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Theory Quotes

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Theory Quotes

“With all of its false assumptions and evil methods, communism grew as a protest against the hardships of the underprivileged. Communism in theory emphasized a classless society, and a concern for social justice, though the world knows from sad experience that in practice it created new classes and a new lexicon of injustice.”

Source: A Martin Luther King Treasury

“Normal science, the activity in which most scientists inevitably spend most all their time, is predicated on the assumption that the scientific community knows what the world is like. Normal science often suppresses fundamental novelties because they are necessarily subversive of its basic commitments.”

Knows World Doe Facts Wisdom Politics Community Economy Successful Theory Activity Normal Commitment Scientist Aim Fundamentals Assumption Liberalism Puzzles Novelty Subversive

Author:Thomas Kuhn

“A theory is only as good as its assumptions. If the premises are false, the theory has no real scientific value. The only scientific criterion for judging the validity of a scientific theory is a confrontation with the data of experience.”

Ifs Real Values Judging Theory Data Assumption Criteria Premises Confrontation Validity Scientific Theory

Author:Maurice Allais

“...theories should be judged by their ability to predict events rather than by the realism of their assumptions.”

Should Ability Events Theory Investing Assumption Judged Realism

Author:Milton Friedman

“The theory of the IRS is rather repugnant to me because the assumption is made that I, the government, owns 100% of your income and I permit you to keep 5%, 10% or 20%. You're vulnerable, you've sold out. The government can take 80% if they want, which they did at one time.”

Ifs Want Made Government Theory Economics Income Vulnerable Assumption Permit One Time Irs Sold Out

Author:Ron Paul

“Experience arises together with theoretical assumptions not before them, and an experience without theory is just as incomprehensible as is (allegedly) a theory without experience.”

Together Theory Arise Assumption Theoretical

Book:Against Method

Source: Against Method

“The treatment of the indeterminacy principle as absolute and final can then be criticized as constituting an arbitrary restriction on scientific theories, since it does not follow from the quantum theory as such, but rather from the assumption of the unlimited validity of certain of its features, an assumption that can in no way ever be subjected to experimental proof.”

Source: Causality and Chance in Modern Physics

“Tomorrow is an assumption; it is just a theory! We must wait for tomorrow to see whether tomorrow is real or not!”

Real Waiting Theory Tomorrow Assumption

Author:Mehmet Murat Ildan

“Theories can be based on any assumptions, however bizarre.”

Theory Assumption Bizarre

Author:Milton Friedman

“As soon as science has emerged from its initial stages, theoretical advances are no longer achieved merely by a process of arrangement. Guided by empirical data, the investigator rather develops a system of thought which, in general, is built up logically from a small number of fundamental assumptions, the so-called axioms. We call such a system of thought a theory. The theory finds the justification for its existence in the fact that it correlates a large number of single observations, and it is just here that the 'truth' of the theory lies.”

“Democracy can't work. Mathematicians, peasants, and animals, that's all there is - so democracy, a theory based on the assumption that mathematicians and peasants are equal, can never work. Wisdom is not additive; its maximum is that of the wisest man in a given group.”

Men Given Animal Democracy Groups Theory Equal Assumption Mathematician Maximum Peasants Wisest Wisest Man Additives

Book:Glory Road

Source: Glory Road

“The most probable assumption is that no currently working 'business theory' will be valid 10 years hence.”

Years Theory Assumption

Author:Peter Drucker

“I have a name for people who went to the extreme efficient market theory-which is "bonkers". It was an intellectually consistent theory that enabled them to do pretty mathematics. So I understand its seductiveness to people with large mathematical gifts. It just had a difficulty in that the fundamental assumption did not tie properly to reality.”

People Reality Names Theory Difficulty Mathematics Fundamentals Extremes Mathematical Ties Assumption Consistent Efficient Efficient Markets

Author:Charlie Munger

“To no surprise, the theories and structures of naturalistic science affirm naturalistic assumptions.”

Theory Structure Surprise Assumption

Author:Albert Mohler

“Our assumption is that God has not revealed all there is to know in the spiritual area any more than he has in these other areas. We, therefore, need to experiment in this area and, like scientists who work in other areas, develop and test theories in order to gain greater understanding”

Knows Needs Spiritual Order Understanding Greater Theory Gains Areas Tests Scientist Experiments Assumption

Author:Charles H. Kraft