
“Data always overruled theory.”
Part 2, Chapter 10 (p. 111)
Cosm (1998)
Coase states that he said this in a talk at the University of Virginia in the early 1960s and that this saying, "in a somewhat altered form, has taken its place in the statistical literature."
Alternative: "If you torture the data long enough, it will confess."
Cited in: Gordon Tullock, "A Comment on Daniel Klein's 'A Plea to Economists Who Favor Liberty'", Eastern Economic Journal, Spring 2001.
1960s-1980s, "How should economists choose?" (1981)
Source: Essays on Economics and Economists
“Data always overruled theory.”
Part 2, Chapter 10 (p. 111)
Cosm (1998)
Kaoru Ishikawa in: Annual Quality Congress Transactions, (1981), p. 130
The New York Times: Jeff Hawkins Develops a Brainy Big Data Company https://bits.blogs.nytimes.com/2012/11/28/jeff-hawkins-develops-a-brainy-big-data-company/ (28 November 2012)
Quote from Boudin's Journal, March 1854; as cited in Eugène Boudin, G. Jean-Aubrey & Robert Schmit, Greenwich, New York graphic society, 1968, p. 24
1850s - 1870s
“You need to know enough of the natural sciences so that you are not a stranger in the world.”
The Storm Over the University (December 6, 1990)
“Competition was natural enough at one time, but do you think you are competing today?”
The Issue (1908)
Context: Competition was natural enough at one time, but do you think you are competing today? Many of you think you are. Against whom? Against Rockefeller? About as I would if I had a wheelbarrow and competed with the Santa Fe from here to Kansas City.
"The Christian System" in Religion: A Dialogue, and Other Essays (1910) as translated by Thomas Bailey Saunders, p. 106
Context: The bad thing about all religions is that, instead of being able to confess their allegorical nature, they have to conceal it; accordingly, they parade their doctrines in all seriousness as true sensu proprio, and as absurdities form an essential part of these doctrines we have the great mischief of a continual fraud. Nay, what is worse, the day arrives when they are no longer true sensu proprio, and then there is an end of them; so that, in that respect, it would be better to admit their allegorical nature at once. But the difficulty is to teach the multitude that something can be both true and untrue at the same time. Since all religions are in a greater or less degree of this nature, we must recognise the fact that mankind cannot get on without a certain amount of absurdity, that absurdity is an element in its existence, and illusion indispensable; as indeed other aspects of life testify.