Much theoretical work, of course, focuses on existing economic institutions. The theorist wants to explain or forecast the economic or social outcomes that these institutions generate.
Sentiment: POSITIVE
Economic science concerns itself primarily with theoretical and empirical generalizations about the behavior of individuals, institutions, markets, and national economies. Most academic research falls in this category.
My interest in economics has always been in the whole corpus of economic theory, the interrelationships between the various fields of theory and their relevance for the formulation of economic policy.
Good economic theory must give the people the chance to use their talents to build their own lives. We must get away from the traditional route where the rich will do the business and the poor will depend on private or public charity.
Economists create their own worlds. We're like little gods with our artificial economics, wanting to see what happens.
Classic economic theory, based as it is on an inadequate theory of human motivation, could be revolutionized by accepting the reality of higher human needs, including the impulse to self actualization and the love for the highest values.
A healthy economics has got to have both conceptual, theoretical research and applied, empirical research.
My job was to teach the whole corpus of economic theory, but there were two subjects in which I was especially interested, namely, the economics of mass unemployment and international economics.
I am aiming my books at anybody with no economics background.
I think economics - and this is what I've tried to impart - has a tremendous amount of human interest in it.
Any econometrician who wants to see practical application of his science will be highly concerned with applications to economic planning at the national level.
No opposing quotes found.