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:
“Toddlers who don’t learn gradually about disappointment lose their resilience through lack of practice in give-and-take with other people’s needs. They can become self-centered, demanding, and difficult to like or to be with.”
—Alicia F. Lieberman (20th century)
“By practice and conviction formed,
With ancient stubbornness ingrained,
Although her body clung and swarmed,
My own identity remained.”
—Yvor Winters (1900–1968)
“Abused as we abuse it at present, dramatic art is in no sense cathartic; it is merely a form of emotional masturbation.... It is the rarest thing to find a player who has not had his character affected for the worse by the practice of his profession. Nobody can make a habit of self-exhibition, nobody can exploit his personality for the sake of exercising a kind of hypnotic power over others, and remain untouched by the process.”
—Aldous Huxley (1894–1963)