In economics, unlike fiction and the theater, there is no harm in a premature disclosure of the plot: it is to see the changes just mentioned and others as an interlocked whole.
The fundamental differences between Marxian and traditional orthodox Economics are, first, that the orthodox economists accept the capitalist system as part of the eternal order of Nature, while Marx regards it as a passing phase in the transition from the feudal economy of the past to the socialist economy of the future.joan robinson
Economics never was a dismal science. I should be a realistic science.paul samuelson
Conventions of generality and mathematical elegance may be just as much barriers to the attainment and diffusion of knowledge as may contentment with particularity and literary vagueness... It may well be that the slovenly and literary borderland between Economics and sociology will be the most fruitful building ground during the years to come and that mathematical Economics will remain too flawless in its perfection to be very fruitful.kenneth boulding
Economics are the method; the object is to change the heart and soul.margaret thatcher
If frequent teabreaks and other manifestations of disguised leisure are regarded as goodsand Economics suggests that they be so regardedtheir inclusion in any index of output per capita might go some way to enhance Britain's comparative performance.
The close relationship between politics and Economics is neither neutral nor coincidental. Large governments evolve through history in order to protect large accumulations of property and wealth.michael parenti
I work in the field of art, and you know how during a period of Marxist ideology, fewer people are inclined to believe in the power of the culture as a whole: they believe in the revolutionary potential of Economics, class struggle theory...Therefore it’s time to show that art means the power of creativity, and it’s time to define art in a larger way, to include science and religion too.joseph beuys
Any system of Economics is bankrupt if it sees either value or virtue in unemployment.jimmy carter
Economists tell us that the 'price' of an object and its 'value' have very little or nothing to do with one another. 'Value' is entirely subjective economic value, anyway while 'price' reflects whatever a buyer is willing to give up to get the object in question, and whatever the seller is willing to accept to give it up. Both are governed by the Law of Marginal Utility, which is actually a law of psychology, rather than Economics. For government to attempt to dictate a 'fair price' betrays complete misunderstanding of the entire process.l. neil smith
It is almost as hard to define mathematics as it is to define Economics, and one is tempted to fall back on the famous old definition attributed to Jacob Viner, “Economics is what economists do,” and say that mathematics is what mathematicians do. A large part of mathematics deals with the formal relations of quantities or numbers.kenneth boulding
Economics, we learn in the history of thought, only became a science by escaping from the casuistry and moralizing of medieval thought.kenneth boulding
95% of Economics is common sense deliberately made complicated.
Economics is on the side of humanity now.
Certainly if the fundamental problem of society is that demands are infinite and resources are always limited, politics, not Economics is the master science.bernard crick
One of the crucial problems we have as a party is that we have brought our leadership in from much too narrow a group. Basically Oxbridge graduates, in particular Economics graduates, politics graduates, social scientists and lawyers. We need to reconnect to working-class communities, we have to reconnect to ethnic minority communities and bring up real leaders from within the people we represent.glasman, maurice, baron glasman
Marx, however imperfectly he worked out the details, set himself the task of discovering the law of motion of capitalism, and if there is any hope of progress in Economics at all, it must be in using academic methods to solve the problems posed by Marx.joan robinson
The theory of repeated games is able to account for phenomena such as altruism, cooperation, trust, loyalty, revenge, threats (self-destructive or otherwise) – phenomena that may at ?rst seem irrational – in terms of the “sel?sh” utility-maximizing paradigm of game theory and neoclassical Economics .robert aumann
But when reason and the study of history began revealing the irrationality, the limitations, and the merely transitory nature of the capitalist order, bourgeois ideology as a whole and with it bourgeois Economics began abandoning both reason and history.paul a. baran
Science is the only news. When you scan through a newspaper or magazine, all the human interest stuff is the same old he-said-she-said, the politics and Economics the same sorry cyclic dramas, the fashions a pathetic illusion of newness, and even the technology is predictable if you know the science. Human nature doesn’t change much; science does, and the change accrues, altering the world irreversibly.stewart brand
Marx claimed in Volume 1 [of Capital ] that there was some interesting Economics involved in a labor theory of value, and some believe his greatest fame in pure Economics lies in his attempted analysis of "surplus value." Although he promised to clear up the contradiction between "price" and "value" in later volumes, neither he nor Engels ever made good this claim.karl marx
I'm going to be honest: I know a lot less about Economics than I do about military and foreign policy issues. I still need to be educated.john mccain
Whatever their limitations, Freud and Marx developed complex and subtle theories of human nature grounded in their observation of individual and social behavior. The crackpot rationalism of free-market Economics merely relies on an abstract model of how people "must" behave.ellen willis
What makes Economics different from and inferior to other sciences is the tenacity with which it holds to its core beliefs in the face of either contrary factual evidence or theoretical critiques that establish fundamental inconsistencies in its intellectual apparatus.
Never trust an economist with your job. Learn about Economics yourself. And make up your own mind about what might protect your job – and what might destroy it.
Information management is the direct progney of information technology. No wonder, some critics have identified it with information Economics. The world of information management is a world of inputs and outputs, in which value additions are the ultimate criteria."
The purpose of studying Economics is not to acquire a set of ready-made answers to economic questions, but to learn how to avoid being deceived by economists.
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