A Quote by Albert Einstein

The economists will have to revise their theories of value. — © Albert Einstein
The economists will have to revise their theories of value.
Contrary to what professional economists will typically tell you, economics is not a science. All economic theories have underlying political and ethical assumptions, which make it impossible to prove them right or wrong in the way we can with theories in physics or chemistry.
I revise and revise and revise. I'm not even sure "revise" is the right word. I work a story almost to death before it's done.
That said, in the two weeks before I leave for the Dark Days tour, I am going radio silent, which means I will be avoiding the Internet at all costs in order to revise, revise, revise. I will miss you. Tris says hi, though.
Trust your imagination. Don't be afraid to fail. Write. Revise. Revise. Revise.
Though I revise constantly as I write, I will usually revise much of the work again after I've reached the ending.
I guess the thing I would say most fervently is that your original impulse to write something is an impulse you should trust, and that if it doesn't work on the first draft, which it hardly ever does, the commitment to revising ought to be something you embrace really early. And to revise and revise and revise.
There will be well-testable theories, hardly testable theories, and non-testable theories. Those which are non-testable are of no interest to empirical scientists. They may be described as metaphysical.
It's easier to revise lousy writing than to revise a blank sheet of paper.
We need to revise our economic thinking to give full value to our natural resources. This revised economics will stabilize both the theory and the practice of free-market capitalism. It will provide business and public policy with a powerful new tool for economic development, profitability, and the promotion of the public good.
The full implications of feminism will evolve over time, as we organize, experiment, think, analyze, and revise our ideas and strategies in light of our experiences. No theory emerges in full detail overnight; the dominant theories of our day have expanded and changed over many decades. That it will take time should not discourage us. That we might fail to pursue our ideas - given the enormous need for them in society today - is unconscionable.
Objectivity cannot be equated with mental blankness; rather, objectivity resides in recognizing your preferences and then subjecting them to especially harsh scrutiny - and also in a willingness to revise or abandon your theories when the tests fail (as they usually do).
If you try to write 1,000 words a day, as I do, after 100 days you'll look up and have a book. It may be a mess, and you may have to revise it 50 times, but you can't revise it if you haven't written it.
Theories are patterns without value. What counts is action.
When most people think of economists, they think of macro-economists. Macro-economists try to describe or - even harder - predict the movements of a hugely dynamic system. They're like a transplant surgeon trying to simultaneously transplant every failing organ in someone's body.
Free market economists frequently see minimum wage legislation as mere political intervention. However, there are decent economic theories which show that, under certain circumstances, minimum wages can be beneficial, as it makes workers more productive.
It is our hope, that men in proportion as they grow more enlightened, will learn to hold their theories and their creeds more loosely, and will none the less, nay, rather all the more be devoted to the supreme end of practical righteousness to which all theories and creeds must be kept subservient.
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