Maurice Allais Quotes

Maurice Allais

Maurice Allais

French Economist

Born: May 31, 1911

Died: Oct 9, 2010

Basically Life National Science Try World

Related authors: Adam Smith Alan Greenspan E. F. Schumacher John Kenneth Galbraith John Maynard Keynes Milton Friedman Paul A. Volcker Thomas Sowell

Wall Street has become a veritable casino. Maurice Allais

Casino Become Wall Wall Street Street

In August 1914, my father was called to war and then taken prisoner. He died in captivity in Germany on March 27, 1915. My youth - indeed, my entire life - was deeply marked by this, directly and indirectly. Maurice Allais

Throughout the years following World War II and until the formation of the European Economic Community in 1958, I was very active as a national or international rapporteur at many of the international conferences aiming to establish an European community. Maurice Allais

At the beginning of my career, my desire to understand was associated with a profound desire to act, with the wish to influence opinion and policy; but, over the years, this motivation has come to be of secondary importance, far behind my desire to understand. Maurice Allais

Wish Beginning Secondary Over Come Importance Policy Opinion Understand Motivation Years Behind Influence Far Act Profound Career Desire Associated

All science is based on models, and every scientific model comprises three distinct stages: statement of well-defined hypotheses; deduction of all the consequences of these hypotheses, and nothing but these consequences; confrontation of these consequences with observed data. Maurice Allais

Science Three Nothing Every Consequences Statement Distinct Data Hypotheses Observed Scientific Model Models Stages Confrontation Deduction Based

In principle, junk bonds are basically useful, but they are used excessively and irrationally, notably in takeovers. Maurice Allais

Excess Principle Junk Used Useful Basically Bonds

We must take the world as it is and not as we would like it to be. Maurice Allais

World Must Would Take Like

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