“Now, in the modern money economy everything in the nature of a social-economic occurrence consists in human actions and behaviour.”
Oskar Morgenstern“Now, in the modern money economy everything in the nature of a social-economic occurrence consists in human actions and behaviour.”
Oskar Morgenstern“...the facts of economic life cannot be comprehensively described in terms of statistics.”
Oskar Morgenstern, The Limits of Economics“Our knowledge of dynamic processes is necessarily inferior to our ability to describe stationary conditions.”
Oskar Morgenstern, On The Accuracy Of Economic Observations