A healthy economics has got to have both conceptual, theoretical research and applied, empirical research. (Edmund Phelps)

A healthy economics has got to have both conceptual, theoretical research and applied, empirical research.

Edmund Phelps

Related topics

economics research

Related quotes

Fundamental research is needed to make progress, which you cannot do solely by copying others. If you only do applied research, you quickly lose creativity. View quote
Francois Englert
When depression economics prevails, the usual rules of economic policy no longer apply: virtue becomes vice, caution is risky and prudence is folly. View quote
Paul Krugman
Economics make homeopath and alternative healers look empirical and scientific. View quote
Nassim Nicholas Taleb
I've got research, I have my own life experience I can apply, and I have my imagination. View quote
Chris Cooper
For in the theoretical field bourgeois economics no longer engages in blithe and joyous fights. View quote
Rudolf Hiferding