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.


Attributed to Morgenstern in: John H. McArthur, Bruce R. Scott (1969), Industrial planning in France. p. 21.

Oskar Morgenstern Quotes

All economic decisions, whether private or business, as well as those involving economic policy, have the characteristic that quantitative and...

All economic decisions, whether private or business, as well as those involving economic policy, have the characteristic that quantitative and...

All economic decisions, whether private or business, as well as those involving economic policy, have the characteristic that quantitative and...

All economic decisions, whether private or business, as well as those involving economic policy, have the characteristic that quantitative and...