Prague, Czech Republic

Economic Theory

Ekonomická teorie

Language: Czech Studies in Czech
Subject area: economy and administration
University website: www.vse.cz
Years of study: 4
Theory
A theory is a contemplative and rational type of abstract or generalizing thinking, or the results of such thinking. Depending on the context, the results might, for example, include generalized explanations of how nature works. The word has its roots in ancient Greek, but in modern use it has taken on several related meanings.
Theory
If you refuse to take account of theory, then you have forgotten that practice is often an offspring of theory.
Fausto Cercignani in: Brian Morris, Simply Transcribed. Quotations from Writings by Fausto Cercignani, 2014, quote 54.
Theory
All men suppose what is called Wisdom to deal with the first causes and the principles of things; so that, as has been said before, the man of experience is thought to be wiser than the possessors of any sense-perception whatever, the artist wiser than the men of experience, the masterworker than the mechanic, and the theoretical kinds of knowledge to be more of the nature of Wisdom than the productive.
Aristotle, Metaphysics, 982a1, Complete Works, vol. 2, p. 1553
Theory
A theory is the more impressive the greater the simplicity of its premises is, the more different kinds of things it relates, and the more extended its area of applicability.
Albert Einstein, "Autobiographical Notes," in Albert Einstein: Philosopher-Scientist, P. Schlipp, ed. (Cambridge University Press, London: 1949), p. 33
Young researchers have received theoretical and practical skills training to study nitrogen at the Ny-Alesund Arctic research centre in Svalbard, Norway.
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