“The reality is that the institutional framework in which Wall Street o...” — Maurice Allais Quote

The reality is that the institutional framework in which Wall Street operates is fundamentally inappropriate, and it inevitably generates violent fluctuations of the market.

I received my high school baccalaureate diploma in Latin and Science in 1928, then my two baccalaureate diplomas in Mathematics and Philosophy in 1929.

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.

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.

Hong Kong was promised democracy under the framework known as 'one country, two systems,' and China is ignoring this promise. The international community should be more attuned to this. It matters.

Artists' obsessions with technology are not new, but in the late aughts, the work tended to focus on the possibility of the medium, treating technology like a new tool rather than a sociopolitical framework.

Greece has great strengths, but much of this potential has been wasted. That's because of a wider political system, but also because of a lack of an institutional framework.

We are always creating new tools and techniques to help people, but the fundamental framework is remarkably resilient, which means it must have something to do with the nature of organizations or human nature.