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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

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
Author
Martin Feldstein
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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
Author
Martin Feldstein
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Other Quotes from
Science
category

Science means simply the aggregate of all the recipes that are always successful. All the rest is literature. – Paul Valery

Category:
Science

It was a shock to people of the nineteenth century when they discovered, from observations science had made, that many features of the biological world could be ascribed to the elegant principle of natural selection. – Michael Behe

Category:
Science

I think the reason people are dealing with science less well now than 50 years ago is that it has become so complicated. – James D. Watson

Category:
Science

I suggest that the introductory courses in science, at all levels from grade school through college, be radically revised. Leave the fundamentals, the so-called basics, aside for a while, and concentrate the attention of all students on the things that are not known. – Lewis Thomas

Category:
Science

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Adversity enhances this tale we call life. – Terri Guillemets

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Meditation, perhaps, is the only alchemy that can transform a beggar into an emperor. – Bhagwan Shree Rajneesh

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Meditation

The Constitution was the expression not only of a political faith, but also of political fears. It was wrought both as the organ of the national interest and as the bulwark of certain individual and local rights. – Herbert Croly

Category:
Faith

Men are the sport of circumstances when it seems circumstances are the sport of men. – Lord (George Gordon) Byron

Category:
Chance