Monday, October 22, 2007

S. Martin: Economics Quotes

http://www.mgmt.purdue.edu/faculty/smartin/equotes/equote.htm

Einstein, Albert
If we knew what it was we were doing, it would not be called research, would it?

Solow, Robert M.
But part of the job of economics is weeding out errors. That is much harder than making them, but also more fun.

Bresnahan, Timothy F.
Economists ought to know about the economy.

Caves, Richard
Constrained-maximization problems are mother's milk to the well-trained economist.

Davis, Richard M.
It is commonplace that economists spend a discouraging proportion of their working time in controversy over definition.

Keynes, John Maynard
Unlike physics, for example, such parts of the bare bones of economic theory as are expressible in mathematical form are extremely easy compared with the economic interpretation of the complex and incompletely known facts of experience, and lead one a very little way towards establishing useful results.