My interest in economics has always been in the whole corpus of economic theory, the interrelationships between the various fields of theory and their relevance for the formulation of economic policy.

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My job was to teach the whole corpus of economic theory, but there were two subjects in which I was especially interested, namely, the economics of mass unemployment and international economics.

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I had become interested in economics, an interest that was transformed into a lifetime dedication when I met with the mathematical theory of general economic equilibrium.

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In short, both experience and economic theory imply that the US could now t to a more competitive dollar without experiencing either increased inflation or decreased economic growth.

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Classic economic theory, based as it is on an inadequate theory of human motivation, could be revolutionized by accepting the reality of higher human needs, including the impulse to self actualization and the love for the highest values.

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In the mid-'60s in Berkeley, the theory of measure spaces of economic agents became one of my main interests.

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The crisis triggered a fertile period of scientific ferment and revolution in economic theory.

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This is the problem for which revolutionary theory has yet to find the right solution, if there is one. The difficulty is that the economic interests of the two classes are antagonistic.

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Even before I came to Chicago, I had gotten interested in the existence of dispersion of prices under conditions which economic theory said would yield a single price.

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It was not until I got my first job, at the University of Washington in Seattle, and began playing chess with Don Gordon, a brilliant young theorist, that I learned economic theory.

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We need a new Latin American policy that is bold - different. We need to focus on building civil society, focus on the lack of infrastructure. We need look at ways to foster economic opportunity.There needs to be a more comprehensive economic vision in the region.

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We must have a foreign policy which is based only on the long-term interests of our race, not on the interest of other races or on economic considerations or anything else.

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In Oxford before the war, I had, with this interest in mind, written a short textbook entitled, An Introduction to Economic Analysis and Policy. It was now my intention to rewrite this work.

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I believe without exception that theory follows practice. Whenever there is a conflict between theory and practice, theory is wrong. As far as I'm concerned, we make theories for what people have done.

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Indeed, this epistemological theory of the relation between theory and experiment differs sharply from the epistemological theory of naive falsificationism.

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Economic depression cannot be cured by legislative action or executive pronouncement. Economic wounds must be healed by the action of the cells of the economic body - the producers and consumers themselves.

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Our foreign policy needs to support our energy, economic, defense and domestic policies. It all falls within the arch of national interest. There will be windows of opportunity, but they will open and close quickly.

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Maurice Allais

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.

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It's really true in this country that more and more Americans think that underneath the economic crisis there's a values crisis, and we won't get to an economic recovery without a moral recovery as well. So a citizen's movement about values and economics I'm finding all over the country on main street, and Wall Street needs to pay attention to that.

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The first issue to be settled is whether socialism has a right to exist Are its allegations concerning the present system true? Is industry proceeding on a principle of fraud? I wish to test the power of recent economic theory to give an exact answer to this question.

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The standard growth theory tells us that economic growth in per capita basis comes from mainly two sources: capital deepening and total factor productivity growth, or TFP growth.

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