The existence of analogies between central features of various theories implies the existence of a general theory which underlies the particular theories and unifies them with respect to those central features. This fundamental principle of generalization by abstraction was enunicated by the eminent American mathematician E. H. Moore more than thirty years ago. It is the purpose of the pages that follow to work out its implication for theoretical and applied economics.
Paul SamuelsonRelated topics
abstraction american central economics existence follow fundamental general generalization implication mathematician particular principle purpose respect theory thirty work years mooreRelated quotes
In science men have learned consciously to subordinate themselves to a common purpose without losing the individuality of their achievements. Each one knows that his work depends on that of his predecessors and colleagues, and that it can only reach its fruition through the work of his successors. In science men collaborate not because they are forced to by superior authority or because they blindly follow some chosen leader, but because they realize that only in this willing collaboration can each man find his goal.
John Desmond Bernal
The principle of collective leadership is elementary for a proletarian party and for a party of the Lenin type. Nevertheless, we must emphasize this old truth, because for about 20 years we have had practically no collective leadership; there flourished the cult of the individual which was condemned first by Marx and then by Lenin. And this, of course, could not but reflect negatively on the position of the party and its work.
Anastas Mikoyan
Keynes was a great economist. In every discipline, progress comes from people who make hypotheses, most of which turn out to be wrong, but all of which ultimately point to the right answer. Now Keynes, in The General Theory of Employment, Interest and Money, set forth a hypothesis which was a beautiful one, and it really altered the shape of economics. But it turned out that it was a wrong hypothesis. That doesn't mean that he wasn't a great man!
Milton Friedman
The work of the painter, the poet or the musician, like the myths and symbols of the savage, ought to be seen by us, if not as a superior form of knowledge, at least as the most fundamental and the only one really common to us all; scientific thought is merely the sharp point more penetrating because it has been whetted on the stone of fact, but at the cost of some loss of substance and its effectiveness is to be explained by its power to pierce sufficiently deeply for the main body of the tool to follow the head.
Claude Lévi-Strauss
Elegance requires that the number of defining equations be small. Five is better than ten, and one is better than five. On this score, one might facetiously say that String Theory is the ultimate epitome of elegance. With all the years that String Theory has been studied, no one has found even a single defining equation! The number at present count is zero. We know neither what the fundamental equations of the theory are nor even if it has any.
Leonard Susskind
