body for effect.
The mic can also do
double duty as a prop
if need be.
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94
Q

Freeman and slave, patrician and plebeian, lord and serf, guildmaster and journeyman, in a word, oppressor and oppressed, stood in constant opposition to one another, carried on an uninterrupted, now hidden, now open fight, that each time ended, either in the revolutionary reconstitution of society at large, or in the common ruin of the contending classes.”

A

Marx

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95
Q

Show Who You Are, Not Just What You’ve Made

A

If you’ve been in the industry for a long time, you might be tempted to let your work speak for itself. But the creative field is deeply competitive, not to mention filled with people who would commit more than a few crimes for the chance to work at a place like Goodby Silverstein & Partners. Your work alone might not be enough to get you an interview, particularly if you’re just starting out.

So use your portfolio as a piece of work itself to advertise the brand that is you. When Jeff tells the story of how he got his first job in advertising, he talks about how he created a fake autobiography. Don’t be
afraid to do something similar—as long as it’s a sincere expression of the way you look at the world

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96
Q

“Man is the cruelest animal.”

A

Nietzsche

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97
Q

“Three things are necessary for the salvation of man: to know what he ought to believe; to know what he ought to desire; and to know what he ought to do.”

A

Thomas Aquinas

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98
Q

If cinematography is not your area of expertise, don’t be intimidated

A

If cinematography is not your area of expertise, don’t be intimidated—it’s something you can learn. Martin encourages you to have the passion and bravery to tackle the vision you
see for your film. Martin identifies lighting as one of his weaknesses. He thinks this might have to do with where he grew
up—the tenements on Elizabeth Street—where, other than lightbulbs in a hallway, day and night were his only compass.

Though these forms of light had their own beauty, they didn’t teach Martin much about the logic of light. Moreover, his
impulse to make movies came from New York independent filmmakers like John Cassavetes and Shirley Clarke, who would
very often use only available light, drawing from the aesthetic of the French New Wave.

Martin has learned to work very closely with his directors of photography over the years. The two work together to modify
and rework the shots he has designed. Through this collaborative process, Martin has gained a better understanding of lighting and cinematography. He advocates the importance of asking questions; don’t be afraid to ask your DP about something you don’t know.

Try everything, learn as much as you can on each production, and work with your DP to realize the image and story
you want on the screen.

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99
Q

Neil Degrasse Tyson

A

One of the things you need to know as a science communicator—or any
communicator—is how to generate curiosity in your audience. Sometimes this
means giving your audience less instead of more.
Take the shape of the Earth, for example, which Neil can describe with varying
degrees of nuance and specificity. How he describes it, though, is dictated
by the audience to whom he is speaking. Earth is not just a sphere, as Neil
explains, unless it is. “In a first pass, the shape of the Earth is a sphere,”
he says. “Do you want to know more? Okay. Earth is not actually a perfect
sphere—it’s slightly flattened pole to pole, a little wider at the equator. We have
a word for this in mathematics. It’s called an oblate spheroid.” (He could go on
and on.)
So you need to ask yourself: What is the interest level of my audience and what
topics matter most in my conversation with them? Neil calls this a “pedagogical approximation.” He says: “Where is my pedagogical approximation going
to be? If [the audience doesn’t] know anything about an established subject, you don’t give them the full hammer of details. They’re likely to get lost in
the complexity.”
On the other hand, if your audience contains specialists or people who are well educated on the subject, give them more. But heed Neil’s wisdom: “Being
as effective as you possibly can doesn’t mean telling someone everything you
could possibly know about something.”

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100
Q

“The things that we love tell us what we are.”

A

Thomas Aquinas

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101
Q

“Those who tell the stories rule society.”

A

Plato

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102
Q

“There are three classes of men; lovers of wisdom, lovers of honor, and lovers of gain.”

A

Plato

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103
Q

The best advice Martin can give is to prepare, get everyone aligned with your vision, and then simply jump in and
begin. Each filmmaker has to find his or her own process, which can only be done by actually making films.

Part of Martin’s process involves letting his films take on lives of their own. This is the only way that special, serendipitous things can happen
with the actors, the camera, or the lighting. While you will design much of your film in your head—planning in advance the lenses, cuts, and camera moves you want to use, and working with costume and production designers to make your visions a reality—you still must remain open to unexpected events that
may add new value to the scene.

A

—Martin Scorsese

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104
Q

“One of the penalties of refusing to participate in politics is that you end up being governed by your inferiors.”

A

Plato

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105
Q

“In politics we presume that everyone who knows how to get votes knows how to administer a city or a state. When we are ill… we do not ask for the handsomest physician, or the most eloquent one.”

A

Plato

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106
Q

“You are horrified at our intending to do away with private property. But in your existing society private property is already done away with for nine-tenths of the population; its existence for the few is solely due to its non-existence in the hands of those nine-tenths. You reproach us, therefore, with intending to do away with a form of property, the necessary condition for whose existence is the non-existence of any property for the immense majority of society.

A

Marx

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107
Q

“I count him braver who overcomes his desires than him who conquers his enemies, for the hardest victory is over self.”

A

Aristotle

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108
Q

“I’m no prophet. My job is making windows where there were once walls.”

A

Foucault

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109
Q

Visual literacy -Martin Scorsese

A

Visual literacy is an important skill for filmmakers, but for Martin, it all boils down to simple literacy, regardless of whether
one is dealing with words or images.

Martin cites Socrates as an example of someone who took issue with the importance of verbal literacy. Socrates worried that writing and reading would actually lead to not truly knowing. If people were to stop memorizing and start writing and reading, Socrates thought, they’d be in
danger of cultivating the appearance of wisdom as opposed to developing the real thing. Martin draws a parallel between
Socrates’s argument and contemporary criticism of television or
the internet.

Martin reminds you that as a filmmaker, you should be able to distinguish between images created to sell something,
to merely entertain, to inform, or to tell a story. These skills might appear abstract to you right now, but remember that Martin was once in your position. Lacking the
equipment to make a movie but possessing ideas and a dream, Martin drew scenes from his imaginary films on paper. He attempted to tell his stories frame by frame, explaining to
friends that they had to imagine the movement between frames.

Using the techniques he had seen at the movie theater and on television, Martin selected medium shots, close-ups, wide shots, and indicated cuts and aspect ratios, sketching his aesthetic decisions on paper. This visual orientation served Martin well when he started to make films.

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110
Q

Advertising -Run Toward Fire

“The worst thing you can do is to do the right thing and have no one
notice that you did it.” —JEFF GOODBY

A

When Jeff talks about the vandalistic spirit that shapes his perspective on advertising,
part of what he’s saying is that disruption and chaos are exciting. They encourage
new thinking, experimentation, and, most importantly, emotional reactions. If you’re
not trying to make advertising that elicits an emotional reaction out of your audience, then you’re adding to the stream of interruptions that consumers hate. If you explore the things that most people are too afraid to explore, you’re going to find insights and
ideas that could be both novel and transformative. Don’t be boring. Be dangerous

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111
Q

Neil Degrasse Tyson - utilizing humor

A

Neil watches a lot of stand-up comedy—not just because he likes to laugh, but because he considers comedians to be engaging performers who hold their
audiences in the palms of their hands. From watching stand-up,

Neil has learned a lot about riffing on news headlines and pop culture, not to mention
spotting things the rest of us normally miss. Using rhythm, tone, and powers
of observation, comics are excellent communicators, and Neil thinks you can learn a lot from them, too—particularly when it comes to humor.
“Humor matters,” Neil says. “If you can get people to laugh while they’re learning, you’ve got ’em. You can feed ’em everything. And that’s why humor is a fundamental part of how I communicate.”

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112
Q
“Here’s the thing: you
have to stay open. You
have to stay open to
what’s happening right in
front of you, around you,
at every single moment
as you envision a scene,
as you work on the scene
with the crew and with the
cast.”
—Martin Scorsese
A

—Martin Scorsese

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113
Q

“Human behavior flows from three main sources: desire, emotion, and knowledge. ”

A

Plato

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114
Q

“I doubt, therefore I think, therefore I am”

A

Descartes

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115
Q

“We should cease to talk about vague and unreal objectives such as human rights, the raising of the living standards, and democratization. The day is not far off when we are going to have to deal in straight power concepts. The less we are then hampered by idealistic slogans, the better.”

A

George F. Kennan, Vietnam strategist

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116
Q

“In individuals, insanity is rare; but in groups, parties, nations and epochs, it is the rule.”

A

Nietzsche

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117
Q

“I quote others only in order the better to express myself.”

A

Montaigne

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118
Q

Martin Scorsese - Research is the bedrock of a film

A

Research is the bedrock of a film; it lends richness and informs the rules of the film’s world. However, you mustn’t let research
lead you away from the original idea or concept that sparked the film in the first place. Martin experienced this when researching The Age of Innocence, Gangs of New York, and Silence (2016). The
research led him in many fascinating directions, but at times, these directions threatened to overwhelm the entire picture.

Martin mentions another important caveat regarding research: there’s nothing more boring than 100 percent accuracy in a film.
The question should always be: How does historical accuracy serve the film and the story?

How well did you know this?
1
Not at all
2
3
4
5
Perfectly
119
Q

“When you arise in the morning think of what a privilege it is to be alive, to think, to enjoy, to love …”

A

Marcus Aurelius

How well did you know this?
1
Not at all
2
3
4
5
Perfectly
120
Q

“If a man knows not to which port he sails, no wind is favorable.”

A

Seneca

How well did you know this?
1
Not at all
2
3
4
5
Perfectly
121
Q

“The roots of education are bitter, but the fruit is sweet.”

A

Aristotle

122
Q

Neil Degrasse Tyson on spectrum

A

Ordinary white light breaks into an array of colors when sent through a prism. Each color—red, orange, yellow, green, blue, indigo, and
violet—has a slightly different wavelength than the one next to it. The full electromagnetic spectrum also contains gamma rays, X-rays, ultraviolet light, infrared, microwaves, and radiowaves, all of which are invisible to our eyes.

123
Q

Beneath anger there is fear.

A

Beneath anger there is fear.

124
Q

Advertising -Good Ideas Can Come From Anywhere

A

When working in advertising as a creative, it’s your job to come up with good ideas
that solve business problems. But don’t fall into the trap of thinking that ideas are your responsibility exclusively. Instead, think of your job as maximizing the potential of any idea, whether it was your idea or not. This might mean taking a verbal insight from a client and turning it into something creative.

When Jeff and Rich say that good ideas can come from anywhere, they certainly mean that ideas can come from coworkers, bosses, and clients. But those people can’t—and
shouldn’t—be your only creative resource. As an advertising creative, you need to
always be on what Jeff and Rich call “the listening side” of life, meaning you actively
look for inspiration in any and all scenarios. For instance, Jeff mentions the genesis of
the NBA’s “I Love This Game” campaign; a member of his team overheard a fan say
the line in real time during a basketball game. Sometimes simple statements can be the
genesis of a huge idea

125
Q

“The highest activity a human being can attain is learning for understanding, because to understand is to be free.”

A

Rousseau

126
Q

Zen Christianity

A

were all evolving toward toward the god head.

127
Q

Neil Degrasse Tyson
Understanding your
audience

A

Neil speaks to a wide range of crowds: The
general audience that watches mainstream
television news, the students (and parents, and
faculty) at New York City public high schools
where he delivers commencement speeches, the
rap-savvy viewership that follows the television
show Desus & Mero, political conservatives,
military audiences driven by a sense of mission,
and the left-leaning crowd that enjoys newsdriven, comedy-infused late-night TV.
He never approaches one audience the same way
as another.
You may not be bending the ears of thousands of people the way Neil is, but
every interaction you have—even small-scale ones—is a chance to communicate
science effectively. But to do that, you need to know your audience.
Real communication comes partly from being able to read the room. Are
the people you’re addressing engaged with what you’re saying? Drifting off?

What’s their body language and eye contact like? How are they reacting to the
content? Paying attention to these things will give you a better shot at getting
there. Here are a few of Neil’s audience-specific pointers to keep in mind:

0 Speaking to children can be difficult if you’ve never had children or are
accustomed to addressing adults. Your vocabulary and syntax needs to be
different, and you’d be smart to brush up on recent family-friendly movies
or music that can act as reference points.

0 Senior audiences are typically easier to reach: They respond well to
references from the past, especially to time periods they’ve lived through
(a war, for instance). Adding historical context will help your subject feel
connected to you.

0 For hipper audiences, try leaning heavily on pop culture references.

128
Q

Neil Degrasse Tyson getting ideas across

A

Generally, when you’re trying to get someone to see your side of a matter, it’s better to ask questions than to tell people they’re wrong or call them names. Neil’s general aim is to describe his own point of view in terms
that are as close to objective truth as possible and then bring others on board.

Over time, this helps to build an informed democracy.
Documentaries typically book on-screen experts—otherwise known as “talking
heads”—to share their erudition on a subject. But their ability to communicate
is not always equal to their expertise: Often they don’t understand techniques
that help get complicated ideas across. Emotion and humanity—smiling,
expressing sadness, using hands or eyebrows or body language—help frame the
words you use. They’re as critical as language when it comes to communication.

129
Q

“But in the end one needs more courage to live than to kill himself.”

A

Camus

130
Q

SpaceX but not owned by one person. It will belong to all humanity. (Earthseed)

A

Earthseed

131
Q

“In truth, laws are always useful to those with possessions and harmful to those who have nothing; from which it follows that the social state is advantageous to men only when all possess something and none has too much.”

A

Rousseau

132
Q

“In the midst of winter, I found there was, within me, an invincible summer.

A

Camus

133
Q

Socrates talked about how poverty causes crime 2500 years ago and rich causing problem.

A

Republic Book VIII, 35 min

134
Q

“Knowing yourself is the beginning of all wisdom.”

A

Aristotle

135
Q

“The Bible is very easy to understand. But we Christians are a bunch of scheming swindlers. We pretend to be unable to understand it because we know very well that the minute we understand, we are obliged to act accordingly.”

A

Kierkegaard

136
Q

“In proportion therefore, as the repulsiveness of the work increases, the wage decreases.”

A

Marx

137
Q

“Let the ruling classes tremble at a Communistic revolution. The proletarians have nothing to lose but their chains. They have a world to win.

A

Marx

138
Q
“As the director, you can’t
score points for false
modesty. You have to
assume the responsibility of
being the one who makes
those guiding decisions.”
—Martin Scorsese
A

As a director, your goal for the crew is simple: to establish an effective and rewarding working relationship among them. As much as possible, hire people you trust, and let them in on your
drive and vision for the film. Make it known that everyone’s work
is essential. If you’re working with a very large crew, the situation
changes slightly but the goal remains the same.

The most important relationships are between you and the
director of photography, your assistant director, and coproducers. They are your inner core team—your lifeline. This
key group should understand what you want based on conversations that took place before you started shooting, and
from their knowledge of the script and preproduction designs.
As you work on set, interacting with people, eating together, and
otherwise bonding as a group, you begin to get a sense of who you
can depend on.

While teamwork and a sense of camaraderie are crucial,
Martin says that it is essential that you remember your duties
as director. Humility has its place, but you must also assume the
responsibility that comes with being the decision-maker. Always
remind yourself of your original vision. At times, you will have to
block out everything and everyone around you to get back to the
idea you had in your head when you first embarked on making the
film. However, you must also remember that every single person
on your set plays a role in making your film. You absolutely need
them, and you should trust their expertise. You have to find this
balance

139
Q

heritic

A

No one can talk about any alternatives to capitalism without being condemned as a heritic in the religion of capital.The end goal of Neoliberalism is to homogenize all countries economic systems for the pursuit of gain and to destroy and counter system.

140
Q

“Miracles are not contrary to nature but only contrary to what we know about nature. ”

A

St. Augustine

141
Q

Neil Degrasse Tyson on repetition

A
Political and religious tenets often
get repeated—for emphasis, for
intensity, for effect. This tactic is
actually a form of brainwashing
wherein you begin to think that
something is true simply because
you’ve heard it so many times. Neil
calls it one of many “weaknesses
in the human sensory system.” It’s
also how dictatorships and cults
operate. Listen for repetition,
and be especially skeptical of what
powerful people tell you again and
again and again.
142
Q

“The oppressed are allowed once every few years to decide which particular representatives of the oppressing class are to represent and repress them.”

A

Marx

143
Q
“Not all images are there
to be eaten, consumed
like fast food and forgotten.
That’s important to
remember. We’re not
mass manufacturers.
We’re trying to be
filmmakers.”
A

—Martin Scorsese

144
Q

“Labor in the white skin can never free itself as long as labor in the black skin is branded.”

A

Marx

145
Q

“And those who were seen dancing were thought to be insane by those who could not hear the music.”

A

Nietzsche

146
Q

“In truth, laws are always useful to those with possessions and harmful to those who have nothing; from which it follows that the social state is advantageous to men only when all possess something and none has too much.”

A

Rousseau

147
Q

Advertising -Landing on a Gazillion-Dollar Idea

A

Like Jeff says, the “got milk?” campaign, crafted for the California Milk Processor
Board in 1993, is a perfect example of an idea that stems from research. There was an interesting conundrum with milk in the early ’90s: Sales were on the decline despite a general consensus that milk was good for you. This was problematic since the beverage’s health benefits had always been its primary selling point. Jeff and Rich had to figure out how to get consumers to reengage with it.

Enter Jon Steel. Steel was the planner (or strategist) on the campaign, and he was
holding focus groups to gauge the public’s perception of milk. One woman said something that stuck with him: She only noticed milk when she was out of it. Milk had become such a ubiquitous part of the American consumer landscape that the absence of the product was actually the thing that sold the product. Steel found that idea so unique that it essentially became the strategy of the campaign rather than a strategy
informing an idea.

148
Q

“Sometimes people don’t want to hear the truth because they don’t want their illusions destroyed.”

A

Nietzsche

149
Q

Story telling is the reverse of the 5 paragraph essay. You dont open with the thesis you close with it . This helps you allow for surprise.

A

Story telling is the reverse of the 5 paragraph essay. You dont open with the thesis you close with it . This helps you allow for surprise.

150
Q

Neurosynaptic snapshot

Neil Degrasse Tyson

A

Neil sometimes uses this term to describe the instant responses he gets from his tweets. It’s ideal feedback in that it provides Neil with a quick cognitive idea of what readers make of his thoughts and phrasings, helping him to hone the way he expresses himself.

151
Q

“New opinions are always suspected, and usually opposed, without any other reason but because they are not common.”

A

Locke

152
Q

Prove That You Were Born to Make Ads

A

Maybe you’ve made a whole library of zines and comic books, or maybe you’re in a Star Trek–themed rockabilly band. All of those things sound super fun, and you can definitely put that sort of info in your portfolio. But don’t bury the lede. Your first priority is to prove that you were born to be an advertising creative. Remember that when a company hires you, they’re investing in you, and investing in any person is a lot of work that shouldn’t be taken for granted.

153
Q

Alan Greenspan -

A

his is not an issue of credit rating, the United States can pay any debt it has because we can always print money to do that. So, there is zero probability of default.”

This is not the same for poor nations. They may face punishment or sanctions if they default. Once again it is socialism for the rich and brutal capitalism for the rich and powerful.

154
Q

“Man is nothing else but what he makes of himself.”

A

Satre

155
Q

Bring Your Personality to the Table

A

If you’re a copywriter trying to get a job in advertising, your portfolio is the ultimate
opportunity to show off how you write. Be expressive. Have a personality. For the love
of God, use proper grammar and spell-check your work. Show that you’re capable of
writing headlines and that you can create compelling copy that will capture even the

most disinterested customer’s attention. If you’re a designer, make a logo for yourself.
Illustrate characters that interact within the thumbnails of your work. Use an interesting
color palette and a custom typeface. Be interesting. People in advertising like that

156
Q

“For this feeling of wonder shows that you are a philosopher, since wonder is the only beginning of philosophy.”

A

Plato

157
Q

Advertising -Creating Mass Intimacy

A

How do you get a single message to resonate with 1 million people from different
countries, socioeconomic backgrounds, and cultures? First, it’s important to understand what you want to see when you look at an ad and—maybe even more importantly—what you don’t want to see. You’ll always be the best case study of what does or doesn’t work, meaning mass intimacy starts with you.

Second, you must understand that traditional advertising is almost always uninvited. The least effective advertising in the world is the advertising that doesn’t respect the individuality of the consumer on the other side. So when Jeff and Rich discuss mass intimacy, they’re talking about respecting the consumer by giving them something that
adds value, not annoyance.

158
Q

May you live in interesting times.

A

Old chinese curse

159
Q

“Whosoever is delighted in solitude, is either a wild beast or a god.”

A

Aristotle

160
Q

“…in respect of riches, no citizen shall ever be wealthy enough to buy another, and none poor enough to be forced to sell himself.”

A

Rousseau

161
Q

“Education begins the gentleman, but reading, good company and reflection must finish him.”

A

Locke

162
Q

“All my misfortunes come of having thought too well of my fellows.”

A

Rousseau

163
Q

“No great mind has ever existed without a touch of madness.”

A

Aristotle

164
Q

All limited consciousness are merely vantage points of an all encompassing unbroken field of Awareness. We share the same reality and same perception with universe.

A

Limited Vantage

165
Q

Advertising - Seek Out Fame

A

You should want people to see the things you’re proud of. When they do, it’s good
for your career, it’s good for the health of the agency, it’s probably good for your clients,
and it will open up more doors to help you do the kind of work that you want to do.
Granted, you shouldn’t ignore your clients’ goals in favor of fame (which does happen
in advertising from time to time), but good work should be shared, publicized,
and envied. Plus, when you seek out fame and recognition, it pushes you to find the
opportunities to create rare ideas that would then generate that kind
of notoriety, ultimately making for a more interesting body of work.

166
Q

Advertising -It’s Great, but They’ll Never Buy It

A

Just because something is a great idea—and maybe the right idea—doesn’t mean that it’s the best idea for a client. It’s important to understand the short- and long-term strategy for how to sell a client on the kinds of bold ideas that make brands famous.

It’s also important to understand why the best idea isn’t always the right idea.

167
Q

“The function of prayer is not to influence God, but rather to change the nature of the one who prays.”

A

Kierkegaard

168
Q

“Society does not consist of individuals, but expresses the sum of interrelations, the relations within which these individuals stand.”

A

Marx

169
Q

“Obsession is the wellspring of genius and madness.

A

Montaigne

170
Q

“The history of all hitherto existing society is the history of class struggles.

A

Marx

171
Q

“Life can only be understood backwards; but it must be lived forwards.”

A

Kierkegaard

172
Q

Advertising - Budwieser

A

BUDWEISER, “WEIRD WITHOUT BEER”
You probably have fond memories of a few specific beer ads
(Dos Equis’ “Most Interesting Man in the World,” Budweiser’s
“Wassup,” Bud Light’s “Real Men of Genius”), but the rest of them
are almost identical. The “Weird Without Beer” ads created a very strange, very unpredictable commercial
that poked fun at the category’s biggest brand

THE INSIGHT
All beer ads basically resolve in a completely expected shot of ice cold beer. They’re so predictable now (“now” being 1996) that they’re basically
a genre in themselves. If you’re going to show people that you’re not just another beer, you need
to change up the format.

THE IDEA
What if we took the most stereotypical ad for beer and replaced the final glorious product shot with a
different product?

THE EXECUTION
The final ad was a prototypical beer commercial
with an absurdist twist. The dialogue was so mindless and masculine that you may not have even realized that the narrator was reading off boilerplate facts like, “The more you earn, the more
you keep.” Then, right when the beer reveal was set
to occur, the mariners are all toasting over…corn. As a viewer, you feel the absence of the beer, even
though you’ve seen that beer ad a million times. In effect, the commercial is highlighting the fact that
even if beer commercials are played out, they’re still weird without beer

173
Q
Martin Scorsese - “[You are] constantly being
surprised ...by the actual
location itself and the
limitations. Then, you have
to figure out how the
limitations could become
advantages.”
—Martin Scorsese
A

Martin’s advice regarding location scouting is simple: don’t trust
stills or recorded videos of a space, go see it for yourself. It might take a long time to get there, and upon arriving you might not be satisfied, but take solace in the fact that this is all part of the process. Martin also says that you must spend time in the space at all hours of the day, so that you can understand how the
space will work in changing light.

Creative problem-solving is a must when it comes to locations, especially when you are planning to shoot in multiple places.
Martin shot The Age of Innocence in Boston, Philadelphia, and Troy, New York, piecing it together in one coherent world.

Dante Ferretti, his production designer, worked with him to create the
impression of 1870s New York. In Taxi Driver, Martin used one apartment building for several locations. Because the building was going to be torn down, they were able to cut through the
ceiling to create a track for the elaborate overhead shot at the end of the film. The process took over three months, but ultimately, Martin and crew had only 20 minutes to shoot this scene. Bottom
line: no matter the obstacle or limitations, you can figure out a
location and capture what you need. No matter how strange or
seemingly absurd a suggestion sounds, follow it through and see
what you can do.

Alfred Hitchcock offered François Truffaut some words of wisdom
regarding locations that Martin takes to heart: “The only thing that matters is what it looks like on screen.” While the feeling and mood of a place are important, the image viewers will see eclipses
everything else.

174
Q

“Excellence is never an accident. It is always the result of high intention, sincere effort, and intelligent execution; it represents the wise choice of many alternatives - choice, not chance, determines your destiny.”

A

Aristotle

175
Q
“It’s what I think of as the
heart of cinema because
every time I get to the
editing room, I’m struck by
it all over again: you take
one image, and you put it
together with another image,
and there’s a third phantom
event that happens in the
mind’s eye.”

—Martin Scorsese

A

For Martin, the edit room is just as sacred as the set. It’s where the film truly comes to life. Martin contends that when people
talk about cinema and refer to the image, what they’re really talking about is sequences of images. Editing images together creates the impression of continuous action, and this is how we
tell stories in time.

Because of Martin’s comprehensive formal filmmaking education, he already had editing experience by the time he started making features. Martin and his classmates participated in all aspects of the filmmaking process and made their films without outside financing. When he transitioned to studio filmmaking, he sought
a loyal editor whom he could trust.

176
Q

Neil Degrasse Tyson- Add a little vocal oomph

A
The monotone is not
a winning way to get
ideas across. It’s better
to modulate your
voice to add emotion
or drama to your
language—not gratuitously but genuinely.
Your delivery should
demonstrate your joy
177
Q

“There is no saint without a past, no sinner without a future.”

A

St. Augustine

178
Q

Tan France - Capsule Wardrobe

A

1) The Button-Up Shirt
2) Jeans
3) Leather Motorcycle Jacket
4) White Sneakers
5) A Suit

179
Q

Tan France - Hair

A

Not everyone has an hour in the morning to
blow out their hair or even an hour to let long
locks air dry naturally. Once you’ve figured out
what works with your hair texture and face
shape, think about the limitations in your
schedule and work around those—your hair
(and your sanity) will thank you.

Not everyone has an hour in the morning to
blow out their hair or even an hour to let long
locks air dry naturally. Once you’ve figured out
what works with your hair texture and face
shape, think about the limitations in your
schedule and work around those—your hair
(and your sanity) will thank you.

Just as the items in your wardrobe should help
you feel like who you are, your hair should,
too. While it’s fun to experiment with different
hairstyles over the years, once you’ve nailed
down something that works for you, it can
become as essential and statement-making as
everything else in your signature look

180
Q

Tan France

A
“Style is for
literally every
person. If you are
not a nudist,
style is for you.”
181
Q

IRIS APFEL
Interior designer,
style icon

A
“When you
don’t dress like
everyone else,
you don’t have
to think like
everyone else.”
182
Q

PHOEBE PHILO
Fashion designer
(Independent, 2011)

A
“What I love is this
idea of a wardrobe,
the idea that we’re
establishing certain
signatures and
updating them, that
a change in colour
or fabric is enough.”
PHOEBE PHILO
Fashion designer
(Independent, 2011)
183
Q
SIMON DOONAN
Fashion designer,
former creative
ambassador-at-large
for Barneys
A
“Knowing who you
really are and dressing
the part—with an air of
amused recklessness—
is life-affirming for
you and life-enhancing
for other people.”
184
Q

Tan France

A

“To me, fashion is
ceaselessly fascinating
because it is an
expression of self.”

185
Q

Tan France -
ALEXA CHUNG
Television personality,
fashion designer (Time Out, 2013)

A
“Stick to the
classics, and you
can’t ever go
wrong. I see old
ladies on the street
who have fabulous
style and realize
it’s because they
are probably
wearing really
classic items that
they’ve had for
years and years.
I think if you find
something that
suits you, you
should just
stick to it.”
186
Q

Tan France -
RICK OWENS
Fashion designer
(The Fashion Law, 2012)

A
“The coolest
thing is when you
don’t care about
being cool any
-
more. Indifference
is the greatest
aphrodisiac—that’s
what really sums up
style for me.”
187
Q

Tan France - RUPAUL

Television personality,

A
“You
wanna
make more
money?
You like
money?
Wear a
suit.”
188
Q
Tan France
CARINE ROITFELD
French fashion editor,
former Editor-in-Chief
of Vogue Paris
A
“In fashion, it’s
always better to
be an interesting
person than a
beautiful one.
Character is much
more fascinating
than pure
good looks.”
189
Q

DIANE VON FURSTENBERG
Fashion designer,
MasterClass instructor

A
“Building
a wardrobe
is like building
a circle of
friends your
whole life.”
190
Q

KARLA WELCH
Stylist
(New York, 2018)

A
“I want to be
on both: best
and worst
[dressed lists].
I want people
to feel
something.”
191
Q

Tan France - Philosophy of Fashion

A

“To anyone who thinks, Clothes are just clothes, style is superficial—actually it has had a massive impact on my life and everybody who I work with,” Tan says.
“By making an effort with your style, you are saying, ‘I deserve your respect.’”
But don’t just take Tan’s word for it. There is actual science behind what he’s saying. Not only does clothing change how others perceive us, it changes how we perceive ourselves.

According to a 2015 study by Abraham Rutchick, a psychology professor at
California State University, Northridge, formal clothing directly affects the wearer’s cognition, influencing them to think broadly and abstractly—which is to
say, to think just like leaders do. (The term for this phenomenon is enclothed
cognition.) In a 2006 study called The Clothing Makes the Self, researchers found
that people who dressed more formally described themselves in more confident terms. All the more reason to add a few standout power pieces to your
capsule wardrobe..

192
Q

Tan France - Quick notes

A

Textures are great.

Plaids are ok once in a while.

Dont spend a ton of money on trends. Stick with the timeless

Shop at thrift for unique items, mostly out of the cities.

Use your capsule wardrobe to layer throughout the day.

Experiment with more colors.

193
Q

Chris Voss - Lie detection

A

When you’re at the negotiating table, pay attention to how people speak and act. Do the words they’re saying match up with the way they’re carrying themselves? Look at the people who are not talking—what does their body language signal to you? People who are being sincere don’t typically calculate their body language. The opposite is true of people who are being dishonest.
If you sense people are being deceitful, deploy a label using your inquisitive inflection:

“It seems like I’ve missed something here?” A lie indicates that the other side is afraid to tell you the truth—they perceive you as a threat. In short, you’ve just encountered more negative emotions to be deactivated. To help defuse them, revert again to the late-night FM DJ voice, avoid all traces of accusation, and get your counterparts to drop their guard.

194
Q

Chris Voss - The 7-38-55 Rule in Negotiation

A

In interpersonal communications, 7 percent of a person’s effort is conveyed
via spoken words, 38 percent by tone of voice, and 55 percent through body
language. All of which is to say, your tone of voice is more than five times as
important as what you’re actually saying. If your counterpart’s tone of voice and
body language indicate that he or she is about to lose their bearings, harness
the power of your late-night FM DJ voice—remember those mirror neurons?—to
soothe your counterpart and slow down the pace of the negotiation.

195
Q

Chris Voss - The Pinocchio Effect

A

People who are being dishonest tend to use more words and effort than necessary
to communicate their point.

196
Q

Chris Voss - Negotiation.

A

Doing all you can to show the other side that you are negotiating
in good faith. The idea is to demonstrate that you are not here to
deceive or exploit the other side—sometimes showing deference can be key.

197
Q

Chris Voss - Negotiation.

A

Becoming genuinely interested in what drives the other side.
Understanding their goals, motivations, wants, and fears will help you navigate
the negotiation effectively. An authentic connection with your negotiating
partner will help lead to an optimal outcome for both parties.

198
Q

Chris Voss - Negotiation.

A
  • Building trust-based influence through the use of tactical
    empathy, or deliberately influencing the other side’s feelings.
    By appealing to your counterpart’s emotions, you can build rapport,
    mutual understanding, influence, and—ultimately—deals.
199
Q

Chris Voss - Negative Feelings

A

Negotiators used to assume that eliminating emotion from the process would create the most logical (i.e., best) outcome. But what we understand now through neurological research is that there is no way to cut people’s feelings out of the process. (Nor is it desirable to do so.) In reality, suppressing emotions—specifically negative emotions— will hurt the process. Here are some pointers for taking emotions into account when negotiating:

  • Work to deactivate negative feelings—fear, suspicion, anger, aggression,
    and distrust. From a neurological standpoint, this means trying to defuse
    activity in the amygdala, the part of the brain that houses those feelings.
200
Q

Chris Voss - Achieving your goals in a negotiation requires the adoption of a
positive, collaborative mindset, but it also requires command of a certain
set of skills. Perhaps the most important of these is the way you employ your voice. In
the negotiating room, there are three main tones of voice:

A
  • Assertive
    This voice is declarative, straight up, and delivered like a punch in the nose.
    (Always counterproductive.)
  • Playful/accommodating
    This voice is a bearer of truths delivered gently. It promotes collaboration. This
    should be your go-to voice in negotiations. (Use it approximately 80 percent of
    the time.)
  • Late-night FM DJ
    This voice is straightforward with a soothing, downward lilt. It’s best employed
    when establishing points of negotiation that are immovable. (Use it approximately
    10 to 20 percent of the time.)
201
Q

Chris Voss - In addition to the three tones of voice, master these two essential inflections:

A
  • Inquisitive
    Speak with an upward inflection, as if you’re asking a question. This tone should
    convey genuine curiosity and interest in the other person’s point of view. This
    should be your default inflection.
  • Declarative
    Speak with a downward inflection, as if you’re stating a fact.
    Your voice will inspire your counterpart to feel the same kinds of emotions that you are expressing by activating an empathetic response from their brain’s mirror neurons.
202
Q

Chris Voss - Voss - Mirroring:

A

Mirroring, or the repetition of key words used by your negotiating partner, is another essential negotiating tool. In most situations, you should identify one to three key terms for mirroring (but never use more than five). The technique can be especially effective when you’re repeating words that your counterpart has just spoken.

Mirroring lets the other side know you’re paying attention to what they’re saying
and treating their views with the close consideration they believe they deserve. An
example of mirroring might look something like this:

  • Your negotiating partner: “I’ve had a really difficult year, and it seems like
    you’re discounting all of the financial and personal stress I’ve been under.”
  • You: “Financial and personal stress?”

Mirroring is a rapport-building technique with wide applicability. It works as well at
cocktail parties as it does during hostage negotiations. When you combine it with
inquisitive inflection, mirroring can be an effective means of quelling the often reflexive hostility of confrontational people.

Mirroring can also be used to gather intel. Using it with the inquisitive inflection will
lead your counterpart to not only repeat themselves but to elaborate and offer additional details. This expands what you know about them and their position.

203
Q

Chris Voss - Labeling for negotiation:

A

Labeling is used to give voice to the other side’s feelings. Good labels take the form of:
* “It seems like…”
* “It looks like…”
* “You look like…”
To label effectively, you must avoid all use of the first-person pronoun, as in, “What
I’m hearing…” or “I think…” First-person phrases signal that you are your number

204
Q

Chris Voss - Labeling v negative emotions

A

Likewise, labeling can help you overcome negative emotions. Labels are cumulative— often, you may need to use several of them to deactivate a single bad feeling.

Labeling a negative emotion that isn’t there yet can help you inoculate against it.
The counterpart of labeling is mislabeling, or the intentional misidentification of your counterpart’s feelings. Why would you ever do that? Because mislabeling gives the other side the opportunity to correct you. People love to feel like they’re in the right, and they love it even more when you readily admit your own misunderstanding of an issue they’re highly invested in. When the other side corrects you, you can receive new and sometimes critical information. Here’s an example of a simple mislabel:

  • You: “It seems like you disagree with these terms.”
  • Your negotiating partner: “I don’t disagree with the terms. I’m concerned

with the resources needed to execute them.”
By mislabeling, you’ve gleaned that your negotiating partner has no issue with the terms of your deal; rather, he or she has issues with carrying them out.

205
Q

Chris Voss - Dynamic Silence

A

Dynamic silence can magnify the impact of your mirrors and labels. By taking a beat
after you mislabel, for example, you give the other side the opportunity to set you straight, potentially revealing more information than you could have gotten by asking direct questions.

206
Q

Chris Voss - Calibrated Questions

A

Calibrated questions are how and what questions structured for maximum effect. They are designed to change the power dynamic of the negotiation and force consideration of your position into the equation.

In other words, they allow the other side to see things from your side of the table and allow everyone to keep their sense of autonomy in tact—something that Chris compares to our need for survival. “People will die over their autonomy,” he says. “It’s the reason why we have hostage negotiations in the first place.” Calibrated questions often
sound like this:

  • “How am I supposed to do that?”
  • “What’s going to happen if I do that?”

These questions also help cultivate the illusion of control in your counterpart. They can serve the same purpose as why questions while sounding less accusatory. Why questions tend to trigger a defensive posture. Think about how you’ve felt in the past when someone has asked, “Why did you do that?” By changing “why” to “what” (as in, “What are you trying to accomplish by doing that?”), you can remove the sting of accusation.

207
Q

Chris Voss - “’No’ is not failure.”

A

When it comes to a line of questioning, there are three types of yes answers :

  • Yes as a commitment (used to agree)
  • Yes as a confirmation (used to affirm commitment)
  • Yes as counterfeit (used tactically by someone who doesn’t trust you, feels trapped, or wants you to go away)

Often, a no can be much more valuable than a yes. In certain circumstances, people feel safe and protected by a no. So, a question like “Is this a good idea?” may be better phrased as “Is this a ridiculous idea?”; “Can you agree to do it this way?” could be better presented as “Do you think it’s unreasonable if we can both agree to take things in this direction?” When answering a yes question, people are going to feel that every piece of information they provide is another commitment to be made.
By contrast, a no relieves them of the sense that they may have just surrendered their entire negotiating position.

Avoiding yes in favor of no helps ease the other side’s fear of commitment. Here
again, a negative emotion is being deactivated. And don’t forget that no is equally valuable to your own cause. After saying no, use dynamic silence to let it sink in, demonstrating to your partner that you stand by your word

208
Q

Chris Voss - Defeating Fear of loss

A

“Fear of loss… completely distorts your counterpart’s perception so much that
it effectively bends their reality.”
One of the primary negative emotions that can derail a negotiation is the fear of loss. Neuroscience teaches us that fear is a dominant factor in human decision-making. Use your skills to try and figure out what the other side is scared of losing. Know that people will begin to talk about a deal being “fair” once they feel backed into a corner. Fairness, in this moment, becomes the end all/be all of the negotiation.

People will even walk away from a good deal if they feel like they’ve been treated unfairly. If you get the sense that the people across the table think you’re being unfair, encourage them to speak their minds about it.

Then ask for a few examples of how you’ve allegedly been mistreating them. You may find that the other side’s idea of fairness will result in something that’s totally unfair for you. The key to negotiation may be deference, but that doesn’t equate to subservience.

Do whatever you can to deactivate this fear of loss—remember your mirrors and
labels—and keep your negotiation grounded, collaborative, and positive.

209
Q

Chris Voss - Bargaining

A

When negotiating, it’s always best to steer clear of a bargaining situation. But sometimes
it’s unavoidable. Below are the stages of the Ackerman system. It’s paramount
to employ tactical empathy between each round:

  • Establish a target price for the goods you want to buy.
  • Make an initial offer at 65 percent of your target price.
  • Assuming no deal, raise your price by 20 percent.
  • Assuming no deal, raise your price by 10 percent.
  • If still no deal, raise by another 5 percent.
  • Your final offer should be an odd number, and you should be
    prepared to include some non-monetary compensation to show
    them you’re committing all of your available resources.

The point of the Ackerman system is to make the other side feel that every price increase is creating a real burden for you. Resist the temptation to set an anchor price that is unreasonably low. Lowball offers can create negative emotions like resentment,
and the deal will be doomed from the start.

Preferable to back-and-forth bargaining are the kinds of collaborative efforts that make for great negotiations. By the time the other side asks you to make the first offer, you should have elicited enough information from them to know what a great
deal would look like in their eyes. Alternatively, set a range for yourself that’s dictated by the market price and by what you can actually afford. Again, the goal is to build as much rapport as possible with your counterpart. Even when bargaining, the benefits of trust-based influence will outweigh a zero-sum
approach.

210
Q

Paint a picture with specificity -

A

“We lost 70,000 jobs” -Kerry

” I met people in south Carolina who lost their jobs and competed for jobs with their own children for $7 an hour. “- Obama

211
Q

Reframe criticisms:

A

Kerry Called bush out for starting the war in Iraq. Bush reframed Kerry’s comments to make it seem like he was denigrating the troops. He appealed to peoples patriotism.

One way to counter this is to predict the dodge. Call it out before they do it and say “My opponent wont answer this question, He’ll change the subject”

212
Q

Don’t deny within your opponents frame: Flip Flopping

A

Don’t deny within your opponents frame: Flip Flopping

Kerry denied being against the Iraq war, Hillary denied being a political insider. You reject your opponents frame. You reframe flip flopping as being mature enough to update your views in light of new evidence.

213
Q

End of Policing Summary

A

Never ever talk to the police. Never try to impress them. Always ask for lawyers. Never talk about anything.

They don’t need recordings or video tapes. The judge will take policeword for it.

They are allowed to lie to you in interrogations. He gonna try to get you to sign a written Confession (apology letter)

Independent review boards at state and community level. Prosecuters often work with police so may not want to prosecute them

White jurors are more likely to side with police regardless of race of officer or the victim.

DA is elected and may not seem to be going agonist police.

Cameras are only as useful for the mechanism to persecute the police.

Police are pitted in the public. We are asking cops to do too much. A kinder gentler and more diverse war on poor is still a war on the poor. All social problems are now seen as police problems.

Organizing police in get fines an fees undermines democracy.

214
Q

Police Interrogations

A

Police may first do a phone call to get you to ‘apologize’/confess on tap.

They may leave you in the room alone to feel trapped and isolated.

Police will first try to get close to you so you can waive your right to remain silent. They also will try to build rapport by trying to connect with you.

They will first open ended questions to use them against you.

They will then accuses you repeatedly. They will say they have evidence they don’t have. They wont allow you to deny anything (may say “You will be able to talk soon”) because denials make your more confident.

They will confront you with false evidence (They have taps, DNA, fingerprint etc). They will legally lie.

They will use a good them and a bad theme. They will tell two stories (Its was a crime of passion v you’re an evil person). They will say one is minimal v maximization but they all want a confession.

When they sense you are going to confess. They may trick you into writing an apology letter to victim they can use as evidence.

215
Q

Sharia and Adam Smith

A

Adam smith took a lot of his ideas from Islam. Islam could have markets that operated outside of government per view. It was based off shaira and mutual aid instead of competition. Islam got rid of usury and slavery so they could have much more trade and free markets.

216
Q

Coinage/debt peonage

A

During Axial age, Coinage/debt peonage started to have huge impact. Religions started around the same time to combat the slavery, debt, war complex. They were in the same cities as monetary hubs. Monetary hubs collapsed to the middle ages. Much of the gold goes to monastery’s and churches. They go back to trade.

217
Q

Madagascar-

A

French invaded. Wanted the people to pay the cost of being conquered. Issued paper money than said’ you have to give us this back’ .

218
Q

Debt First 5000 years

A

Global south ‘debt’ should be forgiven. They didn’t really borrow the money, some dictator put it in a swiss bank account. They’ve paid it back multiple times over due to compounding interest. The IMF has no incentive to make ‘intelligent’ loans, since they take not risk since they are enforced by jackals globally.

Debt is equated with sin in early religions. In Hinduism you owe the universe for making you and same with you parents. Debt is Also Sin in Aramaic. (Forgive our debt as we forgive those who have debt owed to us)

English villages would have villagers owe each other debt. At the end of a term the would have a debt reckoning and square this by getting in a circle and figuring out who owes what and eventually cancel out the villages debt (sometimes with trade). In Nigeria a tribe would give you a gift, you have to give them a gift but of slightly less value, to keep the ‘debt’ interaction going.

219
Q

Rule following

A

Humans and chimps have a built-in rule following mentality for civilization cohesion. We create mental models that build on themselves and our rule following makes it so we can’t easily disregard rules and models when they no longer conform to existing reality.

People become emotionally invested in rules rather than logically invested. This explains why social change is often not linear but small and incremental than all at once. Stakeholders in the current process will veto change since they have a stake in it. Sometimes violence or the threat of violence in necessary to change status quo.

Humans nature
Humans nature us largely the same across culture and time but are marked by specific evolutions of culture largely due to environment.

Ethelbert’s law and Clovis law were the first laws in Europe and the forerunner of modern courts. This was to prevent tribal blood feuds from becoming full wars

220
Q

Hobbes and the social Contract.

A

InLeviathan(1651), Hobbes argued that the absolute power of the sovereign was ultimately justified by the consent of the governed, who agreed, in a hypothetical social contract, to obey the sovereign in all matters in exchange for a guarantee of peace and security. The prevented all against all (group against group)

221
Q

Hobbes and the social Contract.

A

Hobbs- life is solitary, nasty brutish and short
Rousseau- life is solitary but in state of nature we cooperate based on necessity.
Locke- people have the right to overthrow governments. Based on many ideas by Hobbes.

All were included in the us constitution and all are wrong in assuming early human life was solitary. There is zero evidence of that. Individualism rose with time not cooperation. Aristotle was right when he said humans are political by nature. Our institutions override our natural cooperative behavior. Kinship behaviors and reciprocal behaviors make this apparent.

Humans follow norms because of emotional norms in society. We want justice because if our tit for tat chimp life.

Political power is the product of people thinking the government as legitimate.

Humans - Humans want recognition of their own worthreligion, culture etc. Recognition provides legitimacy which makes political organizations possible.

222
Q

Cult leaders

A

Offer fake reciprocity - I would die for you
Pray on people without strong family ties
get them to follow you by making faces and having them copy

223
Q

Who determines price v value?

A

Price + Profit (Your time, management cost, cost of equipment, factors involving competition. Markup may be 400%)

The seller determines price.
The buyer determines value. They determine whats fair FOR THEM. If you set the price too high, are you taking advantage of the customer? No, people buy Nike shoes because they see values in it. When value exceeds price, people give you money.

There should be at least 50% profit in every step on the supply chain (production > Retail > Seller)

224
Q

Deception Detection:

A

Be in L-squared mode and pay full attention with eyes and ears.

Look for clusters. It cant just be one

Failure to provide information asked for.

Failure to deny - They don’t say yes or no

Use of exclusionary qualifiers -
“Do you like how I’m dressed today?” “I don’t hate it”
“Fundamentally, our company did nothing wrong”

Attacking the questioner

Attack a third party/the situation

Inappropriate level of concern -
(They don’t take it seriously enough, (they giggle), or they are too concerned)

Convincing statement-
The things people say to convince you of their innocence instead of just conveying information. They are explaining something ‘why’ something is the way it is. “I wouldn’t do that, I’m a professional”

Referral statements -
Go back to a statement they’ve already made. “As I said previously”

Invoking religion

Perception qualifiers-
“To tell you the truth/Frankly”

Behavioral Pause
Stop talking to gather thoughts

Verbal/non verbal disconnect-
Shaking their head to mean yes.

Anchor point movements -
When people move their feet or but when they speak.

Grooming gesture - moving tie, stroking hair

Hand to the face - When we are flight or flight blood flows away from extremities making us itchy.

225
Q

Speech giving

A

Show your palms

Pause instead of saying um.

Create mystery in a single sentence.
We do this not because of thing 1, thing 2 or thing 3….
but because of thing 4

Speak warmly to your audience. make them feel good about themselves.
Rockstars do this. “Hello detroit!!”

React to audience. Show them you see them and hear them.

Make eye contact.
for 3-5 seconds with someone in the crowd who is engaged

Give a list of specifics.
“For the florida mom who can pay her bills”
“To the construction worker whose jobs are being shipped to mexico.”

Tell stories
Create an image in people heads.

Make a common enemy
IT CANT BE THE OTHER PARTY

226
Q

Divert and distracted

A

If the opponent has a good point divert with a wild statement.

Make fun of peoples appearance. Fat and old trump.

People are persuaded by people they like, and people who they want to be like.

Mirror - Mirror someone’s’ energy and/or their last few words.

Frame control
Don’t respond the content of insult, respond the the framing.
“I wish the company here was better” “Don’t beat yourself up”

Frame peoples options in a very limited way.
“Here are your options”

Always create other options for yourself. Have more than one choice to have the upside in a negotiation.

227
Q

Everybody knows that

A

You don’t need witnesses. Make vague statements instead. Use a inanimate objects as “witnesses”. “The halls witnessed this-“

Delivery is more important thanthe content. It should be lively and entertaining

228
Q

Transfers

A

If your accused of something just accuse your opponent of it.

229
Q

Simplification

A

Make complex issues into bite size emotionalarguments.

230
Q

Fear mongering

A

You can’t be neutral.

If all else fails,Appeal to gods and religion

Cicero is never offers any real proof

231
Q

Labeling

A

“Crooked Hillary” “ Creepy joe”

232
Q

Accuse them of all crimes in order for audience to pick on

A

There is no wickedness planned or imagined that catiline was not a part of. In all these years what murder did he not direct. What act of repellant lewdness did not bear the mark of his guided hand.

233
Q

Guilt by association

A

list all the friends they have (allegedly). “There is not a single prisoner; assassin, their, forger of Wills, cheat, glutton etc. That hasn’t been on intimate terms with catiline”

234
Q

Paul Krugman Economics

A

There are two fundamental insights at the heart of
economics. The first is that people respond to incentives. Obvious opportunities to be better off are rarely
left unexploited. The second is that every economic
transaction has two sides: each side gets something
and each side gives up something.

When we consider the whole economy, those two sides have to add
up. For everything we buy there must be something
that we sell. For every good imported into our country
something must be exported. These two rules taken
together can provide tremendous insight into how
economies work.
For example, any story which implies that people pass
on an opportunity to improve their economic standing
is likely missing something. The Victorian economist
David Ricardo used this insight to understand how
landlords and farmers negotiated rents.

Farmers want
to cultivate the best possible land, where they can
raise the most crops. Landlords want to charge the
highest rent that farmers will be willing to pay. What
then determines how much produce a farmer will have
to pay to his landlord in rent and how much he will
get to keep for himself? Ricardo reasoned that all
farmers would get to keep an amount roughly equal
to what could be produced on the worst plot of land
under cultivation and any amount over would be paid
in rent to the landlord.

Why? Suppose a landlord tried to charge so much rent
that the farmer actually ended up with less than he
could produce on the worst plot of land. In that case,
the farmer could get a better deal by offering a very
tiny amount to rent land that was so bad no one was
currently cultivating it. The owner of that uncultivated plot isn’t receiving any rent now, so even a tiny
amount of rent makes him better off. Thus the farmer
leaves his old landlord and rents the uncultivated plot
(see figure 1).
On the flip side, suppose another farmer demands
that his landlord lower the rent, so that the farmer
can keep more than what could be produced on the
worst plot of land currently under cultivation. In that
case, the landlord can threaten to evict his current
farmer and rent the plot out to whoever is farming the
very worst plot of land instead.

The opportunity for
farmers to find a new landlord or landlord’s ability to
find a new farmer keeps the income of all the farmers
roughly the same. They all fall in a fairly narrow range
around the amount that a farmer could produce on
the worst plot of land. Neither the actual productivity
nor the actual needs of any individual farmer plays
much of a role in determining his income. His income
is set by the quality of a plot of land that might be
very far away, farmed by someone he will probably
never meet

235
Q

Paul Krugman Economics

A

The second principle—that economies have two sides
and that every sale is also purchase—can lead us to
equally powerful insights. For example, people are often worried that the United States runs a trade deficit
year after year. It seems like we’re buying more from
the rest of the world than they are buying from us.

Economics tells us this story must be missing something. When we buy footwear from China, they send us shoes and we send them dollars. What does China
do with the dollars? Some they use to buy US exports
like soybeans. The rest, however, they use to buy US
government bonds.

236
Q

Paul Krugman Economics

A

All couples started out with a fixed number of coupons, so that no couple would be able to abuse the
system by always going out more than they babysat.
The system worked great for a while, until a bunch
couples stopped going out, all at the same time.

That meant it was easy to find a sitter but hard to find an
opportunity to sit. The couples who were still going
out started to run low on coupons. Some of them

began to get nervous and they started saving their
coupons for special occasions. That resulted in even
fewer couples going out, making it even harder to find
an opportunity to sit.
The cycle fed on itself. Eventually, all the couples were
afraid of potentially running out of coupons and so
they only rarely went out, making it nearly impossible for a couple to earn coupons to use when they
needed them. The lack of opportunity to earn created
a scarcity mindset, which made couples too afraid
to use the coupons they had. Needless to say this
defeated the entire purpose of the co-op, which was
to allow couples to go out more. This happened not
because there weren’t enough sitters, but because
there weren’t enough coupons. This shortage of coupons changed the incentive to go out.
We think of the couples who go out as “buying” a
night of babysitting from the couples who stayed in.
However, they were also “selling” extra coupons to the
couples who stayed in.

Both getting a babysitter for
the night and having extra coupons were desirable.
In this example, the essential principle modeled
here—that every sale is also a purchase—also helps
us understand why economies go into recessions,

237
Q

Paul Krugman Economics

A

Many economists consider David Ricardo one of the
most important classical economists, after Adam
Smith. Ricardo was able to articulate through words
and simple examples concepts that would come to be fundamental tools of economic analysis. He outlined
the Law of Comparative Advantage, which explaines
how trade is beneficial to all parties involved. He also
offered probably the first analysis of how automation
could hurt workers.
As Paul discusses, Ricardo also articulated the Law
of Diminishing Returns, which today underlies economists’ understanding of supply and demand, and how
prices and wages are determined.

Learn more about
Ricardo’s life and work.
The Great Capitol Hill Baby-Sitting Co-Op Crisis is a
classic in economics. Read the original here.
Paul’s second principle is often illustrated using the
circular flow model. The economy can be thought of
as two cycles moving in opposite directions. In one
direction, we see goods and services flowing from
individuals to businesses and back again. This represents the fact that, as workers, we go to work to
make things people want or provide a service that
people need. Then, as consumers, we receive the
things we want and need from other businesses. In
the opposite direction, we see money flowing from
businesses to households and back again.

This represents the payments that we make for the things we buy and the income from the work that we do. The
key takeaway is that both cycles are needed to make
the economy work. When we buy things, we give up
money for the things we want. When we go to work
we make things in exchange for money. It’s easy to
allow the money flow to fade into the background,
but if something disrupts it, then the result can be
an economic recession. Take a look at economist Jodi
Beggs’s rendering of the circular flow model for more
information.

238
Q

Paul Krugman Economics - Theories

A

Economists have been creating, debating, and testing
theories about the economy for more than 250 years.
Almost every “new” idea anyone has about the economy has probably been debated and discarded long
ago. That doesn’t mean that it’s impossible to have
genuinely original insights. It simply means that to do
so, one must study an enormous amount of economic
history.

As unique as today’s events seem, they often
have close parallels in the past. The Panic of 1893 was
remarkably similar to the Great Recession of 2008.
The current era of globalization shares much in common with the wave of globalization that occurred in
the late 1800s.
The field of economics itself developed alongside a
dramatic shift in the way economies operated in general. Before the Industrial Revolution, the economy
in most places looked nearly the same century after
century. Suddenly, in the mid 1700s, the technological innovations in manufacturing and transportation
brought rapid growth and change to England’s economy.

Adam Smith, who is widely credited with creating
the discipline of economics with his book The Wealth
of Nations (1776), realized that this dramatic transformation in the way economies worked was driven in
large part by the division of labor. He used the example of a pin factory to show how a group of workers,
each specializing in one aspect of pin manufacturing,
could produce more pins faster than the same number
of master craftsmen working alone. Thus, he argued,
countries were rich or poor not based on their levels of
precious metals or other stores of wealth, but based
on their capacity to produce the everyday things their
citizens needed and wanted.
Smith’s theory created a prevailing belief among
economists that prosperity was assured if productive
capacity was increased using the types of processes
that Smith identified. If the prosperity of an entire
economy declined, it was assumed that something
had gone wrong with its productive capacity.

There
was also a general belief among economists in something called Say’s Law. Say’s Law states that supply
creates its own demand. By “supply” economists mean
the creation of goods and services. By “demand” economists mean the desire to purchase goods and services. Say’s Law suggests that on average the quantity
of goods created will be equal to the quantity people
want to buy.
It may be the case that not many people want to
buy a particular type of good and individual suppliers
can go out of business. However, economists used to
believe that the lack of demand for one good simply
means that people prefer to spend their money on a
different good.

Indeed, it’s the desire to buy goods
that induces people to offer goods for sale. When
someone offers goods for sale they are hoping to earn
money to buy something else. In this way, the supply
of one good represents the demand for some other
good.

Say’s Law suggests that there could never be a general lack of demand. That is, it could not be the case that consumers simply didn’t want to buy as many
goods as were being offered for sale. This creates a
puzzle, however, because economists observe what
is known as the business cycle: at times it seems like
almost all businesses are able to sell as much as they
want, while at other times virtually all business are
having trouble selling as much as they want.

239
Q

Paul Krugman Economics - Keynes

A

John Maynard Keynes eventually solved this puzzle by
connecting several dots. First, people like to have a
little extra money in reserve in case of an emergency.
Second, if everyone becomes fearful at once, everyone
will attempt to increase their reserves at the same
time. Third, if everyone increases their reserves at the
same time, there will not be enough spending to buy
all the goods and services for sale. Fourth, if there is
not enough spending to buy all the goods and services
for sale, the level of fear in the economy will increase.
This fear will, in turn, cause people to want to increase
their reserves of money and the cycle will build on
itself. This cycle is difficult to stop because people
cannot get the very thing they want—more money
in reserve—because the only way to get money is by
selling something to other people. Those people will
be reluctant to buy because they too are trying to
increase their reserves.
It is no accident that Keynes developed his theory during the Great Depression. Economists were
perplexed by business cycles prior to the Great
Depression, but the length and intensity of this recession created a sense of profound urgency to finally solve the mystery.

Keynes explained that the
prosperity of whole economies could decline even if
their capacity to produce was undiminished. Even productive economies could get caught in a trap where a
lack of spending could cause businesses to cut back
on production. The cuts in production would then lead
businesses to reduce the number of workers they employed. The reduction in employment opportunities
would then lead families to cut back on spending,
worsening the original problem.

The story of the Great Capitol Hill Babysitting CoOp Crisis, discussed in Chapter 3: Two Fundamental
Principles of Economics, helps illustrate Keynes’s
insight on a smaller scale. Economists before Keynes would have said that all that is needed for
the Babysitting Co-Op to prosper is for there to be
enough couples willing and able to babysit. In fact,
however, the Babysitting Co-Op has two sides. In addition to being willing and able to babysit, couples
also have to be willing and able to go out and spend
their babysitting coupons.
This second problem, the unwillingness to spend
coupons, has a solution so straightforward that it
seems too good to be true. Indeed, even today many
economists who haven’t specialized in studying money
or recessions find it hard to believe. The solution is
simply to print more coupons and give them to people.

If for some reason giving the coupons away is
problematic, then the Babysitting Co-Op could offer
to pay coupons to its members for services other than
babysitting, such as sending out announcements or
hosting meetings.
These solutions match exactly the options available
to real governments.

In most cases, governments can
mitigate and reverse downturns by printing more
money and effectively loaning it out at cheap interest
rates. If that solution is problematic, then government
can pay people to build public works, cut taxes, or
expand safety net programs.

240
Q

THE FED IS MAGIC

A

It’s the job of the Federal Reserve, or Fed, to keep the
economy healthy. Technically the Fed’s mandate from
Congress is to achieve full employment and price stability. Economists have long debated what the terms
“full employment” and “price stability” mean in practice. The understanding today is that price stability
means keeping the inflation rate around 2% per year.
Full employment means getting unemployment as low
as it can go without driving up inflation (see figure 1).

*Wonkish” means “in the details,” especially in regards to
theory and policy. Paul often labels a column “(wonkish)”
when it contains a bunch of jargon and theory.
FIGURE 1
An economy that produces too little will suffer from
high unemployment, since the low rate of employment opportunities will be inversely proportional to
the high number of able-bodied workers. An economy
that produces too much will see widespread increases
in the prices of nearly all goods and services as the
demand for them outpaces production capabilities.
This general increase in prices is known as inflation

241
Q

GDP is one of the most important statistics in economics.
It represents three separate conceptions of the strength
of an economy: (1) the value of everything that is produced within the country, (2) the value of everything
that is purchased within the country plus that country’s
net exports to other countries, and (3) the income of all
the individuals and businesses within the country.

These
three values are the same because everything that we
purchase must be first produced and then sold. Then,
through the selling of products and services, we earn
our income. Therefore, total production, total purchases,
and total income for the whole country are the same.
Measuring GDP tells us an enormous amount about how
we are doing as a nation. If GDP is rising, it signifies that
incomes are rising, and consumers are purchasing more.
All of this means a stronger economy.
The IS curve slopes down and to the right, representing
the fact that as interest rates fall, people and businesses
try to invest more in long-lasting goods like houses, cars,
and equipment.

When interest rates fall, families also
tend to put less away for savings and spend more on
consumer goods. Thus the effect of a falling interest rate
is an increase in GDP through greater investment and less
personal savings.
The LM curve slopes up and to the right. It represents
what economists call the money market. As the economy expands, banks and other financial institutions need
funds to support the extra investment.

To get those
funds, they encourage consumers to deposit more of
their cash into longer term deposits like certificates of
deposit or bonds.

A

To predict how much the economy will produce, the
Fed and other professional economists use a model called IS-LM. The IS stands for Investment and Savings. The LM stands for Liquidity and Money.

The ISLM model is based on the work of the legendary economist John Maynard Keynes. It attempts to distill many of
his insights into a single graph (see figure 2).
On the vertical axis of the graph, ‘r’ represents the interest rate on government bonds. On the horizontal axis, ‘Y’
represents Gross Domestic Product, or GDP.
GDP is one of the most important statistics in economics.
It represents three separate conceptions of the strength
of an economy: (1) the value of everything that is produced within the country, (2) the value of everything
that is purchased within the country plus that country’s
net exports to other countries, and (3) the income of all
the individuals and businesses within the country.

These
three values are the same because everything that we
purchase must be first produced and then sold. Then,
through the selling of products and services, we earn
our income.

Therefore, total production, total purchases,
and total income for the whole country are the same.
Measuring GDP tells us an enormous amount about how
we are doing as a nation. If GDP is rising, it signifies that
incomes are rising, and consumers are purchasing more.
All of this means a stronger economy.
The IS curve slopes down and to the right, representing
the fact that as interest rates fall, people and businesses
try to invest more in long-lasting goods like houses, cars,
and equipment. When interest rates fall, families also
tend to put less away for savings and spend more on
consumer goods. Thus the effect of a falling interest rate
is an increase in GDP through greater investment and less
personal savings.

The LM curve slopes up and to the right. It represents
what economists call the money market. As the economy expands, banks and other financial institutions need
funds to support the extra investment. To get those
funds, they encourage consumers to deposit more of
their cash into longer term deposits like certificates of
deposit or bonds.

Checking accounts pay very low interest rates and cash
doesn’t pay any interest rate at all. So the higher interest
rate consumers can get on CDs or bonds, the more they
are willing to deposit their cash in those types of longer
term investments. Thus, as the economy expands, interest
rates tend to rise.

The IS relationship and LM relationship create opposing forces. On the one hand, a falling interest rate
tends to cause the economy to expand. On the other
hand, an expanding economy causes interest rates to
rise. Where the two curves meet, the forces are balanced and the economy is in equilibrium (see figure 3).
The Federal Reserve can move the LM curve by printing money. The more money the Fed prints, the less
aggressively banks have to raise interest rates to
attract deposits. This causes the LM curve to shift
outward.

The lines now cross at a new point—one where the
interest rate is lower and the economy is larger. In
this way the Fed has the power to control the level
of GDP (see figure 4).
Although the Fed can increase the strength of the
economy by printing money, that comes at the cost of
a higher rate of inflation. Higher inflation causes the
IS curve to shift inwards. This causes interest rates
to rise again and the economy to slow. If the Fed is
not careful, its actions can backfire and lead to an
economy with high rates of inflation but not very high
GDP growth.
In the 1970s, the United States experienced precisely that outcome. Inflation rose throughout the 1970s
while economic growth slowed. That experience left a
mark on many Americans—so much so that there are
people who believe that trying to increase GDP by
printing money is so dangerous that it borders on evil.

Economists understand that while high inflation is a
real danger, low inflation is dangerous as well. Just
as high inflation can lead to permanently high interest rates, low inflation can lead to permanently low
interest rates. Permanently low interest rates limits
the Fed’s ability to increase the strength of the economy in very bad times, which can lead to long, deep
recessions.

Economists often draw the LM curve as a straight line.
In fact, it has a kink at zero (see figure 5).
Interest rates cannot go below zero no matter how
much money the Fed prints. Economists call this the
Zero Lower Bound. When the 2008 crisis came along,
the Fed attempted to counteract the economic collapse by printing money and driving down interest
rates. When interest rates hit zero, however, printing
money had no additional effect. In a severe depression
like the one in 2008, printing money is not enough to
save the economy (see figure 6)

242
Q

Waves of failure in the great depression

A

Waves of bank failures occurred during the Great
Depression. After the Depression, the government
began insuring deposits and requiring banks to follow
strict safety guidelines to ensure this wouldn’t happen
again. Slowly, however, new institutions popped up
that weren’t officially banks but nonetheless made
their money by taking bank-type risks. These institutions created a shadow banking system, and by 2008
they handled almost ten times more money than the
regular banking system.
Bank runs are often associated with asset bubbles.

The fundamental value of an asset is the return an
investor believes he or she would receive if he or she
bought an asset and never sold it. For real estate, the
fundamental value is based on the rent the property
will earn over its lifetime. For stocks, the fundamental

value is based on the profits the company will earn.
Asset bubbles occur when investors are willing to pay
far more than a reasonable estimate of fundamental
value in the hopes that they will be able to sell the
asset later to other investors for even more money.
This process can continue for a while, but eventually
the flow of new investors slows.

As it becomes harder
to find new investors, old investors panic and sell all
at once. This is sometimes called a Wile E. Coyote
moment, after the famous cartoon character who
would run off a cliff but only begin to fall when he
noticed the ground was no longer beneath him. In the
same way, the price of an asset in a bubble continues
to rises above its fundamental value until investors
notice that they are running out of new investors to
whom they can sell.

The subprime crisis combined the elements of a
bubble with a bank run. The shadow banking system
took loans from subprime borrowers. It then combined
thousands of those loans into a single pool. As long
as all borrowers didn’t default at once, the pool would
collect a relatively predictable number of payments
each month. When the housing bubble burst, however, many of the subprime borrowers defaulted all
at once. Payments into the pools stopped. Without
that income, shadow banks such as Accredited Home
Loans or Freedom Mortgage Company could not honor
their obligations (see figure 1)

243
Q

Subprime buble and shadow bank

A

The subprime crisis combined the elements of a
bubble with a bank run. The shadow banking system
took loans from subprime borrowers. It then combined
thousands of those loans into a single pool. As long
as all borrowers didn’t default at once, the pool would
collect a relatively predictable number of payments
each month.

When the housing bubble burst, however, many of the subprime borrowers defaulted all at once. Payments into the pools stopped. Without
that income, shadow banks such as Accredited Home
Loans or Freedom Mortgage Company could not honor
their obligations (see figure 1)

Shadow banks were providing a lot of the economy’s
credit; when they went down that credit was cut off.
This caused spending in the economy to fall. The fall
in spending led to a fall in prices of not only houses but commercial property, automobiles, and other assets.

The fall in prices made it even more difficult for borrowers to get or repay loans, which led to further
declines in spending and prices. Economists refer to
this as “debt deflation.” This type of crisis is too large
even for the Fed to stop.
As a result of this snowball effect, unemployment
soared from 4.5% to around 10%. An unemployment
rate of 10% meant that roughly 15 million Americans
who wanted to find a job could not. Now referred to
as the Great Recession, this was the worst economic
crisis since the Great Depression. Millions of manufacturing jobs were lost during the Great Recession.
This wasn’t a result of anything that the workers did
or even anything that their employers did.

The crisis of 2008 negatively impacted millions of
people. The massive job loss and potential scarring
of entire career paths means that a recession is more
than just an abstract economic concept. Recessions
take an enormous toll on those who live through them

244
Q

Zero Lower bound

A

The financial crisis that began in 2007 pushed the
US into a recession by the end of that same year.
That recession in turn worsened the financial crisis
as more people lost their jobs and were unable to
repay mortgages and other loans. This deepening
of the financial crisis in turn led to an even worse
recession, and on it went. It’s natural to ask, “what
can be done about this?” For most recessions, the
answer is straightforward. The Federal Reserve is able
to lessen the blow and even turn around a recession
by printing more money. When the babysitting co-op,
discussed in Chapter 3: Two Fundamental Principles
of Economics, went into “recession,” the problem was
solved by issuing more babysitting vouchers (see
figure 1)

This strategy, however, faces a limitation. To increase
the amount of money circulating in the economy, the
Federal Reserve lowers interest rates. Lower interest
rates make it easier for households and businesses to
borrow money from banks. The loans that banks make
inject more money into the economy and allow it to
recover from the recession. When interest rates hit
zero, however, increases in the money supply have no
effect.

Households and businesses no longer have an
increased incentive to take out loans. The extra money
sits in banks without being spent. This is the reason
the LM curve, discussed in Chapter 5: Understanding
Macroeconomics: The Fed and IS-LM (Wonkish), is flat
at zero. Economists call the inability of interest rates
to go below zero the Zero Lower Bound.

If you recall, LM stands for Liquidity and Money.
Liquidity refers to the amount of money circulating in
the economy. When the economy is liquid, households
and businesses can easily find the cash they need
to make the purchases they want. They can then
make purchasing decisions based on long term
considerations about their budget and what they can
afford.

Households and businesses do not have to
worry that even though a purchase is a good long term
idea, they may not have enough cash in the short term
to buy it outright or make the payments on a loan.
When the economy reaches the Zero Lower Bound,
printing money no longer increases liquidity. If the
economy reaches the Zero Lower Bound during a recession, it is said to be in a liquidity trap. The Federal
Reserve would like to increase economic activity to
bring the economy out of recession but it can’t because its primary tool, printing more money, is no
longer effective.

245
Q

Zero Lower Bound and the liquidity trap

A

When the economy reaches the Zero Lower Bound,
printing money no longer increases liquidity. If the
economy reaches the Zero Lower Bound during a recession, it is said to be in a liquidity trap. The Federal
Reserve would like to increase economic activity to
bring the economy out of recession but it can’t because its primary tool, printing more money, is no
longer effective.

In the 1930s, most of the world’s economies were
mired in a liquidity trap. The massive government
borrowing which accompanied World War II brought
the world out of the liquidity trap. For another six
decades, there were no major liquidity traps anywhere.

In 1998, however, the Japanese economy hit the Zero Lower Bound following the collapse of their stock
and real estate markets. The Japanese economy
become ensnared in a liquidity trap. The Bank of
Japan, Japan’s equivalent of the Fed, attempted to
rescue the economy by printing more money. However,
the printing had no effect. One Japanese economist
joked that the only consumer durables—that is,
manufactured goods—that were selling well in Japan
were safes for holding all the extra cash that the
Japanese Central Bank was printing.

When the Great Recession began in the United States,
some economists, including Paul, recognized the
similarity to the Japanese situation. Ben Bernanke, the
Chairman of the Federal Reserve, knew the Japanese
situation well. He was aware that there was only a very
small chance that he would be able to turn around the
United States economy before it hit the liquidity trap.
Bernanke responded by printing money aggressively.
Economists and other commentators who were not
familiar with Japan’s experience became frightened
that he would cause extreme inflation. However, just
as in Japan’s case, most of the money sat in banks and
did not circulate in the wider economy.

There were huge increase in the money supply but only a very small increase in prices.
Bernanke’s efforts had helped slow the economic collapse, but the shock the financial system experienced
was too great to be overcome entirely. Like Japan the
United States found itself in a liquidity trap.

246
Q

The 2007 downturn

A

Those pundits
might be highly intelligent and well-trained, but they
are not experienced macroeconomists. Even if macroeconomists are able to convince politicians that more
spending can help the economy, there is immediately
a political fight over what the money is spent on and
where.

Politicians have a natural incentive to fight for
their district and the projects that they personally believe in, even if that spending is not the most effective
during a recession.
Despite the difficulties, however, the United States
did enact a stimulus plan in 2009. Known as the
American Recovery and Reinvestment Act, the stimulus contained approximately $288 billion in tax cuts
and $499 billion in spending. That plan, combined
with Bernanke’s efforts, prevented the United States
from repeating the Great Depression. Though it wasn’t
strong enough to avoid the liquidity trap completely,
it was able to alter the economy’s trajectory.
When the Great Recession first began in 2007, it was
following nearly exactly the same track as the Great
Depression. Yet, by early 2010, the descent leveled
off. The unemployment rate peaked at 10 percent in
October of 2009 and hovered around 9.9 percent until
April of 2010, when it dropped to 9.6 percent. From
there it began a downward trend that so far has lasted through the summer of 2018.

The downturn was
difficult, but for the United States, it didn’t approach
the depths that occurred during the Great Depression.
Stimulus only works if it leads to an increase in the
budget deficit. The budget deficit is the difference
between how much the government spends and how
much revenue it takes in taxes. Either spending increases or tax cuts will expand the budget deficit
and can stimulate the economy. However, if the government increases spending, but increases taxes to pay for that spending, there will be little net stimulus. Likewise, if the government decreases taxes but decreases spending to balance the budget, there will
be little, if any, net stimulus.

247
Q

The US borrows on its own currency

A

Most people think of the budget deficit as bad. It’s
worth asking, though, why exactly that’s so. There
are two basic reasons, neither of which applies when
a country like the United States is in a liquidity trap.
The first reason is that in normal times when the government borrows money, that leaves less money available for households and businesses who also need to
borrow.
If the government borrows too much it will
crowd-out that private spending. In a liquidity trap,
however, money is piling up with no one borrowing.
Thus the government is not crowding anyone out. The
second reason is that if the debt grows too large, a
country may find it difficult to pay back.

This can be
a problem for less developed countries but it is not a
problem for an industrialized, well-developed nation
like the United States.
Unlike developing countries, the United States borrows in its own currency, which means that the Fed
can simply print dollars to pay off the debt if it’s absolutely necessary. This option reduces the fear of US
bondholders because it means that the United States
government will not one day default simply because
it cannot come up with the money to pay back their
loans, and makes bondholders more willing to lend to
the US at low interest rates. Low interest rates make
it possible for the United States to repay even a very
large debt.

248
Q

History of inequality

A

Over the last several decades a large portion of the
economics gains in wealthy countries have gone to
a small minority of the population. Paul, like many
economists, considers this to be one of the biggest
economic challenges facing us today. When Paul grew
up during the 1950s and 1960s, the United States
income was much more evenly distributed. During the
1970s and 1980s, that began to change. Income gains
at the top especially the top 1 percent, outpaced the
rest of the country.

Meanwhile income for the middle
class percent stagnated.
This gap has created a society that is far more stratified by income than the one that existed 50 years
ago. Paul credits this increase in stratification for the
increase in economic anxiety that we have seen over
the same period.
Before World War II, income inequality in the United
States was roughly equivalent to where it is today.

During and after World War II, income inequality fell
rapidly and drastically. It stayed at this low level until
about the 1970s, when inequality began rising again
(see figure 1).

249
Q

Wealth inequality v Income inequality

A

It can be easy to confuse income inequality with
wealth inequality. Income represents how much you
earn in a given year both from work and from the
yearly return on your investments. Wealth is your total net worth. The income inequality that existed prior to
World War II was largely caused by wealth inequality. Some families had large fortunes which produced
large returns every year.
The income inequality that we have today mostly
comes from wide differences in salaries.

At the very
extreme are C-suite executives who have seen their average compensation grow nearly tenfold between
1960 and 2010. College-educated workers in general
have fared far better than average, seeing their wages
nearly double over that same period. By comparison,
workers with less than a high school diploma have
seen no growth in real wages over that same period.

That income inequality from salary differences is
beginning to lead to income inequality from wealth
differences. Few high income people spend all of what
they make in a year. Over time, that built up savings
produces vast wealth that will eventually pass onto
their children (see figure 2).

Rising inequality tends to have disproportionately
strong impact on people who are not white. One
theory for why America tends to have less economic
redistribution to reduce inequality than Europe is that
many white voters do not see these policies as helping people who are like them. Instead they see them
as taking away from their community and giving to
another community.
Most economic crises tend to drive down income
inequality. This happens because stock market collapses not only bring down the wealth of the richest
Americans but because CEOs of public corporations
and financial executives are often paid based on the
performance of the market. The last crisis, however,
was concentrated in the housing market. The most
valuable asset that most middle class people own is
their home. Therefore, the crisis hit the middle class
much harder than previous crises. It has also meant
that many middle class families have not yet recovered from their loss in wealth.

250
Q

Taxes and aging

A

The issue of taxes is highly contentious. Although
they are a major political issue, they are a less significant determinant of economic growth than is often
assumed. History has shown that countries like the
United States can do very well under a variety of different tax schemes. Indeed, the best period of growth
in US history came just after World War II, when taxes
were among the highest we have experienced in our
nation’s history. The US tax code is overly complex in
many ways, but not so much that it threatens economic growth.

The United States also collects less in
taxes than do most other developed countries, such
as France, Denmark, or Germany. These countries
with higher tax rates are nonetheless prosperous,
well-functioning economies, so the first question one
should ask when designing a tax system is not how
high taxes should be, but what services should the
government provide and how best can we pay for
them.

Polls suggest that most Americans want to keep or
expand our three most important safety net programs: Social Security, Medicare, and Medicaid. Social
Security and Medicare are targeted specifically to
the elderly. Medicaid covers low-income Americans
of all ages, but spends disproportionately more on
the elderly because the elderly have higher health
care needs.

251
Q

Raising our taxes

A

Our society is aging. This implies that our social safety
net programs will face increasing costs in the years to come. To pay for them, many economists believe we
will have to raise taxes. Some of that can come from
taxing the wealthy. The marginal tax rate—the rate
on the last dollar of income—of the wealthy is around 55 percent, when federal, state, and local taxes are
combined.

Considering that a country like Denmark has taxes
amounting to more than half the country’s income,
Paul suspects that the United States could raise its
taxes on the rich without worrying about any effects
on the economy. We could probably raise our corporate tax rate as well. Though those two things together will help fund our future safety net, Paul notes that
it’s just a start. We will probably have to enact very
broad-based taxes like a Value Added Tax, or VAT.

252
Q

Supply side economics

A

Paul contrasts this to an opposing position, often
called supply-side economics, which suggests the government can actually cause a large sustained increase
in growth by cutting taxes.

It’s called supply-side economics because it focuses on what the government
can do to increase the overall supply of goods and
services that are created in the economy. Supply-side
economics was first applied under President Reagan in
the 1980s. Conservatives credited tax cuts for the rapid recovery of 1982-4, although this probably mainly
reflected monetary policy. President Clinton, however, raised taxes in the early 1990s and the economy
experienced an even bigger boom. George W. Bush
then cut taxes again in the early 2000s and there
was hardly any boom.

President Obama raised taxes again in 2013 and it seemed to have no effect on the
economy at all. From these historical episodes many
economists, including Paul, have concluded that taxes
probably just don’t matter that much (see figure 1).
In 2017, President Trump signed a major tax cut, a
feature of which was an attempt to make the US
corporate tax more internationally competitive. The idea was that if US corporate taxes were lower, investors around the world would be more likely to build
factories and other facilities in the US. This would
provide more high-wage jobs for US workers within
the States.

Paul and other Democratic economists have argued
that while the theory behind these cuts may sound
persuasive, it’s not supported by evidence. When other countries have tried similar tax cuts they have found only limited amounts of new investments, which take decades to fully materialize.

253
Q

The changing economy

A

Today our economy is transitioning to one based
mainly on services. Health services, such as nursing,
are among the fastest growing occupations. These
shifts in our economy, from agriculture to manufacturing and from manufacturing to services can be extremely difficult for workers who began their career in one era but find the economy shifting to another
era before they retire.

Overall, though, our economy
is seeing higher average incomes and increased productivity, despite the pains of transition.
It’s easy to look at the job losses in manufacturing
and wonder what will happen if and when automation comes to services. Paul uses a hotdog analogy
to point out that what we are seeing is not job destruction but job re-balancing.

Manufacturing is losing
jobs and services are gaining jobs for the same reason.
Technological progress in manufacturing is faster than
technological progress in services (see figure 1).
If the automotive industry had not declined in employment, then we would currently be producing more
cars than we have drivers. If nursing had not expanded
in employment, then finding care for the sick and elderly would be even harder than it is today. If labor
productivity in the nursing sector were to take off,
then families would see their medical costs fall and
may use the savings to buy an extra vehicle just for
recreation. In that case, we would have both more
automobiles and greater access to health care. We
would be wealthier overall (see figure 2).

Manufacturing technology is progressing so rapidly
though, it is unlikely that we will ever rebalance back
to the type of economy we had in the 1950s. When
you do the actual math, an economy that heavily focused on manufacturing would mean not only multiple
cars per driver but dozens of TVs for every family and
more furniture than you could even fit in the typical
house.
Therefore, it’s unlikely we will ever turn the clock all
the way back. That means significant pain as the
economy evolves, but in the long run it means more
prosperity as well.

254
Q

Health care is the fastest growing segment

A

Health care is one of the largest and fastest growing
segments of the US economy. It’s common for people
to think of their local economy as dominated by the
industries that have historically been unique to that location. For example, in West Virginia most people
think of their economy as being dominated by coal
mining.

In reality, only around 3% of West Virginia’s workers
are in coal mining. In contrast, 15% are in health care and social assistance. Whereas in the past, the canonical middle class job in America may have been
some type of factory worker, today the most common
middle class job in America is some version of nursing. In the coming decades, getting the economics of
health care right will be central to the health of the
entire economy

255
Q

Private healthcare doesn’t work

A

Private health insurance markets are inherently vulnerable to collapse. In any given year, roughly 5% of
people are responsible for roughly 50% of all health
care costs. When a private insurer decides how much
to charge for premiums, it has to figure out what its
average customer is going to spend on health care
that year.

If the insurance company charges too low of a premium, it will not be able to cover the costs. If it charges
too much, however, healthy people will decide to cancel their policies. When that happens, the percentage
of insurance company’s customers who are sickly will
go up and so will the average cost per patient. If that
happens, the insurance company may still not take in
enough in premiums to cover costs. This can create a
death spiral (see figure 1).
If the insurance company again raises their premiums
to cover their increased average costs, even more patients will cancel their policies, driving average costs even higher.

This process continues until only the
sickest patients are willing to pay for insurance. To
cover the cost, the premiums on that insurance will be
at least equal to the cost of treating those patients.
Making it virtually unaffordable (see figure 2).
Private health insurance suffers from two other problems as well. The first is asymmetric information.
Consumers know more about their health than insurance companies do. This gives people an incentive to
lie to insurance companies and tell them that they
are more healthy than they actually are. In response,
insurance companies employ investigators to not only
research potential customers before they sign up, but
to question the validity of an insurance claim once it’s
filed.

This arms race between customers and insurance companies over the disclosure of pre-existing
conditions leads to enormous frustration and losses on both sides. The second problem is moral hazard.
Once people have insurance it is in both their interest
and their doctor’s interest to buy any procedure even
if it only has the slightest chance of working. Paul
argues that these two factors are one reason why
health care costs in the United States are higher than
they are in most of the developed world.

256
Q

Healthcare and econ

A

There are essentially three ways to provide universal
health care. The first is for government to provide
healthcare directly under: “socialized medicine”. In this
case, all hospitals would be owned by the government
and all doctors and nurses would be government employees. The United Kingdom’s National Health Service, or NHS, is an example of this type of system. Over
time, it has proven to be one of the most cost effective
systems.

However, both doctors and patients have less choice in the range of treatments and procedures that are available to them. The second solution is to have a
single-payer system, like Canada.

Under a single-payer
system, the government provides health insurance for
everyone, but doctor’s offices and hospitals are still
private businesses or nonprofits. This type of system
allows people more choice between doctors and hospitals with different approaches to care, but it also costs
more than socialized medicine. The third system is to
allow private insurance companies but regulate them
and mandate that everyone purchase some type of
health insurance. Switzerland has regulated health insurance and the recently-passed Affordable Care Act
is an attempt to build a mandated health insurance
system in the United States.
Regulated health insurance systems allow for the most
consumer choice, but they are also the most expensive. Every country, including the United States, with
a regulated health insurance system uses subsidies to
help lower income people afford to pay for insurance.
Perhaps surprisingly, moving the United States towards
a regulated health insurance system added relatively
little to the United States’s overall health expenditures.
Even though around 20 million people gained coverage.
Insuring those people was relatively inexpensive because most of them were young people, who are much
cheaper to cover than the elderly covered by Medicare.

257
Q

Reform Healthcare

A

The real challenge in reforming the US healthcare system was overcoming our fear of change. The majority of Americans had health care even before the Affordable
Care Act. Most retired people had insurance through
Medicare. Most working, middle, and upper-class
Americans had insurance through their employer. Those
Americans at or below the poverty line were eligible
for insurance through Medicaid.

Those with insurance
through their employers were worried that the new
system would not be as good as the old system. This
concern meant that Congress was unlikely to do anything that would get rid of the current employer-based
health care system.
Making major changes to any public program, like health
insurance, is a difficult undertaking. The existing system will only tolerate so much change at one time.

Trying to do too much at once can be counterproductive.
Nonetheless, health care reform is one area in which
many economists, like Paul, feel that the most important
work is yet to be done. The Affordable Care Act took
the United States closer to universal coverage but still
left millions uninsured.

Paul stresses two lessons in trying to advocate for better health care. First, don’t let the best be the enemy of
the good. Even small improvements can change the lives of millions of people. Second, have hope. The fact that there are better health care systems out there means
that the US health care system can be improved.

258
Q

Economic Bias and Trade

A

Even today, economists might fail to mention
certain “inconvenient” aspects of their models, which
could be harmful to political causes they believe in.

You will often be able to get a fuller picture by reading
multiple economists with a diversity of viewpoints.
Ricardo’s theories are excellent at explaining why
trade occurs between countries which specialize in
very different types of products. Economists noticed
over time that there was also a lot of trade between
countries in products that looked very similar. Paul
was awarded the Nobel Prize for explaining this phenomenon using what has come to be known as “new
trade theory.” In his theory, trade was driven not only
by inherent differences in productivity, but by the fact
that economies of scale favored concentrating production in one place (see figure 5).

For example, before the Canada-US Auto Pact was
signed in 1965, there was very little trade in automobiles between the two countries. Canadians bought
cars made in Canada and Americans bought cars
made in the United States. Yet, the major automobile
manufacturers in Canada were the same as in the
United States: GM, Ford, and Chrysler. The Canadian
automobile industry, however, was significantly less
productive than the American. The smaller Canadian
market meant that assembly lines could not be dedicated to solely producing one model of car but had
to be shared between multiple models. Stopping the
assembly line and switching out the parts for the new
model cost time and labor.
After the auto agreement between Canada and the
United States went into effect, automobile manufacturers restructured the lines so that the factories in
Canada only specialized in building specific models for
the combined US-Canada market and the US factories
built other models (see figure 6).

This meant that trade expanded between Canada and
the United States in goods of the same type. Some car
models were made in America and shipped to Canada.
Other models were made in Canada and shipped to
America (see figure 7).
Ricardo’s theories would not have predicted this type
of development but Paul’s did. The experience of the
Canada-US Free Trade Agreement showed that trade
was not only driven by comparative advantage but by
the economies of scale that come from specialization.

259
Q

Globalization II

A

Steamships and railroads drove the original era of
globalization. These innovations lowered the cost of
physically transporting goods over long distances. The
major cost in transportation that remained was the
cost of sorting. When a ship arrived at port or when
a train pulled into its station, workers had to spend
an enormous amount of time carefully sorting each
bag, barrel, or crate, and ensuring that it went to its
intended destination.
The development of the shipping container changed
all of that. Container ships are now loaded with standardized shipping containers.

Those containers are
placed on standardized railroad cars and they match
exactly the specification for a tractor trailer. They also
each have their own specific barcode. Sorting a container is as simple as scanning the barcode and seeing
which railroad car or tractor trailer is scheduled to carry it on the next leg of its journey. This phenomenon
has been the largest driving force in making complex
trade patterns between distant nations possible.

That revolution has made the United States much
wealthier. Mass production of the iPhone would not be
possible without complex supply chains linking China,
South Korea, Taiwan, and the United States. Still, there
are losers as well as winners associated with trade.
Trade has meant the disappearance of entire industries in garment factories from the United States.

Apparel manufacturing used to be heavily concentrated in New York City. Millions of otherwise low-skilled
workers could find work. Those labor-intensive jobs
have largely been shipped overseas, which means that
there is less demand for workers with little education
and fewer opportunities for unskilled laborers to find
work than in the past. Falling demand for low skilled
workers leads to falling or at best stagnant wages. In
this way, the effects of trade largely mirror the effects
of technological change. They make the entire country
more wealthy on the whole, but can have devastating
impacts for particular communities.

260
Q

Globalization III

A

When economists attempt to measure the overall
impact of trade, they use a process called factor content analysis. They imagine that instead of importing
textiles from a country like Bangladesh, the textile
workers themselves immigrate to the United States.

Then, instead of building and exporting passenger jets
to the rest of the world, they imagine that the engineers who make those jets emigrate to other countries. Then they consider how the addition of more
textile workers would affect the wages of US textile
workers. In general, we would expect an increase in
the supply of textile workers to lower the wages for
those workers. Next, they consider how the loss of
engineers would affect the wages of US engineers.
In general, we would expect a decrease in the supply
of engineers to raise the wages for engineers (see
figure 1). After performing these calculations, economists find
that trade is a significant contributor to the rise
in inequality, but it is not the primary contributor.

Technological change, politics, and cultural shifts are
far more powerful factors.
Trade has a more powerful effect on our trading partners, particularly our least developed trading partners.
The United States is an advanced economy with the
ability to produce lots of different things. Bangladesh,
on the other hand, is a very poor country with limited
capability. The low wages in Bangladesh, however,
do mean that workers there can be competitive in
labor-intensive industries like garment manufacturing.
Even those sweatshops that pay low wages and have
horrible working conditions (by our standards) provide
the same type of opportunity for Bangladeshis that
they did for garment workers in New York City a hundred years ago. Without that backstop, Bangladesh
would be even poorer than it is today.

261
Q

Globalization IV

A

This complex pattern of winners and losers is summed
by a graph called the Elephant Chart, created by
contemporary development and inequality economist
Branko Milanović. The Elephant Chart shows us that
when we consider the effect of trade on the entire
human population, four distinct groups emerge (see
figure 2).

First, there are the poorest people in the world, most
living in Sub-Saharan Africa, who are not as of yet part
of the global economy. Their prospects have changed
little in spite of globalization. Second, there is a massive portion of the human population living in China
and the Pacific Rim who have seen an enormous rise
in their living standards. They are not up to American
levels yet, but their situation has enormously improved since the 1980s. Third is the working class in
the United States, Europe, and Japan. They are still
wealthier than most people in China, however, they’ve
seen little improvement and in some cases an outright
decline in their standard of living. Lastly, there is the
educated elite in the United States, Europe, and
Japan.

They’ve seen percentage gains in income nearly as large as people living in China. This complex story surrounding trade creates
high international tensions. However, it’s important to remember that trade is only one of the
factors creating income inequality in the United
States, but it is the dominant factor changing
the lives of people in China and the Pacific Rim.

262
Q

China’s Surge

A

The economic growth that China has experienced over
the last 30 years has astounded economists. In no
other place, at no other time, have so many people
been brought out of the depths of poverty into the
global middle class.
The rise of Chinese exports, especially after 2000,
caused shock to the US economy that economists refer to as the “China Shock.”

The US had to adjust to
rapidly changing patterns of trade as some industries
moved to China and new industries were born. That
shock faded by around 2010.
Attempting to restrict trade with China would create
a second shock. It’s important to remember that the
economic hardship from the China Shock came not
from trade itself, but from the need to rapidly adjust
to new patterns of trade. Reducing trade with China
will mean having to re-adjust again. Increasing taxes
on the imports of materials used in manufacturing,
such as steel and aluminum, is particularly destructive.

Doing so benefits US steelmakers, but at the
expense of US automotive and appliance manufacturing. Economic estimates suggest that the jobs lost
in automotive and appliance manufacture will exceed
those gained in steel (see figure 1).

Politicians in the United States have made a big deal
about the trade deficit that the US runs with China.
That figure, however, is misleading for several reasons.
First, the US runs a bilateral trade deficit with China
of $375 billion. That sounds like a lot, but is less than
2% of our approximately $20 trillion economy. Second,
even that figure of $375 billion is an overestimate.

The Chinese economy specializes in assembling goods
from components made elsewhere. For example, iPhones are assembled in China but the microprocessors
come from South Korea. This implies that a lot of the
value of the imports we receive from China really were
manufactured elsewhere, and should be counted as
imports from those countries instead of China. Lastly,
what remaining trade deficit we do have with China
mostly represents the fact that the Chinese are investing more in America than we are in China.

Paul argues that those concerned about inequality
in the United States and Europe should focus on domestic policies rather than trade. The one issue with
China that bothers Paul the most is its government’s
lack of respect for intellectual property rights. The
Chinese government not only permits but encourages its companies to use foreign technology or copy
foreign books and movies without paying copyright
and patent fees.

263
Q

Localization is a self reinforcing project

A

Along with new trade theory, one of Paul’s greatest
contributions to economics was in the area of economic geography.

He understood long before most
economists that increases in communication technology could lead to the rise of very large cities and the
decline of small towns.
When businesses decide on locations, they face two
major considerations. The first consideration is being
close to their customers and their suppliers. If it is
expensive to transport goods, then manufacturers will
find it advantageous to locate somewhere in between
the two.

In that way, they lower the transportation
costs for acquiring raw material and shipping final
goods to customers. These considerations helped
drive the development of many of the manufacturing
centers around the Great Lakes in the late 19th and
early 20th centuries. Resources shipped in from the American heartland turned into output sent to the
Eastern Seaboard.
The second consideration is what the great Victorian
economist Alfred Marshall called “immaterial factors.”
Marshall pointed out that what might be considered
the “mysteries of the trade” are no mystery at all when
you live in a town dominated by an industry.

Casual
conversation at the bar or the cafe will tend towards
the town’s main industry. It becomes easy to learn the
important elements of doing business simply by being
in the right place, among the right people.
Paul realized that as the costs of transportation fell,
the advantages of an industry cluster can rise. This
leads to a snowball effect that overwhelms other considerations (see figure 1)

Silicon Valley for example, has a natural advantage
in growing apricots. The weather and soil are nearly
ideal for apricot trees. Large groves used to cover
Silicon Valley before the 1950s. Agglomeration effects, however, would soon overpower this natural
advantage. During World War II, the US Navy used
the San Francisco Bay for research into new technologies, especially radar navigation and long range
radio communication.

This brought engineers in radio
communication to the area. In 1956, William Shockley
won the Nobel Prize for his development of the semiconductor. That same year, he moved to Palo Alto, a
town on the southwest end of the San Francisco Bay,
to be close to his ailing mother. Shockley recruited
other engineers from around the country to come
work with him—some of whom ended up breaking
off and founding a company that came to be known
as Fairchild Semiconductor. Their company was the
only one in the world at the time capable of making
transistors on a large scale.

264
Q

Economic geography should inform development

A

As the demand for electronics grew, engineers and
entrepreneurs moved to the San Francisco Bay Area
to be close to Fairchild and to take advantage of the
expertise of communications engineers in the area.
Palo Alto became a small hub for electronic communications. When the internet was developed in the early
1990s, technology experts and entrepreneurs moved
to Silicon Valley to be close to these technology experts. The commercial success of early internet firms
brought venture capitalists and other investors to the
area. This created an even bigger technology cluster which soon outgrew Palo Alto and came to cover
much of the San Francisco Bay Area.

Today, rather
than being the home of apricot groves, Silicon Valley
is a major international technology cluster.
As communication and transportation technology
expands, Paul predicts that economic growth will increasingly focus on big metropolitan areas. However,
land use restrictions in many major cities prevent the
influx of more people. Land prices in large cities can
be very expensive. The way to keep housing and rents
for businesses affordable is to build more residences
or offices on each plot of land. This is accomplished by
building high-rise buildings. Residents in San Francisco
and even New York have passed ordinances that limit
or in some cases forbid the building of high-rises over
many parts of the city.

This causes the price of housing to skyrocket and means that only the wealthiest
people are able to move to the city. Not only does this
make the city less affordable for those living there, but
it also makes the entire economy weaker, by slowing
the evolution towards megacities.
The flip-side of the growth of megacities is the decline
of medium and small-sized cities. Cities that were focused around a single industry were particularly hard
hit as manufacturing dwindled and employment opportunities vanished. The Great Lakes region was the
ideal place for manufacturers looking to lower transportation costs. However, it offers few opportunities
or amenities for high tech workers. In addition, many
of the communities were built around a single manufacturing industry.

That provided an advantage when
manufacturing employment was high. Workers in that
industry could share trade information. As manufacturing declined, however, the advantage of manufacturing towns disappeared. In pure economic terms, it
might be advantageous to close down the town and
move everyone to the expanding city. For those that
grew up in these towns, though, the decision is more
complex. It means leaving the only place they have
ever known and taking a risk in cities that are, because
of building restrictions, extremely expensive.

Dealing with the consequences of economic geography will be one of the major policy challenges affecting economics in the coming decades.

265
Q

HOW TO STAY INFORMED

A

Economics deals with subjects that are often the
source of intense academic and political debate.

Economists, like Paul, who are embroiled in that debate want to present their ideas in the most persuasive way possible. Nonetheless, Paul hopes that this
MasterClass will help you be a skeptical consumer of
those ideas and not let him or any other economic
commentator get away with logically unsound or factually unsupported arguments.
When reading any economic argument, first ask
whether all of the elements for a sound argument are
in place. That is, does the argument begin with a core
set of assumptions, provide evidence to support those
assumptions, and then expand on those assumptions
through a clear chain of logic all the way to its conclusions?

Surprisingly, you may find that much of what is
written even from some popular sources is little more
than a passionate series of assertions that might be
true, but are not shown to be true by the author. Once
you’re confident that all the elements are in place,
then you can ask yourself: Does the argument hang
together? This can be difficult and requires a degree
of mindfulness.
Even very intelligent readers are often taken in by an
argument that appeals to their own biases or makes
a complex problem seem easy to understand. For
example, lots of things are going on in the economy
at once. You can always find patterns that seem
to suggest that two phenomena are related when
in fact they are not. Economists call this “spurious
correlation.” Two phenomena are genuinely correlated
if they are related to each other in a systematic way. A
spurious correlation, however, is a pattern that arises
by pure chance.

To spot a spurious correlation, ask yourself if something else going on could explain this
same pattern. It’s often asserted that low-tax states
have faster rates of growth than high-tax states. Lowtax states, however, are located in the South where
winters are milder and housing is less expensive. Both of those factors have been big drivers behind growth rates for the last half century.

266
Q

LOOK FOR NATURAL EXPERIMENTS

A

Authors may also cherry pick their facts—meaning
he or she finds one particular source or one particular
time in history when a key fact that supports his or
her argument is true, but then ignores all of the other
instances when this fact is not true. If an author has
to pick an obscure or very out-of-date fact, then that
is a sign that he or she may be cherry-picking.
You can learn something about an author’s honesty
by looking at whether he or she has ever admitted
to an error. Economics is complex and predictions are
hard, especially about the future. That means that
from time to time, even the best economic analysts
will be wrong. The very best, however, will admit that
they were wrong, try to understand why they were
wrong, and incorporate that understanding into future
predictions

267
Q

Socrates

A

Greek, third century BCE

AREAS OF EXPERTISE: self-examination, the Socratic method
MAJOR WORKS: See “Plato”
INFLUENCED: Countless thinkers,
from Plato to Dr. Martin Luther
King Jr. and beyond
Socrates was an Athenian scholar and
founding figure of Western philosophy. His method of critical thinking
through rigorous student-teacher
debate—questioning society’s
assumptions and humanity’s deepest
urges—is now known as the Socratic
method, a cornerstone of modern
philosophical inquiry. According to
this principle, self-examination
reveals the truth about being human
and the path to happiness. He also
believed that the truth lies within the
individual and that searching for it in
popular opinion, history, or mysticism is futile. Socrates left behind no
written works; everything known
about his life comes from posthumous
 texts published by friends, former students, and fellow Sophists (or
teachers), including Plato, Xenophon,
and Plato’s student Aristotle (all of
whom are discussed in this section).
Each of these authors presents a different interpretation of Socrates,
causing scholars to question which
version is the most accurate. But his
outsize impact on Western philosophy is incontestable. “Socrates is a
figure that the Greeks call atopos,”
Cornel says. “Atopos means unclassifiable, unsubsumable. There’d never
be one label that fully accounts for
who he was.”
268
Q

— Cornel West

A
"I just want all of
us to recognize
the ways in which
philosophical
quests for truth,
goodness, and
beauty can be
noble adventures.”
269
Q

Plato

A
Greek, ca. 429–347 BCE
AREAS OF EXPERTISE: political
philosophy, ethics, materialism,
moral intellectualism, metaphysics
MAJOR WORKS: Phaedrus, Philebus,
Protagoras, Meno, The Republic,
Symposium, Theaetetus, Timaeus
INFLUENCED: Aristotle, Giambattista
Vico, David Deutsch
Like his mentor Socrates, Plato is
widely considered one of the most
important figures in Western philosophy—and human history. He’s
known for his theory of Forms,
wherein he rejected materialism (a
focus on earthly matters instead of
intellectual or spiritual ones) in
favor of metaphysics (a concern
with the fundamental nature of reality and being). Plato believed that all
things exist in an abstract form
that’s unchanging and idealized; his
theory suggests that objects and
ideas in the material world are copies of their perfect, if hypothetical,
counterparts. He founded the Hekademeia, which eventually became
the Akademia or Academy—an
institution of higher education that
was free and open to the public.
While it didn’t have formalized
teachers and students, many scholars consider it an early archetype of
the Western education system.
270
Q
Greek, 384–322 BCE
AREAS OF EXPERTISE: metaphysics,
ethics, free will, literary criticism
MAJOR WORKS: Nicomachean Ethics,
Politics, Metaphysics, Poetics,
On the Soul
INFLUENCED: Ptolemy, Immanuel
Kant, Karl Marx, Friedrich Nietzsche
A star pupil of Plato’s, Aristotle went
on to found his own school, called
Lyceum. His lectures and published
works explore a number of ideas:
happiness as the primary goal in
human life, the notion that all people
should express interest in the polis
(community), the value of drama,
and the definition of the soul. He
famously tutored Alexander the
Great, the Macedonian ruler who
amassed the antiquity’s largest
empire, and was among the first philosophers to espouse free will—the
idea that human beings have the
power of self-determination. While
exploring the mechanics of reality,
Aristotle laid foundations of thought
that remain hugely important to
Western institutions and religions.
Throughout his career, he collected
and simplified the theories of his
predecessors, contributing to philosophical work in nearly every aspect
of classical Greek culture.
A

Aristotle

271
Q
Xenophon
Greek, ca. 430–354 BCE
AREAS OF EXPERTISE: military history, horsemanship, politics, ethics
MAJOR WORKS: Anabasis,
Cyropaedia, Hellenica, Agesilaus,
Polity of the Lacedaemonians,
Apology of Socrates to the Jury
INFLUENCED: Zeno of Citium,
Niccolò Machiavelli, Michel de
Montaigne, Jean-Jacques Rousseau
A

Along with Plato and Aristotle,
Xenophon was a chief chronicler of
the life and mind of Socrates, whom
he knew as both a friend and a
teacher. Xenophon was also a military leader celebrated for his contributions to the study of history,
including vivid accounts of wars in which he fought. The wealthy Athenian’s technical treatises covered
horsemanship, combat strategy,
hunting, and civil government, and
he explored the question of how to
sustain a moral life. But his legacy has
more to do with historiography than
his relatively modest philosophical
innovations. Xenophon and Plato
offered divergent depictions of Socrates, which has puzzled scholars for
millennia. The contrast is most conspicuous around the trial of Socrates
before the Athenian authorities, after
which the elder philosopher was condemned to death. According to Xenophon, Socrates intentionally did not
prepare an adequate defense, accepting his fate to make a point about the
importance of ethical behavior.

272
Q
Thomas Hobbes
British, 1588–1679
AREA OF EXPERTISE: political theory
MAJOR WORKS: Leviathan;
Behemoth; The Elements of Law,
Natural and Politic
INFLUENCED: Gottfried Wilhelm
Leibniz, Immanuel Kant
A
Emerging after the Middle Ages, a
period defined by dogmatic thinkers
like Italy’s Thomas Aquinas, Hobbes
wrote on topics that would dominate
early modern European discourse:
liberty, natural rights, human nature,
and civil law. His novel view of politics began with what’s known as the
state of nature, or the natural condition of human beings prior to the rise
of governments. Under natural law, 
Hobbes theorized, everyone has an
equal right to everything, begetting
an inevitable condition of warring
among humans for self-preservation.
To avoid the constant risk of violent
death, people developed a social
contract—a widespread agreement
to abide by a given set of rules or
laws, forming the basis of civil society. Hobbes’s conceptual approach
would play a crucial role in the development of thought during the
Enlightenment (see: “Spinoza,” this
page; “Kant,” page 11).
273
Q

René Descartes

A
French, 1596–1650
AREAS OF EXPERTISE: mathematics,
modern rationalism, metaphysics,
physical science
MAJOR WORKS: Discourse on the
Method of Rightly Conducting One’s
Reason and of Seeking Truth in the
Sciences, Meditations on First Philosophy, Principles of Philosophy, The
Passions of the Soul
INFLUENCED: Sir Isaac Newton,
Gottfried Wilhelm Leibniz, JeanJacques Rousseau
Descartes helped establish multiple
principles of philosophy, including
modern rationalism—a modality
that champions reason and intuition,
sometimes in opposition to experience (although some scholars argue
that this opposition oversimplifies
both rationalism and empiricism).
He developed a synthesis of algebra
and geometry known as analytic
geometry, which is sometimes
referred to as Cartesian geometry,
and the Cartesian coordinate sysem, a method of locating points on
a graph that remains in wide use
today. A devout Roman Catholic, he
274
Q

Baruch Spinoza

A
Dutch, 1632–1677
AREAS OF EXPERTISE: rational
thought, determinism, moral
relativism
MAJOR WORKS
\: Ethics, Political
Treatise, Theological-Political
Treatise
INFLUENCED: John Locke, Sigmund
Freud, Albert Einstein
Along with Descartes and the German thinker Gottfried Wilhelm
Leibniz, Spinoza is considered one
of the first rationalist philosophers.
The Dutch Hebrew scholar argued
that free will is an illusion and
believed in God’s existence within
the context of pantheism—a doc
-
trine stating that God is identical to
the cosmos. Spinoza was heavily
influenced by Aristotle and the
Greek Stoics (who took perception
to be the basis of true knowledge),
and he rejected notions of good and
evil found in Judaism and Christianity, positing that these values aren’t
intrinsic and absolute but instead
relative and limited by human
understanding. In 1656, religious
authorities in Amsterdam issued
Spinoza a writ of herem, a formal
complaint that effectively banned
him from the Jewish community,
alleging atheism and “abominable
heresies.” Nevertheless, his philosophy proved influential in the Enlightenment—a movement of the seventeenth and eighteenth centuries that
championed science and logic over
tradition and religion—and beyond
275
Q

John Locke

A
British, 1632–1677
AREAS OF EXPERTISE: political
liberalism, human rights, intellectual
liberty
MAJOR WORKS: The Second Treatise
of Government, A Letter Concerning
Toleration, An Essay Concerning
Human Understanding, Some
Thoughts Concerning Education
INFLUENCED: David Hume,
Jean-Jacques Rousseau
This physician and philosopher
gained recognition for his foundational ideas about political liberalism—that humans should live as
they please within a culture of
agreed-upon rules. His writing was
crucial to the development of ideas
around liberty, natural rights, the
social contract, religious tolerance,
and the right of revolution. Locke
also took on civil and human rights,
the separation of powers, and republicanism—a philosophy of limited
government with elected representatives serving at the will of the people
and a division between church and
state. In addition to political thought,
he’s known for his work in epistemology, or the study of knowledge.
This helped form the foundation of
empiricism: the notion that human
beings are born with no knowledge
and everything we learn comes from
our experience of an external world.
276
Q

Giambattista Vico

A
Italian, 1668–1744
AREAS OF EXPERTISE: humanism,
science, philology
MAJOR WORK: The New Science
INFLUENCED: James Joyce,
R.G. Collingwood
Vico lived and worked during the Italian Enlightenment, which, by way of
economic, judicial, political, and
social reforms, signaled the shifting of
popular thought in Europe. His signature text, The New Science, includes
discussion of humando, a term Cornel discusses extensively. Vico
endorsed classical Greek and Roman
philosophers; during speeches at the
University of Naples, he criticized
Cartesian rationalism (see: “Descartes,” page 10) and offered a
humanistic alternative. He sought to
synthesize the philosophy of history,
philology (the theory of language),
jurisprudence (legal theory), and the
humanities into a single social science.
Vico believed that all races and nationalities share a universal common
sense, which can be unearthed by
studying what he called ideal eternal
history. This work, and Vico’s quest
to articulate universal laws of human
nature, received only moderate regard
during his lifetime but gained traction
in the nineteenth century.
277
Q

Immanuel Kant

A
German, 1724–1804
AREAS OF EXPERTISE: critical thinking, metaphysics, morality, natural
science, pragmatism
MAJOR WORKS: The Critique of Pure
Reason, Prolegomena to Any Future
Metaphysics, Answer to the Question:
What Is Enlightenment?, Groundwork of the Metaphysics of Morals,
The Critique of Practical Reason
INFLUENCED: Karl Marx, Friedrich
Nietzsche, Jean-Paul Sartre, Hannah
Arendt, Ayn Rand
Another crucial figure of the Age of
Enlightenment, Kant is widely studied due to his work on ethics (cultural rules regarding what is
believed to be right and wrong) and
metaphysics. He sought to expand
the relevance of his philosophical
ideas so that human nature, rightness, and moral duty would be as
measurable as physics. Kant vehemently disagreed with Aristotle’s
idea of eudaemonism—a theory
suggesting that happiness and personal well-being are the highest ethical goals—and opposed using virtue as a fundamental ethical
category. While Aristotle focused on
the development of the individual,
which, in turn, would benefit society
as a whole, Kant’s approach was
duty-based: He argued that there
are certain binding duties we have
as human beings. Many scholars
saw his work on ethical theory as a
new way of considering rationality
and morals. For Kant, morality was
the product of what he called pure
practical reason.
278
Q

Edmund Burke

A
British, 1729–1797
AREAS OF EXPERTISE: economics,
conservatism, religion
MAJOR WORKS:
A Vindication of
Natural Society, A Philosophical
Enquiry Into the Origin of Our Ideas
of the Sublime and Beautiful, Conciliation With America, Reflections on
the Revolution in France, Letters on a
Regicide Peace
INFLUENCED: Friedrich Hayek,
Karl Popper
This philosopher, economist, and
political thinker inspired heated
debates in his lifetime, particularly 
through his books Reflections on the
Revolution in France and A Philosophical Enquiry Into the Origin of Our
Ideas of the Sublime and Beautiful.
Burke’s political life was rooted in
London, where he served as a member of the House of Commons, a
major legislative body. He belonged
to the Whig Party, which was considered comparatively left-wing among
England’s political parties at the time.
Burke’s advocacy for the institutions
of church and family, however, as well
as his skepticism toward taxation
and the French Revolution, have led
some political thinkers to see him as
the father of modern conservatism.
(Cornel acknowledges him as “one of
the great conservative thinkers.”)
279
Q

Ralph Waldo Emerson

A

American, 1803–1882
AREAS OF EXPERTISE: transcendentalism, poetry, spirituality
MAJOR WORKS: Concord Hymn,
Essays: First Series, Self-Reliance,
Uriel, English Traits, Brahma, The
Conduct of Life
INFLUENCED: William Ellery Channing, Bronson Alcott, Margaret
Fuller, Henry David Thoreau
A poet, essayist, and naturalist,
Emerson was a key figure during a
period in which American literature
came of age as an expression of the
national spirit. After a brief stint as a
junior pastor, Emerson left the ministry (he disagreed with its teachings) and traveled through Europe.
He was a proponent of transcendentalism, a philosophical movement
that encouraged self-reliance, an
appreciation for nature, and everyday spirituality. He was also a founding member of the Transcendental
Club, a group that eventually
included influential English-language writers like Margaret Fuller
and William Henry Channing. Cornel’s 1989 book, The American Evasion of Philosophy: A Genealogy of
Pragmatism begins with a rigorous
analysis of Emerson’s role in the rise
of American pragmatism (see:
“Kant,” page 11; “Royce,” this page).

280
Q

Friedrich Nietzsche

A
German, 1844–1900
AREAS OF EXPERTISE: moral relativism, religion, pessimism
MAJOR WORKS: The Gay Science,
Thus Spake Zarathustra, Beyond
Good and Evil, The Will to Power
INFLUENCED: Rainer Maria Rilke,
Sigmund Freud, Walter Kaufmann,
Gilles Deleuze, Michel Foucault
This perennially controversial
thinker published books and essays
about religion, truth, and the human
condition. Nietzsche is often credited with establishing or advancing
concepts like perspectivism (the
notion that philosophers should recognize the effects of their individual
perspectives on their ideas), moral
relativism (the rejection of absolute
truths about moral behavior), eternal recurrence (the idea that all
existence repeats ad infinitum), the
Übermensch (an archetypal free
spirit focused on individual goals
and values), the will to power (the
desire to focus on knowledge and
overcoming one’s own limitations),
and nihilism (see page 17). In the
mid-1860s, Nietzsche discovered the
work of the notoriously pessimistic
German philosopher Arthur
Schopenhauer, whose book The
World as Will and Representation left
an indelible mark. In 1869, at the age
of twenty-five, Nietzsche became the
youngest professor of classical philology (in this context, the study of
how classical and biblical texts are
interpreted) at the University of Basel
in Switzerland. Decades after
Nietzsche’s death, propagandists of
Germany’s Nazi Party appropriated
elements of his work; scholars generally agree that this was a misuse of
his original concepts.
281
Q

Josiah Royce

A
American, 1855–1916
AREAS OF EXPERTISE: pragmatism,
ethics, metaphysics
MAJOR WORKS: The Religious Aspect
of Philosophy, The World and the
Individual, The Philosophy of
Loyalty, The Problem of Christianity
INFLUENCED: George Herbert Mead,
Norbert Wiener
Royce was an American philosopher
and historian who gained notoriety
for absolute idealism (the idea that
all of reality exists within a single
consciousness) and conceptualizing
the “Absolute Knower,” an infinite
mind and all-encompassing source
of true knowledge. Royce believed
human beings can experience absolute truth as part of a collective
being, and his reverence for loyalty
as humanity’s greatest virtue underpinned many of his philosophical
theories. While his early works were
largely concerned with the metaphysical, his later writings more
directly addressed the notion of
God and ethics. He critiqued the
individualistic teachings of organized religion—where confession,
penance, and material success
through personal effort signal an
individual’s state of grace—and
advocated instead for communal
participation as a method of connecting with the divine.
282
Q
A
British, 1861–1947
AREAS OF EXPERTISE: mathematics,
process philosophy, metaphysics,
ontology
MAJOR WORKS: The Concept of
Nature, Science and the Modern
World, Process and Reality: An Essay
in Cosmology
INFLUENCED: Charles Hartshorne,
John B. Cobb
This mathematician and philosopher’s work on the logic of pure
mathematics (the abstract science
of numbers, quantity, and space)
paved the way for modern-day contributions to algebra and metaphysics. He was a central figure of process philosophy, or process studies,
which posits that change, or the
“process of becoming,” drives the
universe. (Previous schools of
thought, like substance philosophy,
saw the universe as an unchanging
entity.) Whitehead’s reach extends
into the field of holistic medicine,
thanks to his theories on how emotional and environmental aspects of
human existence can affect an individual’s well-being. His most important work, Process and Reality: An
Essay in Cosmology, envisioned life as
a vast assembly of individual
moments, rather than as a continuous one, wherein all moments are
related to one another. Whitehead’s 1933 book, Adventures of Ideas, posited, in Cornel’s words, that “there’s
no novelty that is wholly novel”—a
concept comparable to that of sankofa (see page 16).
283
Q

W.E.B. Du Bois

A
American, 1868–1963
AREAS OF EXPERTISE: sociology,
double consciousness, race, socialism, communism, Pan-Africanism
MAJOR WORKS: The Philadelphia
Negro, The Souls of Black Folk, The
Quest of the Silver Fleece,
Encyclopedia Africana
INFLUENCED: Martin Luther King
Jr., Kwame Anthony Appiah
A trailblazing sociologist, activist,
author, and cofounder of America’s
National Association for the
Advancement of Colored People
(NAACP), Du Bois was a leading
scholarly voice for civil rights in the
early twentieth century. The first
Black person to receive a doctorate
from Harvard University in Cambridge, Massachusetts, he applied
cutting-edge social science studies
to the country’s marginalized Black
communities, culminating in the
essay “The Strivings of the Negro
People” for American magazine The
Atlantic Monthly in 1897. Du Bois
helped bring the term color line into
the popular vernacular and
advanced the idea of double consciousness, or “two-ness,” in his
landmark book The Souls of Black
Folk. The latter concept stated that
Black Americans viewed themselves
from two perspectives: their own,
and that of white people, who often
saw them with “contempt or pity.”
Du Bois was also a major figure in
the Niagara Movement, an organization of Black intellectuals that
called for full political, civil, and
social rights for all Black Americans.
284
Q

Antonio Gramsci

A
Gramsci, leader of the Italian Communist Party, hoped to oppose the
fascist movement of his day, liberate
the working class, and educate his
compatriots on social theory. He
spent his life enmeshed in the teachings of Karl Marx and Friedrich
Engels—the German philosophers
who authored The Communist Manifesto—expanding upon and critiquing
their tenets while remaining
ensconced in Marxism, the political
philosophy of the Russian Revolution. Soon after the rise of Italian fascist leader Benito Mussolini in the
1920s, Gramsci was imprisoned for
almost a decade; during that time, he
wrote more than three thousand
pages on a host of subjects related to
Marxism, politics, history, and culture. Gramsci believed the working
class shouldn’t rely on the inevitability of victory as predicted by Marx;
he advocated for ruthlessness (when
necessary), military training and
expertise, and a willingness to set
virtue aside. From these tactics, he
developed a practical-philosophical
archetype for resistance that he
called Modern Prince—a reference to
The Prince, Italian diplomat Niccolò
Machiavelli’s canonical 1532 work on
political power and manipulation.
285
Q

Simone Weil

A
AREAS OF EXPERTISE: social-political philosophy, religion, epistemology, colonialism, class, ethics
MAJOR WORKS: Gravity and Grace,
The Need for Roots, Waiting for God,
Letter to a Priest, Oppression and
Liberty
INFLUENCED: T.S. Eliot, Simone de
Beauvoir, Albert Camus, Simon
Leys, Robert Zaretsky
Weil dedicated her life to social justice and education. Born to a Jewish
family, she grew up in an agnostic
household, but throughout her life
she experienced numerous religious
revelations that drew her to the
Christian faith and influenced her
political and social endeavors. Her
work explored philosophy through
the human condition, emphasizing
that morality is an ingrained pillar
of humanity. Weil’s most notable
philosophical beliefs were paradoxical; her concept of “decreation,” for
example, defined the individual’s
purpose as to give up one’s existence. While she was relatively
obscure—and widely considered to
be a radical—during her life, many
of her social and political concepts
helped form the tenets of individualism and Christian anarchism
(the belief that Christians ultimately
answer only to God).
286
Q

Paideia

A

Dating back to the time
of Socrates, this method
of education aims to create a well-rounded citizenry—addressing mental, physical, social, and
moral improvement—
through the synthesis of different types of knowledge. Originally practiced by the ancient Greek aristocracy, paideiabased pedagogy combines the liberal arts (literature,
rhetoric, history, and philosophy) with science and arithmetic and physical activities like gymnastics and wrestling.
Early advocates posited that striving for individual
excellence would improve the community (or polis), thus
benefiting the common good. Unlike property or other
material goods, paideia was considered a value that
couldn’t be taken from the individual. Displays like the
Olympic Games, also developed in ancient Greece, spoke
to the idea of arête (“excellence”) that could be achieved
through paideia.
Modern-day philosophers like American educator Mortimer J. Adler, whose 1982 paper The Paideia Proposal criticized Western public educational systems, have offered the
Paideia Program as a means of reform. Adler believed that
all students should have access to the same quality education, which would set them up to be good citizens.
Cornel explains that paideia rests on three conceptual
pillars: the formation of attention, the cultivation of a critical sensibility, and maturation—the development of one’s
moral character. He suggests that following this process
toward the attainment of a “deep love of wisdom” will leave
us better prepared to face humanity’s gravest challenges.

287
Q

Sankofa

A

Cultivated through oral tradition by the Akan people of
Ghana, sankofa posits that one
should remember the past in
order to make positive progress. The word means “to
retrieve” in the Akan (Twi) language, and its philosophical
connotation is expanded upon
in this West African proverb: Se wo were fi na wosankofa a
yenkyi (“It is not taboo to go back and fetch what you forgot”). The power of sankofa comes from this central idea:
To know your history and heritage is to know your current
self, the world around you, and how to make improvements to both.
There are two main adinkra symbols associated with
this concept: a heart that curls inward and outward, and a
bird looking backward while carrying an egg in its mouth. People often fabricate the sankofa bird as a gold weight
and emblazon the heart shape onto artwork or their bodies as tattoos. The heart also appears on many gates in
America, especially in New York City.
In order to respond creatively to life’s challenges, Cornel
advises you to tap into some ancestral knowledge. “Without the best of our roots,” he says, “we cannot even think
about wise, courageous, visionary R-O-U-T-E-S. And by
routes, I mean our individual lives, our individual journeys
and pilgrimages, but also our collective lives.” To infuse
sankofa into other philosophical modes, Cornel believes, is
to embrace humility. No philosopher is self-made; we must
go back to the best in order to move forward.

288
Q

Nihilism

A

Existence is useless,
there is no truth, and
everything is meaningless. So say the adherents of nihilism, a philosophy bred in
nineteenth-century
Europe. While there are multiple interpretations of this
term, they all work around this premise of pervasive
futility. The modern-day version of the term comes from
the German nihilismus, which dates back to the eighteenth century. (The Latin word nihil means “nothing” or
“the absence of anything.”) The term is often associated
with German philosopher Friedrich Nietzsche (see page
13), who, in his seminal work The Gay Science, famously
wrote that “God is dead” (possibly borrowing from earlier German philosopher Georg Hegel).
The twentieth century produced several closely related
interpretations of nihilism. Epistemological nihilism states
that knowledge doesn’t exist (or is unattainable and therefore effectively nonexistent). Ethical nihilism, which ascribes
no value to the notion of shared codes of conduct, concludes
that there’s no reason to hold anyone to any ethical standard. Existential nihilism, the merits of which are debated in
French philosopher and writer Jean-Paul Sartre’s famed
1943 book, Being and Nothingness, expands meaninglessness
beyond the scope of human consciousness—everyone
everywhere, at every point, is of no value to the universe.
Other contemporary iterations include passive nihilism (nihilism is its own end, and there is no reason to pursue higher values) and political nihilism (nobody
should hold political views and, instead, should work
only to tear down political institutions). But for Cornel,
nihilism is the inability to give or receive love. The antidote, he says, is the transcendent power of music. (See
page 19 for more.)

289
Q

Kenosis

A

This concept, from the
Greek word kenoo,
meaning “emptied,”
connotes a clearing out
of the self for the sake
of a greater good.
Although it’s firmly
rooted in Christian theology, the term has philosophical
and artistic applications. The New Testament of the Bible
describes Jesus Christ becoming human: “who, as He
already existed in the form of God, did not consider
equality with God something to be grasped, / but emptied Himself by taking the form of a bond-servant and
being born in the likeness of men.” (Phil. 2:6–7; note the
use of emptied.)
Philosophically, the practice of kenosis (usually associated with a group of German theologians in the mid-nineteenth century) is about humbling oneself as a sign of sacrifice. In Cornel’s view, this applies to believers, atheists, and
everyone in between: “If I can engage in forms of self-emptying and self-giving and self-sacrificing and service, especially to those who have been rendered invisible, no matter
who they are, no matter what color, no matter what gender,
no matter what sexual orientation, no matter what national
identity, then that for me is a grand vision of greatness.”
Cornel points to a number of American artists and
musicians as exemplars of kenosis. American soul star
James Brown would play concerts that lasted several
hours and refuse to quit before honoring every song
request. American saxophonist John Coltrane’s style
could evoke the pure empathy of an artist who has surrendered his own identity. And American jazz singer Ella
Fitzgerald practiced kenosis through her exuberant performances, eternally prepared, Cornel says, “to do the
same thing the next night with the same willingness of
emptying herself as part of a great tradition of a people
who helped shape and mold her.”

290
Q

Humando

A

Questions of how we lay to rest
and grieve the dead, and how
we come to terms with our own
mortality, are the focus of this
philosophical premise. The
English word humanity is
rooted in the Latin humanitas,
which is derived from
humando, meaning “burying.”
Cornel believes that humando offers another way to look
at humility: “to be on the earth, tied to the earth, and to
recognize that no matter how smart, rich, mighty we are,
there are forces beyond our control.”
In his classic text The New Science, from 1725, the Italian humanist Giambattista Vico (see page 11) declares
that “[t]he second human institution is burial,” the first
being marriage. He goes on to draw the etymological connection between burial and human civilization, and to
suggest that “people’s souls do not die with their bodies,
but are immortal.”
Whether or not you believe in life after death, preparation for death can be a central concern of life, providing a
framework through which self-analysis is possible. Rituals
surrounding death can help us make sense of our finite
existence. Cornel explains, “Burial’s simply the way in
which the quick and the alive acknowledge the significance of those who are no longer quick and alive. So you
put them in burial. That’s the highest form of acknowledgment of their significance.”
Conversely, denial of these rites is a hallmark of colonial violence and systematic oppression—from the mass
genocide of Indigenous people in the Americas to the
enslavement of Africans throughout the globe to the Holocaust—that has been used to normalize the implied or
overt disposability of certain lives. “The dehumanization
of a people, the worst you could ever do, is to deprive the
dead bodies of burial,” Cornel says.

291
Q

“When crime and criminals are thrust before us, they are to be met by all the energies that God has given us – by argument, scorn, sarcasm, and denunciation.

We must confront them not only with the sword of justice but also with the powerful instruments of rhetoric and persuasion, ensuring that the light of truth shines brightly to dispel the darkness of wrongdoing.” -Sumner

A

“When crime and criminals are thrust before us, they are to be met by all the energies that God has given us – by argument, scorn, sarcasm, and denunciation.

We must confront them not only with the sword of justice but also with the powerful instruments of rhetoric and persuasion, ensuring that the light of truth shines brightly to dispel the darkness of wrongdoing.” -Sumner

292
Q

Always agree before you disagree.

A

Agree (Say “ I respect that” “I see why you say that” “That makes sense”)

Ask Questions (“Why do you think that?)

Use a change in frame to disagree. (This isn’t about that” )

293
Q

ICE Juice

A

Chuck trapped bobby using his own taste for vengeance against him. He had someone he had power over pretend to screw him over on the Ice Juice IPO to get Bobby to short the position. That way he could catch him on insider trading and poisoning the ice juice drinkers.

294
Q

Flank strategy

A

Ego is most people’s front. Don’t attack the front first unless there is a strategy or you’re sure to win. Attack their FLANK. is their weakness vice? Allies?

Lower their defenses and make them like you. Bait them to go further by seeming to agree with them. Let them go too far and make themselves look ridiculous.

Rhetoric is a frontal attack.

Napoleon would trick the enemy into advancing to far. He would then attack from his rear or flank to cut his supply lines/lines of retreat which couldn’t be ignored.

Never use a frontal attack when a flank will work.

To influence someone, first rid yourself of all prejudice.

295
Q

Annihilation strategy

A

Make people feel surrounded to make them panic.

Rockefeller- enveloped competition by building his own pipeline. Bought stock to stir deception. Started a price war. It seemed like he was everywhere and all knowing.

Use well timed attacks but not too many so the enemy knows you. Hitler was paranoid and Churchill used it to his advantage by making him think he could be attacked at anytime. He made a faint in the balkins that made Hitler think he was attacking stopping Hitler from sending reinforcements to Russia. and losing Hitler to Russia.

The impetus, violent or arrogant are easy to lure into envelopment.

296
Q

Agile/branching strategy

A

Always have a branching strategy.

Maneuvers to confuse your enemy. Get them to chase you in circles. Say the opposite of what you mean to do. Threaten one area while shooting for another. Create maximum disorder.

Don’t crowd yourself with alliances that force your hand. Don’t take positions that box you into corners. Don’t commit yourself to defending one fixed position. Don’t loose the power of maneuvers.

Never seek battle for its own sake. Trick your opponent into leaving the bar where they will be locked out.

297
Q

Negotiate

A

Negotiate while advancing. Negotiate while you have the upper hand. Negotiation is about manuring for power or placement. It’s war by other means.

Put yourself at your strongest before a negotiation. When you’re weak, use negotiations to buy yourself time or maneuvers. When you’re strong, take as much as you can and give back some of what you took.

Always have an exit strategy going in.

298
Q

Lyndon B Johnson

A

Lyndon B Johnson won the election and went back and won over his opponents by charm, concessions and meaningful gestures. He met everyone on the campaign trail in the hill country in Texas and shook their hands and looked them on the eye. Look at victories as a door to the next battle. Nothing ever really ends. Some victories lead nowhere. Some defeats are good. The only real ending is death.

299
Q

Enemy of your enemy is your friend - Always find your opponents enemies to know if they’ll make good allies.

A

Enemy of your enemy is your friend - Always find your opponents enemies to know if they’ll make good allies.

300
Q

Use leverage when needed - Always gather information. Bumpy was threatened by the mob for killing a man but used his knowledge of their tax fraud to make them back off.

A

Use leverage when needed - Always gather information. Bumpy was threatened by the mob for killing a man but used his knowledge of their tax fraud to make them back off.

301
Q
A