Top 1200 Economic Models Quotes & Sayings

All models are approximations. Essentially, all models are wrong, but some are useful. However, the approximate nature of the model must always be borne in mind.

We can pay the ecological debt by changing economic models, and by giving up luxury consumption, setting aside selfishness and individualism, and thinking about the people and the planet Earth.

Of course there are some models who are not good, but it has been proven that some models can act. Look at Kim Basinger, Sharon Stone or Andie MacDowell, who were all models - they are really fantastic actresses.

Scientists often seek predictively accurate models, rather than models that are true.

Nothing has done more to render modern economic theory a sterile and irrelevant exercise in autoeroticism than its practitioners’ obsession with mathematical, general-equilibrium models.

Much of my work in this period was concerned with exploring the logic of economic models, but also with attempting to reconcile the models with every day observation.

We’re seeing that business models and philanthropic models are not mutually exclusive.

If the search is for examples that contradict the predictions of standard economic models, a good rule of thumb is to start in France.

Capital investment in fixed assets that produce real goods is the actual driver of long term economic growth, and until slick financiers hijacked the country with 'new economy' mumbo-jumbo based on computer models and hype most Americans understood this.

What I'm pushing for is an economic discipline that will be closer to other social sciences; in particular, we should be more pragmatic about the methods that we are using instead of pretending that we have our own scientific apparatus with very sophisticated mathematic models that distinguish us from sociologists and historians.

All models are wrong; some models are useful.

The most glaring deficiency in traditional economic models is that they completely ignore the role of context in evaluation.

Hume develops his arguments by a series of models. He doesn't call them models in the pretentious way in which we envelope, very often, pure banalities in this jargon

You've got to have models in your head and you've got to array you experience - both vicarious and direct - onto this latticework of mental models.

When pastors don't have rich spiritual lives with Christ, they become victimized by other models of success - models conveyed to them by their training, by their experience in the church, or just by our culture.

In Stage I, divorces were not allowed, so men's [sexual] affairs did not put women's economic security in jeopardy; in Stage II, affairs could lead to divorce, so men's affairs did place women's economic security in jeopardy. We did not want political leaders who would be role models for behavior that would put women's economic security in jeopardy.

Models, even male models - how small they've gotten! It looks great for clothes, but it's not what you want in real life. Why do we have to keep looking at ourselves and measuring?

Some models are naturally very thin, but if they aren't naturally like that, then what these girls do to their health to fit in ... To be a size zero or a two when you're tall is incredible to me. It would be nice if models were allowed to be a more healthy weight - for the models, and for the young women who look up to them. We were athletic and healthy, and we looked like women.

Before starting my own investment funds, the only models I was aware of were those of Warren Buffett and Charlie Munger. Their models made a lot of sense to me, so I cloned them.

I don't want to be anyone's role model. My mole models were assholes. My role models are dead. My role models never made it to 30, so I'm a bad person to ask for advice.

It really bugs me the way people criticise how actors look. We're not models. Models exist.

Curvy and plus-size models will just be models once it becomes more normalized and we get more representation and people are used to it and not shocked by it.

In spite of our poverty and our economic dependence, we do not have to give in, neither because we are sometimes abandoned nor because of the wish of some nations to impose their economic or political models.

The climate-studies people who work with models always tend to overestimate their models. They come to believe models are real and forget they are only models.

Addressing the climate and biodiversity crises requires us to radically change our economic models, moving away from economic growth as the over-riding measure of progress and moving instead towards improving health and wellbeing for people and nature. That means a different economic model taking us towards a sustainable economy.

Much of my work in this period was concerned with exploring the logic of economic models, but also with attempting to reconcile the models with everyday observation.

Models, even male models - how small they've gotten! It looks great for the clothes, but it's not what you want in real life.

There's a lot of amazing women out there. There's a lot of hot models. But models are the worst, because they're models, you have to always step up and always look good.

Prior to the early 1960s, economic theorists rarely constructed models customized to capture unique institutions or specific market characteristics.

Simple models and a lot of data trump more elaborate models based on less data.

My attempt has been really to, beyond making a record of contemporary life, which is what you inevitably do, is trying to make beautiful books - books that are in some way beautiful, that are models of how to use the language, models of honest feeling, models of care.

I have a lot of trouble understanding all the detail of finance and administration - but if you combine intellectual and professional capacity with a social conscience, you can change things: countries, structures, economic models, colonial states.

Fear has run rampant amongst our community of models. Far too many young models, both women and men, are mistreated and put at risk.

The challenge for me, and for Asian models in general has been convincing editors, stylists and photographers that we can have mass appeal, but Asian, especially Chinese models have become a stronger presence. Just a season or two ago, there weren't many models for me to talk with backstage in my native Mandarin. Now I usually have no trouble finding someone at any show.

Investors should be skeptical of history-based models. Constructed by a nerdy-sounding priesthood using esoteric terms such as beta, gamma, sigma and the like, these models tend to look impressive. Too often, though, investors forget to examine the assumptions behind the models. Beware of geeks bearing formulas.

The usefulness of the models in constructing a testable theory of the process is severely limited by the quickly increasing number of parameters which must be estimated in order to compare the predictions of the models with empirical results.

Turns out, people's brains are not nearly as powerful a motivator as our hearts. Facts, data, and economic models don't move people to courageous action the way that powerful stories can.

There is a rumour that I can't draw and never could. This is probably because I work so much with models. Models are one of the most beautiful design tools, but I still do the finest drawings you can imagine.

Nothing in these abstract economic models actually works in the real world. It doesn't matter how many footnotes they put in, or how many ways they tinker around the edges. The whole enterprise is totally rotten at the core: it has no relation to reality.

And this fear that US models are replacing everything else now spills over from the sphere of culture into our two remaining categories: for this process is clearly, at one level, the result of economic domination - of local cultural industries closed down by American rivals.

Role models are fine. Roll models are better. Anyone who can do a forward roll is pretty awesome in my book.

I think kids need role models. I needed role models when I was growing up and I ran into a lot of different people and that's what helped me.

For me, actors have to have a character, an aura, body language. They're not models. They used to call actors models. But I want them to participate in the film.

Modern economics is a set of formal models and equations purporting to fully determine human behaviour, at least in the economic realm. And there is no way that uncertainty can be compressed into determinate mathematical models.

There are great slender models, great tall models, Amazonian models, great busty models - my point is models of all shapes and sizes, age, ethnic background should be embraced and celebrated.

I could try to incorporate or reflect in my models what it is that an employee, manager, or entrepreneur does: to recognize that most are engaged in their work, form expectations and evolve beliefs, solve problems, and have ideas. Trying to put these people into economic models became my project.

I work on the boundary between economics and statistics in this field called econometrics. Part of my interest is understanding how you use statistics in productive ways to analyze dynamic economic models.

When I started modeling, they tried to pay black models less than they paid Caucasian models. I turned down those jobs because I knew what I was worth.

However useful computer models may be, the one thing they cannot be is evidence. Computer climate models are simply conjectures.

It would be lovely to live in a world where trans-female models were treated as female models, and trans-male models were treated the same as male models rather than being a niche commodity.

Once you understand business models you can then start prototyping business models just like you prototype products.

It might sound like I'm a dreamer, but economic models have reached their height of evolution. Technology has evolved. What hasn't evolved is mankind's spirituality; everything is from 3,000 years ago. With spirituality comes morals, a better way of thinking.

I never really think of anyone as models, even the models.

I think we, as a fasion industry, need to hold people accountable for their actions. I want people to realize that models have a voice, and a powerful one at that. I want all models to be treated with more respect because that's what we all want - basic respect and to not be treated like objects with no will. I hope that models can be more empowered to say 'no' or give their opinion without being labeled as difficult. Modeling should be a collaboration. If the makeup artist, photographer and stylist all contribute, why can't models?

Growing up I had lots of role models. Looking back, my parents were my first role models.

Economic theorists, like French chefs in regard to food, have developed stylized models whose ingredients are limited by some unwritten rules. Just as traditional French cooking does not use seaweed or raw fish, so neoclassical models do not make assumptions derived from psychology, anthropology, or sociology. I disagree with any rules that limit the nature of the ingredients in economic models.

The fight against capitalism has many aspects, particularly the distinctive economic models that concentrate the capital in few hands.

Of course sportsmen and women are not only great role models, they are great fashion models too, as they are at the peak of physical perfection.

I did gymnastics, I wanted to be like Dominique Dawes. But the good think about role models is that you don't just have them when you are kid. My role models from WWE came when I was older. When I was 27, my role models from WWE became Jacqueline and Beth Phoenix.

A girl's career today doesn't have the same kind of life span, whereas it used to be a collaboration and a partnership and it continued. Peter Lindbergh still uses girls - like, look at Amber Valetta - so there are some photographers that have relationships long-term with models. I also think that the industry can't support the amount of models that exist right now and therefore the relationships between photographers and models and even the clients is short lived.