Sir John Richard Hicks famous quotes

50 minutes ago

Some of the most serious fallacies of traditional economics have been due to confusion between optimum and equilibrium conditions; the apparent influence of Dr. Pangloss upon the development of economic thought is for the most part nothing but pure intellectual error.
-- Sir John Richard Hicks

#Errors #Confusion #Intellectual
We ought to define a man's income as the maximum value which he can consume during a week, and still expect to be as well off at the end of the week as he was at the beginning.
-- Sir John Richard Hicks

#Week #Values
Investment is a flighty bird which needs to be controlled.
-- Sir John Richard Hicks

#Bird #Needs #Investment
The best of all monopoly profits is a quiet life.
-- Sir John Richard Hicks

#Quiet #Economics #Profit
The theory of the determination of wages in a free market is simply a special case of the general theory of value. Wages are the price of labour.
-- Sir John Richard Hicks

#Determination #Special #Wages
There is much of economic theory which is pursued for no better reason than its intellectual attraction; it is a good game. We have no reason to be ashamed of that, since the same would hold for many branches of mathematics.
-- Sir John Richard Hicks

#Games #Intellectual #Branches

It is possible to be a meta-physician without believing in a transcendent reality; for we shall see that many metaphysical utterances are due to the commission of logical errors, rather than to a conscious desire on the part of their authors to go beyond the limits of experience.
Error often is to be preferred to indecision.
There are two ways to write error-free programs; only the third one works.
The forest is peaceful, why arenâ€™t you? You hold on to things causing your confusion. Let nature teach you. Hear the birdâ€™s song then let go. If you know nature, youâ€™ll know truth. If you know truth, youâ€™ll know nature.
Classical cooking and molecular gastronomy should remain separate...you can mix two styles and get fusion; any more and you just get confusion.
In universities and intellectual circles, academics can guarantee themselves popularity -- or, which is just as satisfying, unpopularity -- by being opinionated rather than by being learned.
Let us hopethat by the best cultivation of the physical world, beneath and around us; and the intellectual and moral world within us, we shall secure an individual, social and political prosperity and happiness, whose course shall be onward and upward, and which, while the earth endures, shall not pass away.
The kind of poetry that interests me is intellectual and moral and political and sexual and sensual - all of that fermenting together. It can speak to people who have themselves felt like monsters and say: you are not alone, this is not monstrous. It can disturb and enrapture.
An intellectual is someone whose mind watches itself.
I too had thoughts once of being an intellectual, but I found it too difficult.

Sir John Richard Hicks famous quotes

You may also like: