Oskar Morgenstern
More books by Oskar Morgenstern…
“Our knowledge of dynamic processes is necessarily inferior to our ability to describe stationary conditions.”
― On the Accuracy of Economic Observations
― On the Accuracy of Economic Observations
“Now, in the modern money economy everything in the nature of a social-economic occurrence consists in human actions and behaviour.”
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“...the facts of economic life cannot be comprehensively described in terms of statistics.”
― The Limits of Economics
― The Limits of Economics
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