"Allais's entry on the History of economic thought website"

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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.”

“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.”

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

“Ideological profile at Econ Journal Watch”

Resonant Thoughts

"Modern science has been able to break down cellular structures and show that at the centre of every atom is a nucleus with electrons around it, vibrating at a specific rate, and that every atom in the…"

— Benjamin Creme

Art1922–2016

#science

"I will leave it to history and historians to judge my father’s reign. But most of all it is up to all those Iranians who have the benefit of perspective and in the same way are in a position to compar…"

— Reza Pahlavi

Politics1960–1980

#history

"Thucydides, an Athenian, wrote the history of the war between the Peloponnesians and the Athenians, beginning at the moment that it broke out, and believing that it would be a great war, and more wort…"

— Thucydides

Literature-500–-420

#history