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George Soros Quotes: The concept of a general equilibrium has no relevance to the real world (in other words, classical economics is an exercise in futility).
         

The concept of a general equilibrium has no relevance to the real world (in other words, classical economics is an exercise in futility).


George Soros
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Other quotes of George Soros


Once we realize that imperfect understanding is the human condition there is no shame in being wrong, only in failing to correct our mistakes.

Once we realize that imperfect understanding is the human condition there is no shame in being wrong, only in failing to correct our mistakes.



I'm not better than the next trader, just quicker at admitting my mistakes and moving on to the next opportunity.

I'm not better than the next trader, just quicker at admitting my mistakes and moving on to the next opportunity.



There is no point in being confident and having a small position.

There is no point in being confident and having a small position.



It's not whether you're right or wrong that's important, but how much money you make when you're right and how much you lose when you're wrong

It's not whether you're right or wrong that's important, but how much money you make when you're right and how much you lose when you're wrong



To others, being wrong is a source of shame; to me, recognizing my mistakes is a source of pride.

To others, being wrong is a source of shame; to me, recognizing my mistakes is a source of pride.



The main obstacle to a stable and just world order is the United States.

The main obstacle to a stable and just world order is the United States.



Now that I have called you on your false accusation, you are using additional smear tactics.

Now that I have called you on your false accusation, you are using additional smear tactics.



Esperanto was a very useful language, because wherever you went, you found someone to speak with.

Esperanto was a very useful language, because wherever you went, you found someone to speak with.



Stock market bubbles don't grow out of thin air. They have a solid basis in reality, but reality as distorted by a misconception.

Stock market bubbles don't grow out of thin air. They have a solid basis in reality, but reality as distorted by a misconception.



The sovereignty of states must be subordinated to international law and international institutions.

The sovereignty of states must be subordinated to international law and international institutions.





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Have faith have faith. When you have nothing else have faith.

Have faith have faith. When you have nothing else have faith.



Though I'm vegan and advocate that others eat a plant-based diet, I know that many people aren't quite ready to take that step in whole.

Though I'm vegan and advocate that others eat a plant-based diet, I know that many people aren't quite ready to take that step in whole.



What's so amazing about this historical moment is that it is bringing class to the fore and we have to think about the nature of work and hierarchy.

What's so amazing about this historical moment is that it is bringing class to the fore and we have to think about the nature of work and hierarchy.



There is no joy so great as that of reporting that a good play has come to town.

There is no joy so great as that of reporting that a good play has come to town.



Good-bye, Graystripe. I love you. Take care of our kits.

Good-bye, Graystripe. I love you. Take care of our kits.



Mother Nature is a freaky lady who probably created pot so she could spend all her time smoking it.

Mother Nature is a freaky lady who probably created pot so she could spend all her time smoking it.



I became sort of an aficionado on the Valentino pajamas, because I like those so much.

I became sort of an aficionado on the Valentino pajamas, because I like those so much.



How many are the pains of those who hunger for revenge! They gnaw away at themselves constantly, and they have killed themselves even before they kill their enemies.

How many are the pains of those who hunger for revenge! They gnaw away at themselves constantly, and they have killed themselves even before they kill their enemies.



I think that nowadays there are more images in the world than world to be in the pictures.

I think that nowadays there are more images in the world than world to be in the pictures.



There are good books which are only for adults. There are no good books which are only for children.

There are good books which are only for adults. There are no good books which are only for children.




Quote Description


This page presents the quote "The concept of a general equilibrium has no relevance to the real world (in other words, classical economics is an exercise in futility).". Author of this quote is George Soros. This quote is about real world, relevance, exercise, equilibrium, economics, futility, real, investing,.