Robin Matthews Zitate

Robert Charles Oliver „Robin“ Matthews war ein britischer Wirtschaftswissenschaftler und Schachkomponist. Wikipedia

✵ 16. Juni 1927 – 19. Juni 2010

Robin Matthews: 4 Zitate0 Gefällt mir

Robin Matthews: Zitate auf Englisch

“R. C. O. Matthews (1986), "Presidential Address to the Royal Economic Society." as cited in Eggertsson”

Help us translate this quote

R. C. O. Matthews

1990; 31-32

“[Neoinstitutional Economics…] theory has made an indispensable contribution in recent times to advances of understanding in this area. But it seems to me that in the economics of institutions theory is now outstripping empirical research to an excessive extent. No doubt the same could be said of other fields in economics, but there is a particular point about this one. Theoretical modelling may or may not be more difficult in this field than in others, but empirical work is confronted by a special difficulty. Because economic institutions are complex, they do not lend themselves easily to quantitative measurement. Even in the respects in which they do, the data very often are not routinely collected by national statistical offices. As a result, the statistical approach which has become the bread and butter of applied economics is not straightforwardly applicable. Examples of it do exist, the literature on the economics of slavery being perhaps the most fully developed - not surprisingly because slavery is an institution that is sharply defined. But to a large extent the empirical literature has consisted of case-studies which are interesting but not necessarily representative, together with a certain amount on legal court cases, which are almost certainly not representative. Is this the best we can do? There is a challenge here on the empirical side to economists to see what is the best way forward.”

Help us translate this quote

R. C. O. Matthews

“The fundamental idea of transaction costs is that they consist of the cost of arranging a contract ex ante and monitoring and enforcing it ex post, as opposed to production costs, which are the costs of executing a contract.”

Help us translate this quote

R. C. O. Matthews

Quelle: "The Economics of Institutions and the Sources of Growth." 1986, p. 904; as cited in Eggertsson (1990; 14)

“"The chief fault in English economists at the beginning of the [nineteenth] century was… that they did not see how liable to change are the habits and institutions of industry." Thus Marshall in his inaugural lecture as Professor of Political Economy in Cambridge, referring to Ricardo (Marshall 1885, p. 155). In the circumstances of that occasion, the remark may have been intended in some part as an olive branch, because the only other serious contender for the Chair had been the High Tory economic historian William Cunningham, Archdeacon of Ely, famous as an anti-theoretical institutionalist and famous also as a polemicist - he was the clergyman who once told his congregation that for him the bliss of Heaven would be incomplete if it lacked the pleasures of controversy.”

Help us translate this quote

R. C. O. Matthews

Quelle: "The Economics of Institutions and the Sources of Growth." 1986, p. 903

Ähnliche Autoren

John Maynard Keynes Foto

John Maynard Keynes14

britischer Ökonom, Politiker und Mathematiker None

Friedrich August von Hayek Foto

Friedrich August von Hayek5

österreichischer Ökonom und Sozialphilosoph None

Peter Drucker Foto

Peter Drucker60

US-amerikanischer Ökonom österreichischer Herkunft None

Doris Lessing Foto

Doris Lessing4

britische Schriftstellerin None

William Golding Foto

William Golding3

britischer Schriftsteller None

Douglas Adams Foto

Douglas Adams66

britischer Schriftsteller None

Zygmunt Bauman Foto

Zygmunt Bauman70

britisch-polnischer Soziologe und Philosoph None

Richard Branson Foto

Richard Branson16

britischer Unternehmer und Ballonfahrer None

Freddie Mercury Foto

Freddie Mercury72

britischer Rocksänger None

Anthony Hopkins Foto

Anthony Hopkins1

britisch-amerikanischer Schauspieler None