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
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
Religion and art spring from the same root and are close kin. Economics and art are strangers.Willa Sibert Cather
Economics is a social science, not a physical science.jim stanford
Economics is a social science, not a physical science.
Software Engineering Economics is an invaluable guide to determining software costs, applying the fundamental concepts of microEconomics to software engineering, and utilizing economic analysis in software engineering decision making.
Modern Economics and the welfare state borrowed heavily on the future.gregory benford
Economic theory is the most prestigious subject of instruction and study. Agricultural Economics, labor Economics and marketing are lower caste fields of study.john kenneth galbraith
PLEASURE and pain are undoubtedly the ultimate objects of the calculus of Economics. To satisfy our wants to the utmost with the least effort - to procure the greatest amount of what is desirable at the expense of the least that is undesirable - in other words, to maximize pleasure, is the problem of Economics.william stanley jevons
My principal work now lies in tracing out the exact nature and conditions of utility. It seems strange indeed that economists have not bestowed more minute attention on a subject which doubtless furnishes the true key to the problems of Economics.william stanley jevons
It is no crime to be ignorant of Economics, which is, after all, a specialized discipline and one that most people consider to be a 'dismal science.' But it is totally irresponsible to have a loud and vociferous opinion on economic subjects while remaining in this state of ignorance.murray rothbard
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.jim stanford
[There will be movement toward] behavioral Economics... [which] involves study of those aspects of men’s images, or cognitive and affective structures that are more relevant to economic decisions.kenneth boulding
A religious phenomenon will only be recognized as such if it is grasped at its own level, that is to say, if it is studied as something religious. To try to grasp the essence of such phenomenon by means of physiology, psychology , sociology , Economics , linguistics , art or any other study is false; it misses the one unique and irreducible element in it the element of the sacred .mircea eliade
Too large a proportion of recent "mathematical" Economics are mere concoctions, as imprecise as the initial assumptions they rest on, which allow the author to lose sight of the complexities and interdependencies of the real world in a maze of pretentious and unhelpful symbols.john maynard keynes
It's actually a tribute to the quality of Economics teaching that they have persuaded so many generations of students to believe in so much that seems so counter to what the world is like. Many of the things that I'm going to describe make so much more common sense than these notions that seem counter to what ones eyes see every day.joseph e. stiglitz
By any reasonable criteria, the discipline of Economics as a whole, in its present state, is sadly lacking.
Political science is governed by five myths: (1) that it studies politics ; (2) that it is scientific; (3) that it is possible to study politics separated off from Economics , sociology , psychology and history ; (4) that the state in our democratic capitalist society is politically neutral, i.e. available as a set of institutions and mechanisms to whatever group wins the election ; and (5) that political science, as a discipline , advances the cause of democracy .