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The advantages of models are, on one hand, that they force us to present a "complete" theory by which I mean a theory taking into account all relevan… - Jan Tinbergen
" "The advantages of models are, on one hand, that they force us to present a "complete" theory by which I mean a theory taking into account all relevant phenomena and relations and, on the other hand, the confrontation with observation, that is, reality.
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About Jan Tinbergen
Jan Tinbergen (April 12, 1903 – June 9, 1994) was a Dutch economist. He was awarded the first Bank of Sweden Prize in Economic Sciences in Memory of Alfred Nobel in 1969, which he shared with Ragnar Frisch for having developed and applied dynamic models for the analysis of economic processes. Tinbergen was a founding trustee of .
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J. Tinbergen
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Additional quotes by Jan Tinbergen
It is my hope that in such a way we may again, as Marx claimed, find scientific arguments in the competition between various systems, but up-to-date scientific arguments rather than obsolete ones. This more fundamental research in economics deserves relatively more attention and resources than the more superficial versions of economic research directed at forecasting or analysing very short-term fluctuations in market prices, on which quite some money is being spent to-day.
p. 3; Cited in: Economia e finanças: anais do Instituto superior de ciências económicas e financeiras. (1953), p. 463
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