The [seminar in economic theory conducted by Hayek at the L.S.E. in the 1930s] was attended, it came to seem, by all of the economists of my generation - Nicky [Kaldor], Thomas Balogh, L. K. Jah, Paul Rosenstein-Rodan, the list could be indefinitely extended. The urge to participate (and correct Hayek) was ruthlessly competitive.
Friedrich HayekRelated topics
came correct generation jah 1930s Hayek seminarRelated quotes
In theory, everybody buys the best and cheapest commodities offered to him on the market. In practice, if every one went around pricing, and chemically testing before purchasing, the dozens of soaps or fabrics or brands of bread which are for sale, economic life would become hopelessly jammed.
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I believe that economic theory has arrived at a point in its development where the appeal to quantitative empirical data has become more necessary than ever. At the same time its analyses have reached a degree of complexity that require the application of a more refined scientific method than that employed by the classical economists.
Ragnar Frisch
One of the things that puzzles me is that so few people want to look at life as a totality and to recognize that death is no more extraordinary than birth. When they say it's the end of everything they don't seem to recognize that we came from somewhere and it would be very, very strange indeed to suppose that we're not going somewhere.
Robertson Davies
In those years, when I came to the States, people were always asking me why I didn't sing anymore. I'd tell them, ‘I sing all around the world-Asia, Africa, Europe-but if you don't sing in the US, then you haven't really made it.' That's why I'll always be grateful to Paul Simon. He allowed me to bring my music back to my friends in this country.
Miriam Makeba
I have this theory about words: There's a thousand ways to say "Pass the salt." It could mean, you know, "Can I have some salt?" or it could mean, "I love you." It could mean "I'm very annoyed with you" – really, the list could go on and on. Words are little bombs, and they have a lot of energy inside them.
Christopher Walken