Tyler Groenendal

“...the facts of economic life cannot be comprehensively described in terms of statistics.”
― Oskar Morgenstern, The Limits of Economics

“In my experience, economists rarely believe passionately in, or care passionately for, the free market. They are generally more concerned to reveal the market's imperfections, to further their own professional importance.”
― Terence Kealey

“Our knowledge of dynamic processes is necessarily inferior to our ability to describe stationary conditions.”
― Oskar Morgenstern, 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.”
― Oskar Morgenstern