“Econometrics is the name for a field of science in which mathematical-economic and mathematical-statistical research are applied in combination. Econometrics, therefore, forms a borderland between two branches of science, with the advantages and disadvantages thereof; advantages, because new combinations are introduced which often open up new perspectives; disadvantages, because the work in this field requires skill in two domains, which either takes up too much time or leads to insufficient training of its students in one of the two respects.”

— Jan Tinbergen

Source: Econometrics, 1951, p. 3; Cited in: Econometrica: journal of the Econometric Society. (1953) p. 36

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Jan Tinbergen 21

Dutch economist 1903–1994

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“As a boundary science, econometrics is younger than the adjacent regions, which fact likewise has advantages and disadvantages. As a disadvantage, the lack of an established doctrine, and also the lack of established textbooks, can be felt; as an advantage is the fresh enthusiasm, with which its students work.”

Jan Tinbergen (1903–1994) Dutch economist

Source: Econometrics, 1951, p. 3; Cited in: Economia e finanças: anais do Instituto superior de ciências económicas e financeiras. (1953), p. 463

“Intermediate between mathematics, statistics, and economics, we find a new discipline which, for lack of a better name, may be called econometrics. Econometrics has as its aim to subject abstract laws of theoretical political economy or "pure" economics to experimental and numerical verification, and thus to turn pure economics, as far as possible, into a science in the strict sense of the word.”

Ragnar Frisch (1895–1973) Norwegian economist

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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.
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“There is no certainty in sciences where one of the mathematical sciences cannot be applied, or which are not in relation with these mathematics.”

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“Much of present science rests on engineering tools, and as time goes on, engineering seems to involve more and more of the science part. …the two fields are growing together! …and now there is not enough time to allow us the leisure which comes from separating the two fields.”

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“The mere formulation of a problem is far more often essential than its solution, which may be merely a matter of mathematical or experimental skill. To raise new questions, new possibilities, to regard old problems from a new angle requires creative imagination and makres real advances in science.”

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“Dalton, the mathematical tutor, following up the lead of Newton, combined the whole of the results of quantitative measurement which had accumulated up to his time, in a comprehensive theory, based on the concept of the chemical atom.”

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