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Theory Quotes

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Theory Quotes

“The most important feature of an information economy, in which information is defined as surprise, is the overthrow, not the attainment, of equilibrium. The science that we have come to know as information theory establishes the supremacy of the entrepreneur because it appreciates the powerful connection between destruction and what Schumpeter described as "creative destruction," between chaos and creativity.”

Source: Knowledge and Power: The Information Theory of Capitalism and How it is Revolutionizing our World

“Unless a thing can be defined by measurement, it has no place in a theory. And since an accurate value of the momentum of a localized particle cannot be defined by measurement it therefore has no place in the theory.”

Science Values Theory Defined Accurate Mechanic Particles Momentum Measurement Quantum Mechanics

Book:The Feynman Lectures on Physics, vol. 3 for tablets

Source: The Feynman Lectures on Physics, vol. 3 for tablets

“Econometrics may be defined as the quantitative analysis of actual economic phenomena based on the concurrent development of theory and observation, related by appropriate methods of inference.”

May Economic Theory Development Method Observation Defined Analysis Related Appropriate Inference Econometrics

Author:Paul Samuelson

“Someone once defined a social problem as a situation in which the real world differs from the theories of intellectuals. To the intelligentsia, it follows, as the night follows the day, that it is the real world that is wrong and which needs to change.”

World Needs Real Problem Night Social Situation Theory Defined Real World Need A Change Social Problems

Book:Ever Wonder Why?: and Other Controversial Essays

Source: Ever Wonder Why?: and Other Controversial Essays

“If you think about basic science or coming up with new theories of mathematics, these are not the kinds of things which are necessarily a well-defined market to pay people.”

People Ifs Thinking Wells Kind Pay Theory Mathematics Defined

Author:Peter Thiel

“I may remark parenthetically that the modern apparatus of the theory of small samples, once it goes beyond the determination of its own specially defined parameters and becomes a method for positive statistical inference in new cases, does not inspire me with any confidence unless it is applied by a statistician by whom the main elements of the dynamics of the situation are either explicitly known or implicitly felt.”

Source: Cybernetics Or Control and Communication in the Animal and the Machine

“The current situation with regard to theory is odd and maybe defined by a paradox.”

Situation Theory Regard Currents Defined Odd Paradox Current Situation

Author:Simon Critchley