A Quote by Ronald Coase
You wouldn't think there was a need for a Coase Theorem, really.
Related Quotes
I think I have met nearly all the Laureates in Economics. Among the few I haven't met, I suppose I'd most like to meet Ronald Coase because of his legendary power to persuade his colleagues of the validity of the Coase Theorem.
I'm no enthusiast for the Coase Theorem. I don't like it, but it's widely used.
I tend to regard the Coase theorem as a stepping stone on the way to an analysis of an economy with positive transaction costs.
If you have to prove a theorem, do not rush. First of all, understand fully what the theorem says, try to see clearly what it means. Then check the theorem; it could be false. Examine the consequences, verify as many particular instances as are needed to convince yourself of the truth. When you have satisfied yourself that the theorem is true, you can start proving it.
I think that if your tenure case depends on your proving what you thought was a mathematical theorem and the proposed theorem turns out to be false just before your tenure decision, and you want to get tenure very badly, there is a sense in which it's perfectly understandable and reasonable of you to wish the proposed theorem were true and provable, even if it's logically impossible for it to be.
There's only one problem that bothers me. And that's something my theorem [ of Impossibility] really doesn't cover. In my theorem I was assuming people vote sincerely. The trouble with methods where you have three or four classes, I think if people vote sincerely they may well be very satisfactory. The problem is the incentive to misrepresent your vote may be high.
The three discrete invariances - reflection invariance, charge conjugation invariance, and time reversal invariance - are connected by an important theorem called the CPT theorem.
The elegance of a mathematical theorem is directly proportional to the number of independent ideas one can see in the theorem and inversely proportional to the effort it takes to see them.
Bells theorem dealt a shattering blow to Einsteins position by showing that the conception of reality as consisting of separate parts, joined by local connections, is incompatible with quantum theory... Bells theorem demonstrates that the universe is fundamentally interconnected, interdependent, and inseparable.
One cannot really argue with a mathematical theorem.
We re-make nature by the act of discovery, in the poem or in the theorem. And the great poem and the deep theorem are new to every reader, and yet are his own experiences, because he himself re-creates them. They are the marks of unity in variety; and in the instant when the mind seizes this for itself, in art or in science, the heart misses a beat.
We decided that 'trivial' means 'proved'. So we joked with the mathematicians: We have a new theorem- that mathematicians can prove only trivial theorems, because every theorem that's proved is trivial.
In the "commentatio" (note presented to the Russian Academy) in which his theorem on polyhedra (on the number of faces, edges and vertices) was first published Euler gives no proof. In place of a proof, he offers an inductive argument: he verifies the relation in a variety of special cases. There is little doubt that he also discovered the theorem, as many of his other results, inductively.
I like when people don't feel the need to have everything add up perfectly. I don't think we need that, what I think we need is to let ourselves have room to move and understand that life is a journey. And with that comes freedom. I think the more you try to compartmentalize and snap it all into place you may rob yourself of an experience that's really important for you.
I think that my music is really honest and I think I have something to say. The world revolves around so much negativity that I feel we really need something positive right now. I think people need to be encouraged to strive after those things that seem impossible. That is one of the common themes that runs through my record.
To really be centered and to really work well and to think about the kinds of things that I need to think about, I need to spend large amounts of time alone.
Related Authors
Adam Smith Quotes
Scottish
Economist
Alan Greenspan Quotes
American
Economist
Benjamin Graham Quotes
American
Economist
Friedrich August von Hayek Quotes
Austrian
Economist
John Kenneth Galbraith Quotes
American
Economist
John Maynard Keynes Quotes
English
Economist
Joseph Stiglitz Quotes
American
Economist
Ludwig von Mises Quotes
Austrian
Economist
Milton Friedman Quotes
American
Economist
Muhammad Yunus Quotes
Bangladeshi
Economist
Murray Rothbard Quotes
American
Economist
Paul Krugman Quotes
American
Economist
Richard Thaler Quotes
American
Economist
Robert Reich Quotes
American
Economist
Thomas Sowell Quotes
American
Economist
Walter E. Williams Quotes
American
Economist