“Unlike the position that exists in the physical sciences, in economics and other disciplines that deal with essentially complex phenomena, the aspects of the events to be accounted for about which we can get quantitative data are necessarily limited and may not include the important ones.” MayImportantDealsEventsPositionDisciplineAspectEconomicsComplexesDataPhenomenonPhysical Science Author:Friedrich August von Hayek
“as an economics professor I am by nature inclined to the view that the truth isn't out there, it's in here - that usually you learn a lot more by thinking really hard about the data than you do by sniffing around for supposedly inside information.” ThinkingHardTruthViewsInformationTruth IsEconomicsDataProfessorsFree ThoughtSniffing Author:Paul Krugman
“And this exclusion of "women's work" continues, despite United Nations data gathered since 1975 (the beginning of the UN Decade for Women) indicating that women globally contribute two-thirds of the world's work hours, for which - given the imbalanced, unjust, and truly peculiar nature of the accounting characteristic of dominator economics - they globally earn only one-tenth of what men do and own a mere one-hundredth of the world's property.” MenWorldTwoGivenNationsHoursUnitedEconomicsThirdsPropertyMereDecadesDespiteDataCharacteristicsPeculiarDishesUnjustUnited NationsAccountingExclusion Author:Riane Eisler
“The investigation of causal relations between economic phenomena presents many problems of peculiar difficulty, and offers many opportunities for fallacious conclusions. Since the statistician can seldom or never make experiments for himself, he has to accept the data of daily experience, and discuss as best he can the relations of a whole group of changes; he cannot, like the physicist, narrow down the issue to the effect of one variation at a time. The problems of statistics are in this sense far more complex than the problems of physics.” WholeProblemScienceOpportunityCausesAcceptingIssuesGroupsEconomicEffectsOffersEconomicsDifficultyRelationComplexesPhysicsExperimentsConclusionDataStatisticsPeculiarInvestigationPhysicistVariationStatisticianDaily Experience Author:Udny Yule
“If you torture the data long enough, it will confess.” IfsLongEnoughTruthKnowledgeEconomicEconomicsDataAnalysisTortureStatisticsConfessionAnalystsAnalyticsMetricsFunny ScienceAnalysingGathering Data Author:Ronald Coase
“When an economist says the evidence is "mixed," he or she means that theory says one thing and data says the opposite.” MeanOne ThingTheoryEvidenceEconomicsOppositesDataEconomist Author:Richard Thaler
“Data is great, but strategy is better” BusinessEconomicsManagementStrategyData Author:Steven Sinofsky
“Nothing beats standing in the middle of the action, with all the data I need at my fingertips” NeedsActionBusinessMiddleBeatsEconomicsStandingManagementDataFingertips Author:Betty Liu
“With the old economics destroyed, organizational forms perfected for industrial production have to be replaced with structures optimized for digital data. It makes increasingly less sense even to talk about a publishing industry, because the core problem publishing solves — the incredible difficulty, complexity, and expense of making something available to the public — has stopped being a problem.” ProblemFormIndustryEconomicsDifficultyStructureIncrediblesProductionsAvailableSolveCoreDestroyedDataComplexityDigitalExpensesPublishingReplacedOrganizationalPublishing Industry Author:Clay Shirky