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

But because we in the United States finance our current account deficit by borrowing in our own currency, we can move to a more competitive dollar without the adverse effects that followed currency declines in other countries. – Martin Feldstein

Category:
finance
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A rise in the level of saving can reduce aggregate activity temporarily but only a sustained high level of saving makes it possible to have the sustained high level of business investment that contributes to the long-run growth of output. – Martin Feldstein

Category:
Business
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Other Quotes from
Science
category

Unlike scientism, science in the true sense of the word is open to unbiased investigation of any existing phenomena. – Stanislav Grof

Category:
Science

When I find myself in the company of scientists, I feel like a shabby curate who has strayed by mistake into a room full of dukes. – W. H. Auden

Category:
Science

Science is not about control. It is about cultivating a perpetual condition of wonder in the face of something that forever grows one step richer and subtler than our latest theory about it. It is about reverence, not mastery. – Richard Powers

Category:
Science

Im a geophysicist and all my earth science books when I was a student, I had to give the wrong answer to get an A. We used to ridicule continental drift. It was something we laughed at. We learned of Marshall Kays geosynclinal cycle, which is a bunch of crap. – Robert Ballard

Category:
Science

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Category:
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Be courageous. I have seen many depressions in business. Always America has emerged from these stronger and more prosperous. Be brave as your fathers before you. Have faith! Go forward! – Thomas A. Edison

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