Maurice Allais Quotes


It is a dangerous thing for the educated classes of important countries not to speak foreign languages. We are heading into an era of greater mutual incomprehension among peoples, when demographic trends are destabilizing many countries, when Latin America is economically unstable, when communist societies are unstable, when we may be on the edge of chaos.


Citations

Maurice Allais, Nobel Laureate in Economics [France], Quoted in The Washington Post, August 28, 1989

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Maurice Allais
Maurice Allais
  • Born: May 31, 1911
  • Died: October 9, 2010
  • Nationality: French
  • Profession: Economist

Maurice Félix Charles Allais was a French physicist and economist, the 1988 winner of the Nobel Memorial Prize in Economic Sciences "for his pioneering contributions to the theory of markets and efficient utilization of resources", for Maurice Allais contribution, along with John Hicks (Value and Capital, 1939) and Paul Samuelson (The Foundations of Economic Analysis, 1947), to neoclassical synthesis. They formalize the self-regulation of markets, that Keynes refuted, while reiterating some of his ideas.