Oskar Morgenstern said this quote

“ Our knowledge of dynamic processes is necessarily inferior to our ability to describe stationary conditions. ”

Famous Quotes of Oskar Morgenstern

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Now, in the modern money economy everything in the nature of a social-economic occurrence consists in human actions and behaviour.

~ Oskar Morgenstern

...the facts of economic life cannot be comprehensively described in terms of statistics.

~ Oskar Morgenstern