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
Economics is not the Emperor of the social sciences, but the Humpty Dumpty.
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.Edwin Arlington Robinson
It is my guiding confession that I believe the greatest error in Economics is in seeing the economy as a stable, immutable structure.john kenneth galbraith
It is clear that Economics, if it is to be a science at all, must be a mathematical science.william stanley jevons
By any reasonable criteria, the discipline of Economics as a whole, in its present state, is sadly lacking.paul ormerod
Thus we seem to be on the verge of an expansion of welfare Economics into something like a social science of ethics and politics: what was intended to be a mere porch to ethics is either the whole house or nothing at all. In so laying down its life welfare Economics may be able to contribute some of its insights and analytical methods to a much broader evaluative analysis of the whole social process.kenneth boulding
Cowperthwaite was brilliant, well-trained in Economics, suffered no fools, and was highly principled. He wouldn't last five minutes in a similar post in Britain, since he was no predisposed to compromise any of his principles - only the constitutional structure of Hong Kong allowed him that power.john james cowperthwaite
Yes, we have to get Economics back into proportion, as one aspect of politics, important but never really the main thing. This may be unfashionable, indeed anti-fashionable, because it is the current intellectual fashions which have wrought so much havoc in this country.keith joseph
I do know enough about Economics and so do you to understand that the 'stimulus program' of Barack Obama and his ravenous parasitic hordes, supposedly designed to 'repair' America's broken economy, reveals him to be unimaginably stupid, gibberingly insane, or simply the biggest, most barefaced criminal thug ever to occupy the White House. And that's saying a lot.l. neil smith
The doctrine of population has been conspicuously absent, not because I doubt in the least its truth and vast importance, but because it forms no part of the direct problem of Economics.
The study of human societies and Economics is of great importance, and it is not the purpose of the book to suggest otherwise. Rather it is to argue that conventional Economics offers a very misleading view of how the world actually operates, and that it needs to be replaced.
To every outworn shibboleth of 19th-century Economics he clung with fanatic tenacity. Economy, Free Trade, Gold - these were the keynotes of his political philosophy, and deflation the path he trod with almost ghoulish enthusiasm.
"Software's the ultimate durable good, which of course in Economics makes it a very, very competitive market" Bill Gates