Wednesday, 12 February 2014

:) :) :)

"The difference between theory and practice is that, in theory, there is no difference between theory and practice, but in practice, there is." - Tom Vogl

"Critics of economics say that economists know the price of everything but the value of nothing. Nothing, perhaps, is so dangerous intellectually in the policy sciences as an economist who knows only economics, except, I would add, a moral philosopher who knows no economics at all." - Peter J. Boettke

"One nanny said, 'Feed a cold'; she was a neo-Keynesian. Another nanny said, 'Starve a cold'; she was a monetarist." - Harold Macmillan

  Sveriges Riksbank Prize in Economic Sciences in Memory of Alfred Nobel 2021 one half to David Card University of California, Berkeley, USA...