
Lewis Henry Morgan (November 21, 1818 – December 17, 1881) was an American anthropologist and social theorist, who worked as a railroad lawyer. He is best known for his work on kinship and social structure, his theories of social evolution, and his ethnography of the Iroquois. Interested in what holds societies together, he proposed the concept that the earliest human domestic institution was the matrilineal clan, not the patriarchal family. Also interested in what leads to social change, he was a contemporary of the European social theorists Karl Marx and Friedrich Engels, who were influenced by reading his work on social structure and material culture, the influence of technology on progress. Morgan is the only American social theorist to be cited by such diverse scholars as Marx, Charles Darwin, and Sigmund Freud. Elected as a member of the National Academy of Sciences, Morgan served as president of the American Association for the Advancement of Science in 1880. Morgan was a Republican member of the New York State Assembly (Monroe Co., 2nd D.) in 1861, and of the New York State Senate in 1868 and 1869.
“and they'll all be convinced that, even if our Buzzy maybe has got a few faults, he's on the side of the plain people, and against all the tight old political machines, and they'll rouse the country for him as the Great Liberator (and meanwhile Big Business will just wink and sit tight!) and then, by God, this crook”
“The people in a position to resolve the financial crisis were, of course, the very same people who had failed to foresee it: Treasury Secretary Henry Paulson, future Treasury Secretary Timothy Geithner, Fed Chairman Ben Bernanke, Goldman Sachs CEO Lloyd Blankfein, Morgan Stanley CEO John Mack, Citigroup CEO Vikram Pandit, and so on. A few Wall Street CEOs had been fired for their roles in the subprime mortgage catastrophe, but most remained in their jobs, and they, of all people, became important characters operating behind the closed doors, trying to figure out what to do next. With them were a handful of government officials”