by Sandy Ikeda
“There are two kinds of taste, the taste for emotions of surprise and the taste for emotions of recognition.”
This is from The Practical Cogitator (p. 463), handy sourcebook for intellectual dilettantes (like me).
According to Wikiquote, the original source is James’s essay, “Anthony Trollope,” Century Magazine (July 1883). I’ll take their word for it (since as a true dilettante I haven’t actually read the essay), but it appears that TPC’s version is edited from the following: “There are two kinds of taste in the appreciation of imaginative literature: the taste for emotions of surprise and the taste for emotions of recognition,” which is less relevant to the Shackle-Kirzner distinction (although some do mistakenly view their work as fiction).
In any case, I think the quote rings true as regards those two.