Appreciation Quotes - page 7
In spite of all the foregoing, there is a science of economics, a true, and even exact, science, which reaches laws as universal as those of mathematics and mechanics. The greatest need for the development of economics as a growing body of thought and practice is an adequate appreciation of the meaning, and the limitations, of this body of accurate premises and rigorously established conclusions. It comes about in the same general way as all science, except perhaps in a higher degree, i. e., through abstraction. There are no laws regarding the content of economic behavior, but there are laws universally valid as to its form. There is an abstract rationale of all conduct which is rational at alt, and a rationale of all social relations arising through the organization of rational activity.
Frank Knight
We developed a shorthand language of our own which we fell into for the rest of our lives whenever we met, no holds barred - all a matter of past reference, a common language, but basically affection, along with humor, and appreciation of each other's minds, and of Krazy Kat . Faced with England, and the New World, and Freud and all, we always managed to relax, and go back to the kidding, and bad punning, and drinking, to the end. It really was marvelous.
Conrad Aiken