General Principles Quotes

The truth of good economic doctoring is to know the general principles, and to really know the specifics. To understand the context, and also, to understand that an economy may need some tender loving care, not just the so-called hard truths, if it's going to get by.

General principles... are to the facts as the root and sap of a tree are to its leaves.

Though the general principles of statecraft have survived the rise and fall of empires, every increase in knowledge has brought about changes in the political, economic, and social structure.

Bottom up thinkers try to start from experience and move from experience to understanding. They don't start with certain general principles they think beforehand are likely to be true; they just hope to find out what reality is like.

The business of a Political Economist is neither to recommend nor to dissuade, but to state general principles, which it is fatal to neglect, but neither advisable, nor perhaps practicable, to use as the sole, or even the principal, guides in the actual conduct of affairs.