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Oskar Morgenstern Quotes

d. 1977 Germany

Oskar Morgenstern (January 24, 1902 – July 26, 1977) was a German-born economist, and prominent member of the Austrian School of Economics before the Second World War. Later in collaboration with mathematician John von Neumann, he founded the mathematical field of game theory and its application to economics.

Germany
Economists

Also known as: Oscar Morgenstern

Random Oskar Morgenstern quote

3 quotes

Alliances are always weaker in peacetime; alliances tend to become hard and fast and strong when things are going badly... but when things are going well, cooperation is hard to achieve.

"Wherever mathematics has entered it has never again been pushed out by other developments. The mathematization of an area of human endeavor is not a passing fad; it is the prime mover of scientific and technological progress."

As far as the use of mathematics in economics is concerned, there is an abundance of formulas where such are not needed. They are frequently introduced, one fears, in order to show off. The more difficult the mathematical theorem, the more esoteric the name of the mathematician quoted, the better.

Attribution

Quotes and notes from Wikiquote: Oskar Morgenstern (page history), available under CC BY-SA 4.0.