#knowledge
"We should continue to use simple models where they capture enough of the core underlying structure and incentives that they usefully predict outcomes. When the world we are trying to explain and improve, however, is not well described by a simple model, we must continue to improve our frameworks and theories so as to be able to understand complexity and not simply reject it."
React to this quote
More by Elinor Ostrom
See allResonant Thoughts
Explore Further
Related Quotes
"poken or colloquial Chinese is in fact the language of a child. Now as a proof of this, we all know how eas…"
— Gu Hongming"We cannot turn back. We cannot choose the dreams of unknowing. We shall, I expect, open the last door in th…"
— George Steiner"My mistress ... caused me to know the exact difference between the smart of the rope, the cart-whip, and th…"
— Mary Prince"This paper reports on a comparative case study of 13 industrial firms that implemented an system. It compar…"
— Jeanne W. Ross"I think that if I am smart in business, it’s just that I’m smart about who I am. I know what I can, can’t, …"
— Dolly Parton"The important thing is how we know, not what or how much."
— John Lancaster Spalding
Related Thinkers
Related Topics
Deep Dives
- David Cay Johnston on knowledge
- Norman Angell on knowledge
- Bernard Lietaer on knowledge
- Robin Hahnel on knowledge
- George Katona on knowledge
- David Cay Johnston on politics
- David Cay Johnston on time
- David Cay Johnston on justice
- David Cay Johnston on life
- David Cay Johnston on art
- justice & Beauty
- justice & Change