"Profile in The Concise Encyclopedia of Economics 2nd edition Library of Economics and Liberty"

Maurice Allais Science See all quotes by Maurice Allais →

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“Too many theorists have a tendency to ignore facts that contradict their convictions.”

“Biographical profile at the Institute for Operations Research and the Management Sciences”

“A theory is only as good as its assumptions. If the premises are false, the theory has no real scientific value. The only scientific criterion for judging the validity of a scientific theory is a confrontation with the data of experience.”

“Allais's entry on the History of economic thought website”

“In fact, without any exaggeration, the current mechanism of money creation through credit is certainly the "cancer" that's irretrievably eroding market economies of private property.”

“Ideological profile at Econ Journal Watch”

Resonant Thoughts

"Slavery is now no where more patiently endured, than in countries once inhabited by the zealots of liberty."

— Samuel Johnson

Literature1709–1784

#freedom

"Being famous is like a dream come true but it's really difficult because you lose your freedom. I don't want to lose being a kid."

— Miley Cyrus

Music1992

#freedom

"Guardian Books "Author Page", with profile and links to further articles."

— Jane Austen

Literature1775–1817

#art

"We shall also concern ourselves with the institutional order built up from transactions, but our focus will be less narrowly economic than the one adopted by Williamson. Like him, we shall argue that …"

— Max Boisot

Economics1943–2011

#success