All models have faults - that doesn't mean you can't use them as tools for making decisions.
decision fault make
Myron Scholes
These are some quotes by Canadian author Myron Scholes Economist, who was born on July 1, 1941.
Quotes by Myron Scholes
Keynesian modelling relies on marginal propensity to consume and marginal propensity to invest. The idea that if we give more money to the poor, they have a propensity to consume that's much higher than the wealthy, though I wish they would talk to my wife about that; she seems to have a propensity to consume.
