Wednesday, April 10, 2013

Maurice Allais on Convictions

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

In "L'anisotropie de l'espace. La nécessaire révision de certains postulats des théories contemporaines. Les données de l'expérience." (1997) Maurice Allais (1911–2010) was a French economist, and was the 1988 winner of the Nobel Memorial Prize in Economics "for his pioneering contributions to the theory of markets and efficient utilization of resources".

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