Quote by Martin Feldstein
A second reason why science cannot replace judgement is the behavi

A second reason why science cannot replace judgement is the behavior of financial markets. – Martin Feldstein

Other quotes by Martin Feldstein

To finance this trade deficit, the U.S. has to borrow from the rest of the world or sell American assets like stocks, businesses, and real estate to the rest of the world. – Martin Feldstein

Category:
finance
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And finally, no matter how good the science gets, there are problems that inevitably depend on judgement, on art, on a feel for financial markets. – Martin Feldstein

Category:
Science
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Increased government spending can provide a temporary stimulus to demand and output but in the longer run higher levels of government spending crowd out private investment or require higher taxes that weaken growth by reducing incentives to save, invest, innovate, and work. – Martin Feldstein

Category:
Government
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Other Quotes from
Science
category

Almost everything that distinguishes the modern world from earlier centuries is attributable to science, which achieved its most spectacular triumphs in the seventeenth century. – Bertrand Russell

Category:
Science

The capacity to blunder slightly is the real marvel of DNA. Without this special attribute, we would still be anaerobic bacteria and there would be no music. – Lewis Thomas

Category:
Science

To know the history of science is to recognize the mortality of any claim to universal truth. – Evelyn Fox Keller, Reflections on Gender and Science, 1995

Category:
Science

Organic chemistry is the chemistry of carbon compounds. Biochemistry is the study of carbon compounds that crawl. – Mike Adams

Category:
Science

Random Quotes

Positioning the brand and regaining trust are all smart things for us to do and those are the litmus tests for any decisions we make. – John McKinley

Category:
Trust

A laugh is a surprise. And all humor is physical. I was always athletic, so that came naturally to me. – Chevy Chase

Category:
Humor

Always eat grapes downward — that is eat the best grapes first; in this way there will be none better left on the bunch, and each grape will seem good down to the last. If you eat the other way, you will not have a good grape in the lot. – Samuel Butler

Category:
Food

Nullification means insurrection and war and the other states have a right to put it down. – Andrew Jackson

Category:
War