Theory Quotes (page 23)
The social function of economic science consists precisely in developing sound
economic theories and in exploding the fallacies of vicious reasoning. In the pursuit of
this task the economist incurs the deadly enmity of all mountebanks and charlatans
whose shortcuts to an earthly paradise he debunks. The less these quacks are able to
advance plausible objections to an economist’s argument, the more furiously do they
insult them.
Ludwig von Mises
Yet, as has been said of him before, no theory of life seemed to him to be of any importance compared with life itself. He felt keenly conscious of how barren all intellectual speculation is when separated from action and experiment. He knew that the senses, no less than the soul, have their spiritual mysteries to reveal.
Oscar Wilde
When we are young, we spend much time and pains in filling our note-books with all definitions of Religion, Love, Poetry, Politics, Art, in the hope that, in the course of a few years, we shall have condensed into our encyclopaedia the net value of all the theories at which the world has yet arrived. But year after year our tables get no completeness, and at last we discover that our curve is a parabola, whose arcs will never meet.
Ralph Waldo Emerson
A prize-winning science reporter, Simons had become the number-two editor at the Post a year before. An intent, sensitive man with a large nose, thin face and deep-set eyes, he looks like the kind of Harvard teaching assistant who carries a slide ruler strapped to his belt. But he is skillful with fragile egos, and also the perfect counterpoint to Bradlee. Bradlee is more like Woodward: he wants hard information first and is impatient with theories.-- Carl Bernstein, Bob Woodward
Carl Bernstein