Practice
Main articles: Economic methodology, Mathematical economics, and Schools of economicsContemporary economics uses mathematics. Economists draw on the tools of calculus, linear algebra, statistics, game theory, and computer science. Professional economists are expected to be familiar with these tools, while a minority specialize in econometrics and mathematical methods.
Read more about this topic: Modern Economics
Famous quotes containing the word practice:
“Communism to me is one-third practice and two-thirds explanation.”
—Will Rogers (1879–1935)
“Tricks and treachery are the practice of fools that have not wit enough to be honest.”
—François, Duc De La Rochefoucauld (1613–1680)
“Like the British Constitution, she owes her success in practice to her inconsistencies in principle.”
—Thomas Hardy (1840–1928)