It’s not just economics

“The real world is a special case.” Horngren’s Observation

3 Comments

Filed under Philosophy, Quotes

3 Responses to It’s not just economics

  1. Mobius

    Ah, yes. The real world destroys so many good ideas.

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  2. john monfries

    All right, I’ll ask the obvious question -

    How does he know?

    how many other worlds did he live in?

    (OK, two obvious questions)

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    • John Wilkins

      Pretty obvious. Any theoretical model one can set up has an indefinite number of values each parameter can take. It follows that each coordinate is a special case of the model. The world is therefore (since it must be represented by a coordinate if the model is adequate) a special case.

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