• "There is not, and never will be, an economic theory of everything. Physics may, or may not, be different. But the knowledge we can hope to have in economics is piecemeal and provisional, and different theories will illuminate different but particular situations. We should observe empirical regularities and – as in other applied subjects such as medicine and engineering – we will often find pragmatic solutions that work even though our understanding of why they work is incomplete."
  • "Looking at the future with the eyes of the present, we overestimate the permanence of current trends and fail to perceive incipient issues. That failure is inevitable. If you could have predicted the functions and uses of the personal computer, you would already have taken the main steps towards inventing it. To describe a future political movement or economic theory or line of philosophical thought is to bring it into existence…. A new book [Imperfect Knowledge Economics, Princeton 2007] by Roman Frydman and Michael Goldberg coins the phrase “imperfect knowledge economics” to describe this world of fundamental uncertainty…. [Their work suggests that] economic models, like historical narratives, are context specific. The search for “sharp prediction” – the mantra of the modern scientific economist who seeks to replicate the successes of physics for social science – is doomed to failure."
  • "In an increasingly complex interagency, joint, and multinational world that oscillates between conventional and nonconventional military missions, transforming noncommissioned officer (NCO) education and leadership development is of paramount importance. The U.S. military assumes that commissioned officers, based upon their level of education and hierarchical roles, will bear the main weight of interagency and intercultural interactions in current and future stability and counterinsurgency operations. That hypothesis is wrong because the era of the “strategic corporal” is upon us…. [In] Somalia and other more recent humanitarian assistance, peacekeeping, and traditional operations… the individual NCO was the most conspicuous symbol of American foreign policy and influenced not only the immediate tactical situation but also the operational and strategic levels as well. His actions directly affected the outcome of the larger operation."
  • "In most modern Western armies, soldiers are expected to be not only technically proficient in warfighting, but also capable of supervising civil affairs, providing humanitarian aid and performing a range of activities relating to order and stability. As networked technologies flatten command structures, new doctrine and revised training regimes are likely to be required in order to prepare individual soldiers to assume greater responsibility on the multidimensional 21st-century battlespace. As a result of these trends, the Australian Army must begin to foster a military culture that is aimed at preparing non-commissioned officers (NCOs) to become what has been described as ‘strategic corporals’. The term strategic corporal refers to the devolution of command responsibility to lower rank levels in an era of instant communications and pervasive media images."
  • "Consider for a moment the differences in informational-warfare responsibilities of junior leaders in the Marine Corps — corporals — and the propagandists in insurgent and terror cells — cameramen."
  • "The inescapable lesson of Somalia and of other recent operations, whether humanitarian assistance, peace-keeping, or traditional warfighting, is that their outcome may hinge on decisions made by small unit leaders, and by actions taken at the lowest level…. these missions will require them to confidently make well-reasoned and independent decisions under extreme stress — decisions that will likely be subject to the harsh scrutiny of both the media and the court of public opinion. In many cases, the individual Marine will be the most conspicuous symbol of American foreign policy and will potentially influence not only the immediate tactical situation, but the operational and strategic levels as well. His actions, therefore, will directly impact the outcome of the larger operation; and he will become… the Strategic Corporal."
  • "The strategic corporal/strategic captain concept is not longer a cliche; it is a reality. The saying demonstrates how actions at the tactical level of war impact the operational and strategic levels of war. Today's wars are complex and require innovation and an understanding of how tactical actions have strategic consequences. Commanders at the tactical level must be able to apply all the elements of national power to effectively target the conditions that foster and perpetuate an insurgency…. Because of the nature of future wars, the ability of the tactical commander to fight beyond the physical realm will determine success. The tactical commander's ability to employ nontraditional methods will be the difference between operational success or never-ending insurgency."
  • A decade ago, Toronto's Rotman School deal Roger "Martin to begin advocating what was then a radical idea in business education: that students needed to learn how to think critically and creatively every bit as much as they needed to learn finance or accounting. More specifically, they needed to learn how to approach problems from many perspectives and to combine various approaches to find innovative solutions. In 1999, few others in the business-school world shared Mr. Martin’s view. But a decade and a seismic economic downturn later, things have changed."
  • "[Y]ounger generations are going to have some very peculiar and unique expectations about the world. My friend’s 3-year-old, for example, has become so accustomed to her father’s multitouch iPhone screen that she approaches laptops by swiping her fingers across the screen, expecting a reaction.

    "And after my 4-year-old niece received the very hot Zhou-Zhou pet hamster for Christmas, I pointed out that the toy was essentially a robot, with some basic obstacle avoidance skills. She replied matter-of-factly: 'It's not a robot. It’s a pet.' "