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Greg Mankiw Quotes: If you take from a theory only the conclusions you like and discard the rest, you are using the theory as a drunkard uses a lamp post-for support rather than illumination.
         

If you take from a theory only the conclusions you like and discard the rest, you are using the theory as a drunkard uses a lamp post-for support rather than illumination.


Greg Mankiw
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Other quotes of Greg Mankiw


Economics is the study of how society manages its scarce resources.

Economics is the study of how society manages its scarce resources.



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Higher saving leads to faster growth . . .



You can't rule out deflation just because you've never seen it in your lifetime.

You can't rule out deflation just because you've never seen it in your lifetime.



Outsourcing American jobs will prove to be a plus for the economy in the long run. It's simply a new way of doing international trade.

Outsourcing American jobs will prove to be a plus for the economy in the long run. It's simply a new way of doing international trade.



These teenagers [that drop out of school to take the higher wage jobs] take jobs that would go to unskilled adults, making it harder for those adults to make the transition from welfare to work.

These teenagers [that drop out of school to take the higher wage jobs] take jobs that would go to unskilled adults, making it harder for those adults to make the transition from welfare to work.





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As he drifted off, his father came to visit him, clothed in all his possible shapes.

As he drifted off, his father came to visit him, clothed in all his possible shapes.





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If you truly love someone, have the faith to 'let them go.' Encourage them to be the fullest measure of themselves, and you will be overwhelmed by the love that your spouse returns to you.



An ounce of logic can be worth more than a ton of tradition that has become obsolete through the weathering of time.

An ounce of logic can be worth more than a ton of tradition that has become obsolete through the weathering of time.



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Confusion comes from trying to amalgamate several conflicting ideas.



He who wrongs the innocent must bear the fruit of his act, like dust flung against the wind.

He who wrongs the innocent must bear the fruit of his act, like dust flung against the wind.



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Let grace and goodness be the principal loadstone of thy affections. For love which hath ends, will have an end; whereas that which is founded on true virtue, will always continue.



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Music might tame and civilize wild beasts, but 'tis evident it never yet could tame and civilize musicians.



You're not turning the picture over to a system or a process, you are the process, and the most important thing is to have things exactly as you want them.

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Quote Description


This page presents the quote "If you take from a theory only the conclusions you like and discard the rest, you are using the theory as a drunkard uses a lamp post-for support rather than illumination.". Author of this quote is Greg Mankiw. This quote is about illumination, support, theory, lamps,.