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Keynes was an applied economist who turned to inventing theory because the theory he had inherited could not properly explain what was happening.
Robert Skidelsky
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Mainstream economics scholarship produces theory without facts ("pure theory") and facts without theory ("applied economics").
Michel Chossudovsky
We speak out to put the world on guard against what is happening in South Africa. The brutal policy of apartheid is applied before the eyes of the nations of the world.
Che Guevara
Some people in my family achieved a lot, some people inherited a lot. But I turned my back on the whole thing.
Anna Chancellor
In the long run, the methods are the important part of the course. It is not enough to know the theory; you should be able to apply it.
Richard Hamming
For me, as an economist, it was frustrating to have no sense of a theory of corporate finance to tie all this material together.
Merton Miller