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" I received my high school baccalaureate diploma in Latin and Science in 1928, then my two baccalaureate diplomas in Mathematics and Philosophy in 1929. "
Maurice Allais
Mathematics
School
Science
Related Quotes:
" It is understandable that the Fed injects cash to avoid the collapse of the stock market, but basically it is bad policy for monetary authorities to intervene to save speculators from bankruptcy. This is not their role. "
Maurice Allais
Cash
Policy
Stock Market
" The reality is that the institutional framework in which Wall Street operates is fundamentally inappropriate, and it inevitably generates violent fluctuations of the market. "
Maurice Allais
Violent
Reality
Street
" In principle, junk bonds are basically useful, but they are used excessively and irrationally, notably in takeovers. "
Maurice Allais
Principle
Used
Junk
" At the beginning of my career, my desire to understand was associated with a profound desire to act, with the wish to influence opinion and policy; but, over the years, this motivation has come to be of secondary importance, far behind my desire to understand. "
Maurice Allais
Wish
Motivation
Beginning
" I was born May 31, 1911, in Paris. My parents owned a small cheese shop, and my maternal grandfather was a carpentry worker. I thus came from what is commonly known as the working class. "
Maurice Allais
Grandfather
Born
Parents
" We must take the world as it is and not as we would like it to be. "
Maurice Allais
World
Would
Take
" Fascinated by history during my secondary education, then by physics and mechanics at the Ecole Polytechnique, I finally entered the national administration of mines in 1936. "
Maurice Allais
Education
History
Finally
" I am not a monetarist, and I am not a Keynesian. On certain points I agree with each. "
Maurice Allais
Agree
Certain
Each
" In August 1914, my father was called to war and then taken prisoner. He died in captivity in Germany on March 27, 1915. My youth - indeed, my entire life - was deeply marked by this, directly and indirectly. "
Maurice Allais
August
Youth
March
" It would be just as pointless to oppose the international use of English today as it would have been to oppose the worldwide use of French in the 18th century. "
Maurice Allais
Just
Today
English
" All science is based on models, and every scientific model comprises three distinct stages: statement of well-defined hypotheses; deduction of all the consequences of these hypotheses, and nothing but these consequences; confrontation of these consequences with observed data. "
Maurice Allais
Three
Consequences
Data
" Wall Street has become a veritable casino. "
Maurice Allais
Become
Wall
Street
" My approach has never been to start from theories to arrive at facts, but on the contrary, to try to bring out from the facts the explanatory thread without which they appear incomprehensible and elude effective action. "
Maurice Allais
Bring
Facts
Never
" Throughout the years following World War II and until the formation of the European Economic Community in 1958, I was very active as a national or international rapporteur at many of the international conferences aiming to establish an European community. "
Maurice Allais
War
Community
World