A Quote by James Tobin

The crisis triggered a fertile period of scientific ferment and revolution in economic theory.

James Tobin

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Crisis Economic Economic Theory Ferment Fertile Period Revolution Scientific Theory

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James Tobin
American - Economist
March 5, 1918 - March 11, 2002

A theory is only as good as its assumptions. If the premises are false, the theory has no real scientific value. The only scientific criterion for judging the validity of a scientific theory is a confrontation with the data of experience.

Maurice Allais

The theory of the permanent revolution, in contradiction to the theory of socialism in one country, was recognized by the entire Bolshevik party during the period from 1917 to 1923.

Leon Trotsky

The industrial revolution in the new century is, in essence, a scientific and technological revolution, and breaking through the cutting edge is a shortcut to the building of an economic giant.

Kim Jong-un

There has been a banking crisis, a financial crisis, an economic crisis, a social crisis, a geostrategic crisis and an environmental crisis. That's considerable in a country that's used to being protected.

Jean-Francois Cope

Economic theory has demonstrated in an irrefutable way that a prosperity created by an expansionist monetary and credit policy is illusory and must end in a slump, an economic crisis.

Ludwig von Mises

Within the period of human history we do not know of a single instance of the transformation of one species into another one. It may be claimed that the theory of descent is lacking, therefore, in the most essential feature that it needs to place the theory on a scientific basis, this must be admitted.

Thomas Hunt Morgan

We need to make clear that the economic crisis has to be matched by a crisis of ideas. That's the problem, right? The economic crisis is not matched by a crisis of ideas. That's where the war is going to be fought.

Henry Giroux

It is only after mature deliberation and thorough preparation that I have decided upon the Program of Revolution and defined the procedure of the revolution in three stages. The first is the period of military government; the second, the period of political tutelage; and the third, the period of constitutional government.

Sun Yat-sen

My provocative statement is that we desperately need a serious, scientific theory of cities and scientific theory means quantifiable, relying on underlying generic principles that can be made in a - put into a predictive framework. That's the quest.

Geoffrey West

Our country today is at a cross-point of several crises that were triggered by three groups of causes: the effects of the 2008 world crisis, the external political and economic pressure, and the internal problems and constraints that have built up in our economy

Dmitry Medvedev

Well, it [evolution] is a theory, it is a scientific theory only, and it has in recent years been challenged in the world of science and is not yet believed in the scientific community to be as infallible as it once was believed. But if it was going to be taught in the schools, then I think that also the biblical theory of creation, which is not a theory but the biblical story of creation, should also be taught.

Ronald Reagan

Too often, business schools teach academic crisis management theory, if that, but given the diverse and unique nature of crises, all the theory in the world will not help you manage an actual crisis unless you know the basic mechanics.

Steven Fink

For Marx, 'pure' economic theory, that is economic theory which abstracts from a specific social structure, is impossible.

Ernest Mandel

My interest in economics has always been in the whole corpus of economic theory, the interrelationships between the various fields of theory and their relevance for the formulation of economic policy.

James Meade

I have a personal staff that helps me scour the internet and other media for the latest scientific peer-reviewed findings, the latest examples of climate-related extreme weather events, and the latest examples of progress. The world is in the midst of a sustainability revolution that has the scope of the industrial revolution, but with the speed of the digital revolution. That's not enough without new laws and the right kind of political leadership. But it does give us a base from which to build a movement that will save us from the most catastrophic consequences of the climate crisis.

Al Gore

To be sure, Darwin's theory of evolution is imperfect. However, the fact that a scientific theory cannot yet render an explanation on every point should not be used as a pretext to thrust an untestable alternative hypothesis grounded in religion into the science classroom or to misrepresent well-established scientific propositions.

Jon Jones

A Quote by James Tobin

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