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Image of the quote is loading... SaveSave ...the facts of economic life cannot be comprehensively described in terms of statistics. - Quote by Oskar Morgenstern

…the facts of economic life cannot be comprehensively described in terms of statistics.

Oskar Morgenstern
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Now, in the modern money economy everything in the nature of a social-economic occurrence consists in human actions and behaviour.
Oskar Morgenstern
Our knowledge of dynamic processes is necessarily inferior to our ability to describe stationary conditions.
Oskar Morgenstern
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