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:
“Know how to be content and you will never be disgraced; practice self-restraint and you will never be in danger.”
—Chinese proverb.
Laozi.
“The astonishment of life, is, the absence of any appearance of reconciliation between the theory and the practice of life.”
—Ralph Waldo Emerson (1803–1882)
“Communism to me is one-third practice and two-thirds explanation.”
—Will Rogers (1879–1935)