Source: "The Latest Attack on Metaphysics" (1937), p. 133.
“Thought-economy is most highly developed in mathematics, that science which has reached the highest formal development, and on which natural science so frequently calls for assistance. Strange as it may seem, the strength of mathematics lies in the avoidance of all unnecessary thoughts, in the utmost economy of thought-operations. The symbols of order, which we call numbers, form already a system of wonderful simplicity and economy. When in the multiplication of a number with several digits we employ the multiplication table and thus make use of previously accomplished results rather than to repeat them each time, when by the use of tables of logarithms we avoid new numerical calculations by replacing them by others long since performed, when we employ determinants instead of carrying through from the beginning the solution of a system of equations, when we decompose new integral expressions into others that are familiar,—we see in all this but a faint reflection of the intellectual activity of a Lagrange or Cauchy, who with the keen discernment of a military commander marshalls a whole troop of completed operations in the execution of a new one.”
Source: 20th century, "Populär-wissenschafliche Vorlesungen" (1908), pp. 224-225: On thought-economy in m., 203.
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Ernst Mach 12
Austrian physicist and university educator 1838–1916Related quotes
Ragnar Frisch (1926) "On a Problem in Pure Economics: Translated by JS Chipman." Preferences, Utility, and Demand: A Minnesota Symposium. 1926."
Original in French:
Intermediaire entre les mathematiques, la statistique et l'economie politique, nous trouvons une discipline nouvelle que ion peut, faute de mieux, designer sous le nom de reconometrie. L'econometrie se pose le but de soumettre les lois abstraites de l'economie politique theorique ou l'economie 'pure' A une verification experimentale et numeriques, et ainsi de constituer, autant que cela est possible, l'economie pure en une science dans le sens restreint de ce mot.
1920
100 Years of Mathematics: a Personal Viewpoint (1981)
Letter to Henrietta Jevons (28 February 1858), published in Letters and Journal of W. Stanley Jevons (1886), edited by Harriet A. Jevons, his wife, p. 101.
Context: You will perceive that economy, scientifically speaking, is a very contracted science; it is in fact a sort of vague mathematics which calculates the causes and effects of man's industry, and shows how it may be best applied. There are a multitude of allied branches of knowledge connected with mans condition; the relation of these to political economy is analogous to the connexion of mechanics, astronomy, optics, sound, heat, and every other branch more or less of physical science, with pure mathematics.
James Joseph Sylvester, Collected Mathematical Papers, Vol. 1 (1904), p. 91.
There is an abstract rationale of all conduct which is rational at alt, and a rationale of all social relations arising through the organization of rational activity.
Source: "The limitations of scientific method in economics", 1924, p. 127 (2009 edition)
That these are the laws employed in the demonstration of the principal theorems in Algebra, a slight examination of the processes will easily shew ; but they are not confined to symbols of numbers ; they apply also to the symbol used to denote differentiation.
p. 237 http://books.google.com/books?id=8lQ7AQAAIAAJ&pg=PA237; Highlighted section cited in: George Boole " Mr Boole on a General Method in Analysis http://books.google.com/books?pg=PA225-IA15&id=aGwOAAAAIAAJ&hl," Philosophical Transactions, Vol. 134 (1844), p. 225; Other section (partly) cited in: James Gasser (2000) A Boole Anthology: Recent and Classical Studies in the Logic of George Boole,, p. 52
Examples of the processes of the differential and integral calculus, (1841)