Oskar Morgenstern Quotes

4 Sourced Quotes

Recovery is therefore something much more elemental. It aims at continuation of life, on a simple and primitive basis. From mere survival, in view of perhaps a hundred million people killed within a few days, to the construction of a society which adheres to the lofty ideas we cherish today is a long way. And the survivors may develop ideals so different from ours that we may not recognize the country— should we live to make the comparison, or, living, should we care to make it even if we could.

Oskar Morgenstern

All economic decisions, whether private or business, as well as those involving economic policy, have the characteristic that quantitative and non-quantitative information must be combined into one act of decision. It would be desirable to understand how these two classes of information can best be combined.

Oskar Morgenstern

Alliances are always weaker in peacetime; alliances tend to become hard and fast and strong when things are going badly... but when things are going well, cooperation is hard to achieve.

Oskar Morgenstern

The emphasis on mathematical methods seems to be shifted more towards combinatorics and set theory — and away from the algorithm of differential equations which dominates mathematical physics.

Oskar Morgenstern

Oskar Morgenstern

Oskar Morgenstern

Born: January 24, 1902

Died: July 26, 1977 (aged 75)

Bio: Oskar Morgenstern was a German-born economist. In collaboration with mathematician John von Neumann, he founded the mathematical field of game theory and its application to economics.

Oskar Morgenstern on Wikipedia

Suggest an edit or a new quote

American Economist Quotes

Economist Quotes

20th-century Economist Quotes