"The most glaring deficiency in traditional economic models is that they completely ignore the role of context in evaluation."

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Source : Source: bobmorris.biz

Robert H. Frank

#Economic Models Quotes #Roles Quotes #Evaluation Quotes

“Being dead will be no different from being unborn -- I shall be just as I was in the time of William the Conqueror or the dinosaurs or the trilobites. There is nothing to fear in that.”
“I'm pretty much a vegetarian, but I do eat fish and sometimes chicken”
“Keynesians think that you can take water from the deep end of the swimming, pump it into the shallow end of the swimming pool and somehow the water level of the swimming pool will rise.”
“Sometimes something good has to be subtracted from our lives before something better can take its place.”
“I consider myself British and have very happy memories of the UK. I spent the first 14 years of my life in England and never wanted to leave. When I was in Australia I went back to England a lot.”
“I knew that Jamaica Inn was going to make me a star.”
“The rule seems to be that there are no absolutes, that what is rare is prized. Thus, in times of relative affluence, thin models become dominant.”
“My mission is to kill; whether it's the Heat, whether it's the Lakers. Hopefully both. That's my mission, and that's what I'm here to do.”

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