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— Muhammad Yunus"We believe that poverty does not belong in a civilized human society. It belongs in museums [...] A poverty-free world might not be perfect, but it would be the best approximation of the ideal."
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Experimental science hardly ever affords us more than approximations to the truth; and whenever many agents are concerned we are in great danger of being mistaken.
— Humphry Davy
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Personally, I don't see old economics and behavioural economics as opposed. It is useful to assume people are rational as a good approximation to their long term behaviour, but it would be unwise not to think how in practice their behaviour may deviate from that simplifying assumption.
— Evan Davis
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