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Whether one is a conservative or a radical, a protectionist or a free trader, a cosmopolitan or a nationalist, a churchman or a heathen, it is useful to know the causes and consequences of economic phenomena.
George Stigler
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It's a useful habit to never believe more than half of what people tell you, and not to concern yourself with the rest. Rather keep your mind free and your path your own.
Halldór Laxness
Econometrics may be defined as the quantitative analysis of actual economic phenomena based on the concurrent development of theory and observation, related by appropriate methods of inference.
Richard Stone
When we have become free, we need not go mad and throw up society and rush off to die in the forest or the cave; we shall remain where we were but we shall understand the whole thing. The same phenomena will remain but with a new meaning.
Swami Vivekananda
But the Progressive Conservative is very definitely liberal Republican. These are people who are moderately conservative on economic matters, and in the past have been moderately liberal, even sometimes quite liberal on social policy matters.
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A liberal is a person who believes that water can be made to run uphill. A conservative is someone who believes everybody should pay for his water. I'm somewhere in between: I believe water should be free, but that water flows downhill.
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