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The construction of an economic model, or of any model or theory for that matter (or the writing of a novel, a short story, or a play) consists of snatching from the enormous and complex mass of facts called reality, a few simple, easily-managed key points which, when put together in some cunning way, become for certain purposes a substitute for reality itself.
Evsey Domar
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Nobody ever did anything very foolish except from some strong principle.
William Lamb, 2nd Viscount Melbourne
Evsey Domar
Born:
April 16, 1914
Died:
April 1, 1997
(aged 82)
Bio:
Evsey David Domar was a Russian American economist, famous as co-author of the Harrod Domar model.
Evsey Domar on Wikipedia
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