Sir John Richard Hicks quotes
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“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 -
“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 HicksSource : 1946 Value and Capital (2nd edn).
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“Investment is a flighty bird which needs to be controlled.”
-- Sir John Richard Hicks -
“The best of all monopoly profits is a quiet life.”
-- Sir John Richard HicksSource : 1935 Econometrica,'The Theory of Monopoly'.
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“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 HicksSource : Sir John Richard Hicks (1963). “The theory of wages”
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“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 HicksSource : 1979 Causality in Economics.
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“Error often is to be preferred to indecision.”
Source : Aaron Burr, Matthew Livingston Davis (1837). “Memoirs of Aaron Burr”, p.337
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“There are two ways to write error-free programs; only the third one works.”
Source : "Epigrams on Programming". ACM "SIGPLAN" Notices 17 (9), (pp. 7-13), September 1982.
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Source : The Guardian, September 30, 1989.
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“I too had thoughts once of being an intellectual, but I found it too difficult.”
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