The general, and at the same time dynamic, type of analysis still remains an unwritten chapter of economic theory, the claims of innumerable "model-builders” notwithstanding... The ... theoretical approach, based on the combination of the complexities of a general interdependent system with the simplifying assumptions of static analysis, constitutes the background of this investigation.
Wassily LeontiefRelated topics
approach dynamic general static remainsRelated quotes
The new architecture has 'opened' the walls so that the separateness of interior and exterior is suppressed. Walls no longer sustain since the system of construction is based upon the use of columns. This results in a new type of ground plan, an open ground plan, which is totally different from classical ones, since interior space and exterior space are interrelated.
Theo van Doesburg
The wonderful thing about dynamic typing is it lets you express anything that is computable. And type systems don't - type systems are typically decidable, and they restrict you to a subset. People who favor static type systems say "it's fine, it's good enough; all the interesting programs you want to write will work as types”. But that's ridiculous - once you have a type system, you don't even know what interesting programs are there.
Gilad Bracha
While economic theory in general may be defined as the theory of how an economic condition or an economic development is determined within an institutional framework, the welfare theory deals with how to judge whether one condition can be said to be better in some way than another and whether it is possible, by altering the institutional framework, to achieve a better condition than the present one.
Kenneth Arrow
While economic theory in general may be defined as the theory of how an economic condition or an economic development is determined within an institutional framework, the welfare theory deals with how to judge whether one condition can be said to be better in some way than another and whether it is possible, by altering the institutional framework, to achieve a better condition than the present one.
John Hicks
I then follow up with four major aspects of economic research in the last 60 years, the period of my scholarly activity. One, econometric methodology and practice, is of such fundamental importance that it cannotgo unnoticed, although I played no role in it. With the other three, general equilibrium, dynamic processes, and uncertainty and information, I was more intimately involved.
Kenneth Arrow