Like the biologist, the economist predicts the effects of environmental changes on the surviving class of living organisms; the economist need not assume that each participant is aware of, or acts according to, his cost and demand situation.
Armen AlchianRelated topics
biologist class cost demand economist living need participant situation acts environmental effectsRelated quotes
While no man in his right mind would advocate sending our ground forces into continental China, and such was never given a thought, the new situation did urgently demand a drastic revision of strategic planning if our political aim was to defeat this new enemy as we had defeated the old.
Douglas MacArthur
Put the money into schools. Rational ones that train young minds to think, to demand that persons in authority show the evidence for the ideas they push. Do that, and we won't need to provide a world for the Sacred Brethren who, given the opportunity, would run everyone else off the planet.
Jack McDevitt
