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Economic Theory Quotes
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As far as social-economic theory is concerned, I am still a Marxist (Economic Theory Quotes)
The modern history of economic theory is a tale of evasions of reality (Economic Theory Quotes)
Early economic theory was rooted in the Italian, French, and Spanish traditions, which were subjectivist oriented. Then it shifted onto the terrible path by Smith and Ricardo and the British classical tradition, which is ‘objectivist’ - values are in inherent in production. (Economic Theory Quotes)
Positivism eliminates any kind of natural law principle - for example, that there are economic laws which can be transgressed only at your peril. With positivism, there is a tendency to leap into ad hoc economic theory (Economic Theory Quotes)
Observation of realities has never, to put it mildly, been one of the strengths of economic development theory. (Economic Theory Quotes)
Marxism: The theory that all the important things in history are rooted in an economic motive, that history is a science, a science of the search for food. (Economic Theory Quotes)
To put it bluntly, there isn’t one economic theory that can single-handedly explain Singapore’s success; its economy combines extreme features of capitalism and socialism. All theories are partial; reality is complex. (Economic Theory Quotes)
It was not until I got my first job, at the University of Washington in Seattle, and began playing chess with Don Gordon, a brilliant young theorist, that I learned economic theory. (Economic Theory Quotes)
It is obvious that the monetary union among 17 very different European countries does not work. As an economist, I know that the Eurozone is not an optimum currency area, as defined in economic theory. (Economic Theory Quotes)
We don’t see very far in the future, we are very focused on one idea at a time, one problem at a time, and all these are incompatible with rationality as economic theory assumes it. (Economic Theory Quotes)
Free market capitalism is far more than economic theory. It is the engine of social mobility-the highway to the American Dream (Economic Theory Quotes)
Economic theory dictates that the value of a company is basically the present value of its future profits. To estimate Facebook’s value through its future profits, we need to have a view on its user growth and how this will evolve in the next 10 to 50 years. (Economic Theory Quotes)
Every non-Marxist economic theory that treats human and non-human productive inputs as interchangeable assumes that the dehumanisation of human labour is complete. But if it could ever be completed, the result would be the end of capitalism as a system capable of creating and distributing value. (Economic Theory Quotes)
The first issue to be settled is whether socialism has a right to exist Are its allegations concerning the present system true? Is industry proceeding on a principle of fraud? I wish to test the power of recent economic theory to give an exact answer to this question. (Economic Theory Quotes)
A lot of things that we cannot buy and sell in markets used to be totally legal objects of market exchange - human beings when we had slavery, child labour, human organs, and so on. So there is no economic theory that actually says that you shouldn’t have slavery or child labour because all these are political, ethical judgments. (Economic Theory Quotes)
The purpose of economic theory is to make those who are comfortable FEEL comfortable (Economic Theory Quotes)
I imagine you already know that I am much more socialistic in my economic theory than capitalistic (Economic Theory Quotes)
The metal of economic theory is in Marx’s pages immersed in such a wealth of steaming phrases as to acquire a temperature not naturally its own. (Economic Theory Quotes)
Most investors give too much credence to the theory that prices are rational; they presume that a market collapse must have been justified by serious economic trouble. (Economic Theory Quotes)
The IMF economists were doubtless shaken by the extreme failures of their prescriptions over many years, and by the collapse of the intellectual edifice of economic theory on which they were relying. (Economic Theory Quotes)
Paradoxically, it has turned out that game theory is more readily applied to biology than to the field of economic behavior for which it was originally designed (Economic Theory Quotes)
Econometrics may be defined as the quantitative analysis of actual economic phenomena based on the concurrent development of theory and observation, related by appropriate methods of inference (Economic Theory Quotes)
Conventional economic theory... counts the depletion of resources as the accumulation of wealth (Economic Theory Quotes)
The crisis triggered a fertile period of scientific ferment and revolution in economic theory (Economic Theory Quotes)
We are brigand philosophers our hearts are high and cheery, for we know our robbery rests upon a sound economic theory! (Economic Theory Quotes)
Classic economic theory, based as it is on an inadequate theory of human motivation, could be revolutionized by accepting the reality of higher human needs, including the impulse to self actualization and the love for the highest values (Economic Theory Quotes)
The first issue to be settled is whether socialism has a right to exist. Are its allegations concerning the present system true? Is industry proceeding on a principle of fraud? I wish to test the power of recent economic theory to give an exact answer to this question (Economic Theory Quotes)
There is much of economic theory which is pursued for no better reason than its intellectual attraction; it is a good game. We have no reason to be ashamed of that, since the same would hold for many branches of mathematics (Economic Theory Quotes)
Almost all systems of economic thought are premised on the idea of continued economic growth, which would be fine and dandy if we lived on an infinite planet, but there’s this small, niggling, inconvenient fact that the planet is, in fact, finite, and that, unlike economic theory, it is governed by physical and biological reality (Economic Theory Quotes)
In economic theory the conclusions are sometimes less interesting than the route by which they are reached (Economic Theory Quotes)
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