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.
Economics never was a dismal science. I should be a realistic science.paul samuelson
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
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
Unlike the position that exists in the physical sciences , in Economics and other disciplines that deal with essentially complex phenomena, the aspects of the events to be accounted for about which we can get quantitative data are necessarily limited and may not include the important ones.friedrich hayek
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
The branch of Economics dealing with how to enrich a new nation ('economic development' was the title) was actually forbidden by the courts, on the grounds that no university could pay for the damage its teachers did.
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
By any reasonable criteria, the discipline of Economics as a whole, in its present state, is sadly lacking.paul ormerod
The linear, mechanistic view of the world which pervades orthodox Economics is simply not capable of capturing the richness and complexity of the rhythms and fluctuations of developed economies.paul ormerod
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
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
I have been accused of being ignorant of Economics (although I am the founder and Chairman of the Board of a company which publishes seven professional economic newsletters), of being ignorant of sociology (although I am trained in sociology and was C. Wright Mills' research assistant at Columbia), of being unable to use statistics (although I earned my living as a professional statistician for five years) and of ignoring political factors (although all my graduate training was in political science).lloyd demause
Going to the moon is not a matter of physics but 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.
The hard evidence of totalitarian rule has caused in mankind an uprising of the intellect and will. Whether it is the growth of the new schools of Economics in America or England or the appearance of the so-called new philosophers in France, there is one unifying thread running through the intellectual work of these groups rejection of the arbitrary power of the state, the refusal to subordinate the rights of the individual to the superstate, the realization that collectivism stifles all the best human impulses.