Top 1200 Economic Theory Quotes & Sayings - Page 20

We don't regard any scientific theory as the absolute truth.

You know what my theory is? Accept me or go to hell.

If democracy is justified in governing the state,then it must also be justified in governing economic enterprises, and to say that it is not justified in governing economic enterprises is to imply that it is not justified in governing the state.

It is only theory that makes men completely incautious.

I have a theory that people are either born 'yeses' or 'nos'.

I've never been much for theory and scales.

To understand theory is not enough. Much practice is necessary.

The cash register did more for human morality than the Congregational Church. It was a really powerful phenomenon to make an economic system work better, just as, in reverse, a system that can be easily defrauded ruins a civilization. A system that's very hard to defraud, like a cash register, helped the economic performance of a civilization by reducing vice, but very few people within economics talk about it in those terms.

I have a theory that the people who cook in jails are British chefs.

Don't believe the results of experiments until they're confirmed by theory.

Nothing is more practical than a good theory.

You can't run a business or anything else on a theory.

My siblings and I had this theory that my parents were spies.

I studied chord theory and started playing the piano.

I have a theory that as nice and sweet as you can be equates to how dangerous you can be.

We need economic policies in the U.S. that produce jobs, first of all, but good jobs, second of all. Believe it or not, Germany, a country characterized by high wages, strong unions, a social safety net, and so forth is the second largest exporter (after China) in the world. The idea that the only way to succeed is by eliminating vacations, sick days, worker protections, and so forth is simply belied by the competitiveness rankings produced by the Economist magazine's intelligence unit and by the World Economic Forum.

I started working and publishing in price theory by 1938.

System administration is where theory meets practice with a vengeance.

My theory is that men are no more liberated than women.

Economic progress means the discovery and application of better ways of doing things to satisfy our wants. The piping of water to a household that previously dragged it from a well, the growing of two blades of grass where one grew before, the development of a power loom that enables one man to weave ten times as much as he could before, the use of steam power and electric power instead of horse or human power - all these things clearly represent economic progress.

That's where I get my whole music theory from, my pops and my grandfather.

I want a theory to come out to guide policy.

Data don't generate theory - only researchers do that.

An ounce of action is worth a ton of theory.

The supreme misfortune is when theory outstrips performance

I'm very strongly in favor of the auteur theory.

My theory was that what I had to do was make a study of human behavior.

The greatest economic minds of the 19th century, all of them without exception, considered economic growth as a temporary necessity. When all human needs are satisfied, then we will have a stable economy, reproducing every year the same things. We will stop straining ourselves worrying about development or growth. How naïve they were! One more reason to be reluctant about predicting the future. No doubt they were wiser than me, but even they made such a mistake!

Men have always been a prey to distractions, which arethe original sins of the mind; but never before today has an attempt been made to organize and exploit distractions, to make of them, because of their economic importance, the core and vital center of human life, to idealize them as the highest manifestations of mental activity. Ours is an age of systematized irrelevances, and the imbecile within us has become one of the Titans, upon whose shoulders rests the weight of the social and economic system

Coincidence is what you have left over when you apply a bad theory.

I never studied film theory, so I don't know the terminology.

A discovery is generally an unforeseen relation not included in theory.

I'm not sure what theory is, unless it's the pursuit of fundamental questions.

Im very strongly in favor of the auteur theory.

A good scientific theory should be explicable to a barmaid.

It would be possible, in theory, for life and art to be reversed.

I have a theory you shouldn't write a book unless you have something to say.

'The Big Bang Theory' has completely changed my life.

Facts do not 'speak for themselves'; they are read in the light of theory.

The joys of theory are the sweetest intellectual pleasures of life

Scarcely anyone who comprehends this theory can escape its magic.

The farther the experiment is from theory, the closer it is to the Nobel Prize.

Capitalism sounds good in theory but it just doesn't work.

How empty is theory in the presence of fact!

Life had stepped into the place of theory.

All theory is against freedom of the will; all experience for it.

We don't regard any scientific theory as the absolute truth

Our concern, however, is with slavery as it is, and not with any theory of it.

An ounce of practice is better than tons of theory.

There's more and more recognition that a carbon economy is dangerous to us economically. And there is increasing recognition that renewable fuels have economic value as well as obvious value for our health and our well-being and our survival. In fact, as you know, the economic revolution in renewable fuels has been impressive. It really had not been anticipated.

The end of science is not to prove a theory, but to improve mankind.

One ounce of practice is worth a thousand pounds of theory.

There is nothing more practical than a good theory.

The predominant theory of the origin of the universe is the Big Bang.

I have a theory that the only original things we ever do are mistakes.

The oldest theory of contract is I think negative.

What does reflect reality very well is complexity theory, which comes from physics. I'm the one pioneering the idea of bringing it to capital markets. When you look at capital markets through the lens of complexity theory, you ask "what's the scale of the system?" Scale is a fancy word for size. What measures are you using? If you look at total debt, the concentration of assets in the five largest banks, what percentage of the total assets of the five largest banks are interconnected? What you see is a very densely connected, fragile system that could collapse at any moment.

What good does the theory [of economics] do if it is not working for people?

It is human to search for the theory of everything and it is superhuman to find it.

Professors of theory merely hold post-mortems.