Keynesian modelling relies on marginal propensity to consume and marginal propensity to invest. The idea that if we give more money to the poor, they have a propensity to consume that's much higher than the wealthy, though I wish they would talk to my wife about that; she seems to have a propensity to consume.
Myron Scholes0
Next quotes
Myron Scholes:
A futures contract is a derivative, but the futures exchange doesn't call them 'derivatives,' theyMyron Scholes:
The experience of the '90s, whether it's the '94 peso crisis or the '97 crisis in Asia, the '98 criMyron Scholes:
If we internationalize everything, we end up with rules that stifle freedom and innovation.Myron Scholes:
From an early age I was very, very fascinated by uncertainty.Myron Scholes:
My first reaction on being awarded the Nobel Prize was, actually, I thought of Fischer Black, my coMyron Scholes:
I was involved with Wells Fargo Bank as a consultant in the late 1960s and early 1970s, when I suggMyron Scholes:
Sometimes the early bird gets the worm, but sometimes the early bird gets frozen to death.Myron Scholes:
My career in academic research has not been involved with active management of securities. I've triMyron Scholes:
My view is that one should diversify broadly across different fund investments. However, it's toughMyron Scholes:
Innovation must lead infrastructure for a simple but compelling reason: Innovation produces new typ