They even recognize the chasm between economic theory and political reality.
Sing, that is, until the music stops, as it did in Europe, and theory meets reality.
Now, this is all theory, and theory is all well and good, but making it happen in reality is not so easy.
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Yet this meritocratic theory clashes with the reality of segregation and poverty.
Today, science is the religion to which we try and understand reality and science is more about seeking perceptual validation through observation, through experiment theory.
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When the practice of managing up gets confused with promotion of self-interest, brown-nosing, manipulation, the gymnastics of corporate climbing, or other mind games, a good theory rapidly becomes twisted resulting in a false and dangerous reality.
This in theory has introduced a hefty dose of welcome competition, and in reality a greater one of uncertainty.
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The company, currently comprising eight employees, has spent a lot of time thinking and planning in order to take this idea from theory to reality.
Valuation theory has become so formalistic and abstract that it has become almost completely divorced from reality.
But it will be some time before this grand vision becomes reality, and in the meantime practice is pulling worryingly ahead of theory.
The charitable ways of Gates and Buffett also provide living proof that the "trickle-down theory" is in fact reality.
Unfortunately, reality is a bit more complicated, and on closer examination, the details void the whole theory.
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The department consulted female prisoners as to whether they would prefer to have Sky Sports News, like the men, or E4 - which is run by Channel 4 and known for reality shows like Made in Chelsea, soap opera Hollyoaks and US comedies like The Big Bang Theory.
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