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Mainstream economics scholarship produces theory without facts ("pure theory") and facts without theory ("applied economics").
Michel Chossudovsky
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Those who cavalierly reject the Theory of Evolution, as not adequately supported by facts, seem quite to forget that their own theory it supported by no facts at all.
Herbert Spencer
Paradoxically, it has turned out that game theory is more readily applied to biology than to the field of economic behavior for which it was originally designed.
John Maynard Smith
Economic theory is the most prestigious subject of instruction and study. Agricultural economics, labor economics and marketing are lower caste fields of study.
John Kenneth Galbraith
I have a theory about the human mind. A brain is a lot like a computer. It will only take so many facts, and then it will go on overload and blow up.
Erma Bombeck
The Reservoir plan is an engineering mechanism applied to the field of economics, and in its essence it has nothing to do with democracy or any other political philosophy.
Benjamin Graham