“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
“Many of us like to think of financial economics as a science, but complex events like the financial crisis suggest that this conceit may be more wishful thinking than reality.” ThinkingMayRealityEventsEconomicsCrisisComplexesFinancialConceitWishful ThinkingFinancial CrisisEconomic Crisis Author:Andrew Lo
“It is so important to remember that, as we travel through life, there will be so many events which we can`t control. These are things that seemingly alter our lives forever or become barriers for living a life of fulfillment. It`s important to remember that the ultimate experience of life is not to be controlled by events. We all have difficult events in our lives - the loss of family members, economics, stress, litigation, government interference in our businesses, health challenges. Remember that it is not the events that shape our lives, but, rather, the meaning we attach to them.” ImportantGovernmentRememberLife IsDifficultChallengesLossForeverOur LivesEventsShapesMembersEconomicsUltimateStressFulfillmentBarriersControlledInterferenceFamily MembersHealth Challenges Author:Tony Robbins
“Economics, over the years, has become more and more abstract and divorced from events in the real world. Economists, by and large, do not study the workings of the actual economic system. They theorize about it. As Ely Devons, an English economist, once said in a meeting: 'If economists wanted to study the horse, they wouldn't go around and look at horses. They'd sit in their studies and say to themselves, `What would I do if I were a horse?' '” IfsWorldYearsLooksSaidRealWantedStudyEconomicEventsEconomicsHorseMeetingsAbstractReal WorldEconomistDivorcedEconomic SystemsDevon Author:Ronald Coase
“If our goal in legislating against carbon releases is not simply punishing the West and its power companies but truly trying to reduce the accumulation of greenhouse gasses in the atmosphere, the main event will be in the developing world. We must use the smartest possible economics, and that means investing in China and India.” IfsWorldTryingMeanUseGoalCompanyEventsEconomicsIndiaWestInvestingChinaReleaseDevelopingAtmosphereCarbonAccumulationGreenhousesChina And India Author:Gregg Easterbrook