Rationality In Economics Quotes & Sayings

It is telling commentary on economic orthodoxy that a whole subdiscipline--behavioral economics--and a raft of lab experiments are needed to show that humans often fail to behave with the rationality expected of them. — Kaushik Basu

Be careful ... any time you find yourself defining the "winner" as someone other than the agent who is currently smiling from on top of a giant heap of utility. — Eliezer Yudkowsky

Intellectually, what is stimulating to a young man is a problem of obvious practical importance. A young man learning economics, for example, ought to hear lectures from individualists and socialists, protectionists and free-traders, inflationists and believers in the gold standard. He ought to be encouraged to read the best books of the various schools, as recommended by those who believe in them. This would teach him to weigh arguments and evidence, to know that no pinion is certainly right, and to judge men by their quality rather than by their consonance with preconceptions. — Bertrand Russell

The reader who thinks that rationality does not require a definition should ponder the following: I'll give you a million dollars to do something irrational. — Lakshman Krishnamurthi

Critical discussions of Western colonialism and imperialism and of what the term postcolonialism could mean, require, and enable first became acceptable in literature and cultural studies departments in the United States some three decades ago. Yet it has been much harder to create such discussions of sciences and technologies. Especially resistant are those departments where the West's scientific rationality and technical expertise have long been lovingly explained and "served up" for use in corporate and nationalist policies: sociology, philosophy, economics, and international relations, as well as the natural sciences themselves. — Sandra G. Harding

I believe that the U.S. can and should be a global leader in the development of alternative energy sources ... — Barack Obama

By elevating the dictum of the market to the role of the sole criterion of rationality and efficiency, economics denies even all "respectability" to the distinction between essential and non-essential consumption, between productive and unproductive labor, between actual and potential surplus. — Paul A. Baran

I was big into mythology when I was a kid - Arthurian legends and Greek mythology, that was kind of my passion. I hadn't heard of the books, but I was told they were very popular amongst the kids, so I got a hold of them and read them. I totally got it! — Steve Valentine

Her eyes were the eyes of one who can remember; one whose childhood does not fade like a dream, nor whose youth vanish like a sunbeam. She would not take life loosely and incoherently, in parts, and let one season slip as she entered on another: she would retain and add; often review from the commencement, and so grow in harmony and consistency as she grew in years. — Charlotte Bronte

I was concentrating on taking in all this fabulousness so I might have missed the full orgasm, but I was relatively certain I had a mini one.
Then he smiled.
There it was.
The full orgasm.
It was a wonder I didn't moan. — Kristen Ashley

What I like about The Meddler style of movie is that it's a fairly lighthearted romantic comedy, but there are hidden moments where something happens that's unexpected, that hopefully have some kind of emotional resonance that you didn't see coming. I love when a film does that. — Susan Sarandon

Spinoza's Conjecture:Belief comes quickly and naturally, skepticism is slow and unnatural, and most people have a low tolerance for ambiguity.
The scientific principle that a claim is untrue unless proven otherwise runs counter to our natural tendency to accept as true that which we can comprehend quickly. Thus it is that we should reward skepticism and disbelief, and champion those willing to change their mind in the teeth of new evidence. Instead, most social institutions-most notably those in religion, politics, and economics-reward belief in the doctrines of the faith or party or ideology, punish those who challenge the authority of the leaders, and discourage uncertainty and especially skepticism. — Michael Shermer

The Jew is contrary to our being ... He desecrated our people, spit on our ideals, paralyzed the strength of the nation, made our customs rotten, and polluted the morale. — Joseph Goebbels