A Quote by Joan Robinson

economics limps along with one foot in untested hypotheses and the other in untestable slogans. — © Joan Robinson
economics limps along with one foot in untested hypotheses and the other in untestable slogans.
The Lean Startup is a process for turning ideas into commercial ventures. Its premise is that startups begin with a series of untested hypotheses. They succeed by getting out of the building, testing those hypotheses and learning by iterating and refining minimal viable products in front of potential customers.
Big bang cosmology is probably as widely believed as has been any theory of the universe in the history of Western civilization. It rests, however, on many untested, and in some cases untestable, assumptions. Indeed, big bang cosmology has become a bandwagon of thought that reflects faith as much as objective truth.
I gravitated to economics because I'm interested in how people coordinate and collaborate with each other. Economics studies all the ways people get along with each other.
Justice limps along, but gets there all the same.
I remember laughing when we made those slogans up [about abortion]. . . . We were looking for some sexy, catchy slogans to capture public opinion. They were very cynical slogans then, just as all of these slogans today are very, very cynical.
You've got to pay the bills, and you want to get your foot in. The great shows usually aren't going to look for somebody completely untested, so you have to kind of get your feet wet doing other shows.
Right and proof are two crutches for everything bent and crooked that limps along.
Every virtue divorced from thankfulness is maimed and limps along the spiritual road.
You vote yourselves salaries out of the public funds and care only for your own personal interests; hence the state limps along.
Certainly it is permitted to anyone to put forward whatever hypotheses he wishes, and to develop the logical consequences contained in those hypotheses. But in order that this work merit the name of Geometry, it is necessary that these hypotheses or postulates express the result of the more simple and elementary observations of physical figures.
Given any rule, however "fundamental" or "necessary" for science, there are always circumstances when it is advisable not only to ignore the rule, but to adopt its opposite. For example, there are circumstances when it is advisable to introduce, elaborate and defend ad hoc hypotheses, or hypotheses which contradict well-established and generally accepted experimental results, or hypotheses whose content is smaller than the content of the existing and empirically adequate alternative, or self-inconsistent hypotheses, and so on.
Imagination is all about new possibilities, eventualities that don't exist, counterfactuals, a recombination of elements in new ways. It is about the untested. And the untested is uncertain. It is frightening-even
The difference between us and the other side is that they use populist and...kind of slogans that are...they fool the people. They are the kind of dishonest and populist slogans that we are not willing to use.
It's very easy to have slogans and rhetoric that people will follow, but eventually the slogans fall away.
It's very easy to have slogans and rhetoric that people will follow, but eventually the slogans fall away
Economists operate with this image of the homo economicus, the rational economic agent, and while such agents are rare in the wider world, they are common in economics departments. Exemplifying the homo economicus paradigm, economists typically choose their research projects and hypotheses so as to promote their own careers, to maximize their lifetime income. This explains the astonishing pressures toward conformity in academic economics: how deviant views (except those by a few who have already achieved stardom) get crushed by an army of conformists.
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