Oskar Morgenstern Quotes

Oskar Morgenstern Quotes & Sayings

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...the facts of economic life cannot be comprehensively described in terms of statistics. — Oskar Morgenstern

Now, in the modern money economy everything in the nature of a social-economic occurrence consists in human actions and behaviour. — Oskar Morgenstern

Our knowledge of dynamic processes is necessarily inferior to our ability to describe stationary conditions. — Oskar Morgenstern