From Toynbee on Toynbee: A conversation between Arnold J Toynbee and GR Urban.
...in both physical science and in the study of human affairs, the test of the difference between what is chance and what is law - regularity - is one's conception of the structure of non-human nature and the structure of human nature.
FInance is the search for regularity
...history being the victor's propaganda. - Urban
A fact in history is not really something concrete like a brick or a stone, that you can pick up and handle; a fact is manmade in a sense - it is the result of a selection from the raw material... Homo sum humanum nihil a me alienum puto - the spectator is also an actor.
In finance, we select our facts.
...Italian philosopher Croce as saying that all history is contemporary history... every human being is situated in a point-moment of time, and he can only observe the universe from this shifting point-moment.
Our view of finance changes with time.
History is what historians write, not what actually happened, because it is only through the cognitive process of the historian that we can read meaning into an otherwise random accumulation of facts. - Urban
In finance, we search for meaning through our point of view.
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