11 books
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4 voters

“
This book is an essay in what is derogatorily called "literary economics," as opposed to mathematical economics, econometrics, or (embracing them both) the "new economic history." A man does what he can, and in the more elegant - one is tempted to say "fancier" - techniques I am, as one who received his formation in the 1930s, untutored. A colleague has offered to provide a mathematical model to decorate the work. It might be useful to some readers, but not to me. Catastrophe mathematics, dealin
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― Manias, Panics, and Crashes: A History of Financial Crises
― Manias, Panics, and Crashes: A History of Financial Crises

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Economic development is something much wider and deeper than economics, let alone econometrics. Its roots lie outside the economic sphere, in education, organisation, discipline and, beyond that, in political independence and a national consciousness of self-reliance.
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― Small Is Beautiful: Economics as if People Mattered
― Small Is Beautiful: Economics as if People Mattered