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Oskar Morgenstern Quote

Now, in the modern money economy everything in the nature of a social-economic occurrence consists in human actions and behaviour.

Oskar Morgenstern

Now, in the modern money economy everything in the nature of a social-economic occurrence consists in human actions and behaviour.

Tags: economics, economy, human action

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About Oskar Morgenstern

Oskar Morgenstern (January 24, 1902 – July 26, 1977) was a German-born economist. In collaboration with mathematician John von Neumann, he founded the mathematical field of game theory as applied to the social sciences and strategic decision-making (see von Neumann–Morgenstern utility theorem).
Companies he served as founder/co-founder of included Market Research Corporation of America, Mathematica and Mathematica Policy Research.