“Because planned economies have historically failed, new modeling techniques are needed.”

—  Sheyene Gerardi

[Sheyene Institute Founder`s Letter, http://www.aero-news.net/index.cfm?do=main.textpost&id=38c46884-5abc-491a-89aa-c9bb0b71195c]

Adopted from Wikiquote. Last update Oct. 26, 2021. History

Help us to complete the source, original and additional information

Do you have more details about the quote "Because planned economies have historically failed, new modeling techniques are needed." by Sheyene Gerardi?
Sheyene Gerardi photo
Sheyene Gerardi 12
Venezuelan actor and model

Related quotes

“Economists of the modern school will no doubt protest that I have said nothing of the use of budget deficits or surpluses for the control of the economy in general. I doubt if such techniques would ever be appropriate in Hong Kong's exposed economic position; and I think they are certainly not appropriate at present, when in strict orthodoxy they would suggest the need to plan for a very substantial surplus "to take the heat out of the economy". Although we have in fact run substantial surpluses in recent years we have not done so with deflationary effect because we have not removed them from the economy but have left them inside the Colony's banking system to continue to work for the economy. $500 million or 55% of reserves are so held at present.”

John James Cowperthwaite (1915–2006) British colonial administrator

February 26, 1964, page 47.
Official Report of Proceedings of the Hong Kong Legislative Council

“Failing to plan is planning to fail”

Alan Lakein (1973) American writer
Murray Leinster photo

“He’d gone to Walden in the hope of achievement. There, of course, he failed because in a free economy industrialists consider that freedom is the privilege to be stupid without penalty. In other than free economies, of course, stupidity is held to be the duty of administrators. But Hoddan now believed himself in the fascinating situation of having knowledge and abilities which were needed by people who knew their need.”

Murray Leinster book The Pirates of Zan

Source: The Pirates of Zan (1959), Chapter 10

Randy Pausch photo

“Failing to plan is planning to fail. Plan Each Day, Each Week, Each Semester. You can always change your plan, but only once you have one!”

Randy Pausch (1960–2008) American professor of computer science, human-computer interaction and design

Time Management (2007)

“The need is not for the creation of new analytical techniques specially designed for the negotiation process, but rather for the creative use of analytical thinking that exploits existing techniques.”

Howard Raiffa (1924–2016) American academic

Epilogue, p. 360.
The Art and Science of Negotiation (1982)

Harvey Mackay photo

“If you fail to plan, then you plan to fail.”

Harvey Mackay (1932) American businessman and journalist
K. R. Narayanan photo

“We in India, as a result of our planned economic development, not central planning, but mixed planning, mixed economy, we have experimented with, we have moved to a stage of partial maturity of the economy, when we needed new forms of management, new forms of, expression of the spirit of enterprise, so that the economy can move forward. The compulsion to liberalisation and globalisation arose from this. This is why we say that India's liberalisation is an irreversible process…. and, in a vast country, with millions of people and poverty, rampant, we cannot liberalise recklessly, in such a way that the balance of the society is upset and while some sections would flourish, make profits, the rest of the people would be left without employment and be helpless. Therefore, we have to have a balanced approach to liberalisation and also to globalisation.”

K. R. Narayanan (1920–2005) 9th Vice President and the 10th President of India

Shri K. R. Narayanan President of India in Conversation with N. Ram on Doordarshan and All India Radio

“Geographically, the global economy is now multi-polar, as new centres of production have emerged in parts of what had been, historically, the periphery of the world economy. The world is now more accurately described as a 'mosaic of unevenness in a continual state of flux.”

Peter Dicken (1938) British geographer

Source: Global Shift (2003) (Fourth Edition), Chapter 15, Winners and Losers, p. 509

Benoît Mandelbrot photo

“A complicated phenomenon need not be fractal, but finding that a phenomenon is "not even fractal" is bad news, because so far nobody has invested anywhere near my effort in identifying and creating new techniques valid beyond fractals.”

Benoît Mandelbrot (1924–2010) Polish-born, French and American mathematician

A Theory of Roughness (2004)
Context: Do I claim that everything that is not smooth is fractal? That fractals suffice to solve every problem of science? Not in the least. What I'm asserting very strongly is that, when some real thing is found to be un-smooth, the next mathematical model to try is fractal or multi-fractal. A complicated phenomenon need not be fractal, but finding that a phenomenon is "not even fractal" is bad news, because so far nobody has invested anywhere near my effort in identifying and creating new techniques valid beyond fractals. Since roughness is everywhere, fractals — although they do not apply to everything — are present everywhere. And very often the same techniques apply in areas that, by every other account except geometric structure, are separate.

Karl Lagerfeld photo

“The secret to modeling is not being perfect. What one needs is a face that people can identify in a second. You have to be given what’s needed by nature, and what’s needed is to bring something new.”

Karl Lagerfeld (1933–2019) German fashion designer

Related topics