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Ronald Coase Quotes: Existing economics is a theoretical system which floats in the air and which bears little relation to what happens in the real world.
         

Existing economics is a theoretical system which floats in the air and which bears little relation to what happens in the real world.


Ronald Coase
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Other quotes of Ronald Coase


If you torture the data long enough, it will confess.

If you torture the data long enough, it will confess.



Data can't speak for itself; it's up to you to give it a voice. Try to speak truthfully.

Data can't speak for itself; it's up to you to give it a voice. Try to speak truthfully.



If economists wished to study the horse, they wouldn’t go and look at horses. They’d sit in their studies and say to themselves, "what would I do if I were a horse?"

If economists wished to study the horse, they wouldn’t go and look at horses. They’d sit in their studies and say to themselves, "what would I do if I were a horse?"



In my youth it was said that what was too silly to be said may be sung. In modern economics it may be put into mathematics.

In my youth it was said that what was too silly to be said may be sung. In modern economics it may be put into mathematics.



I hate when people ask me to: "Massage the data".

I hate when people ask me to: "Massage the data".



Ronnie had it right calling it Torture. That is a much more accurate description the way I see it.

Ronnie had it right calling it Torture. That is a much more accurate description the way I see it.



Technology is at a point where we should allow multiple parties to occupy the same spectral space.

Technology is at a point where we should allow multiple parties to occupy the same spectral space.





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Be kind to others as you would like them to be to you.Encourage, don't discourage.

Be kind to others as you would like them to be to you.Encourage, don't discourage.



Before dawn, the air smelled of lemons.

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A man does not have to be an angel in order to be saint.

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I came to Paris with four écus in my pocket, and I’d have fought with anybody who told me I was in no condition to buy the Louvre.

I came to Paris with four écus in my pocket, and I’d have fought with anybody who told me I was in no condition to buy the Louvre.



One year of life is worth more than twenty years of hibernation.

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People are living longer than ever before, a phenomenon undoubtedly made necessary by the 30-year mortgage.

People are living longer than ever before, a phenomenon undoubtedly made necessary by the 30-year mortgage.



I don't know who will lead us through the '90s, but they must be made to speak to this spiritual vacuum at the heart of American society, this tumor of the soul.

I don't know who will lead us through the '90s, but they must be made to speak to this spiritual vacuum at the heart of American society, this tumor of the soul.



To be scientifically literate is to empower yourself to know when someone else is full of bullshit.

To be scientifically literate is to empower yourself to know when someone else is full of bullshit.



If you find yourself in some difficulty, step aside, and allow Buddha to take your place. The Buddha is in you.

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In every country and in every age, the priest has been hostile to liberty. He is always in alliance with the despot, abetting his abuses in return for protection to his own.

In every country and in every age, the priest has been hostile to liberty. He is always in alliance with the despot, abetting his abuses in return for protection to his own.




Quote Description


This page presents the quote "Existing economics is a theoretical system which floats in the air and which bears little relation to what happens in the real world.". Author of this quote is Ronald Coase. This quote is about theoretical, real world, bears, happens, economics, air, relation, floats, real,.