“Economics is a very dangerous science.”

— John Maynard Keynes

Source: Essays In Biography (1933), Robert Malthus: The First of the Cambridge Economists, p. 128

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John Maynard Keynes122

British economist 1883–1946

Jim Stanford (1961) Canadian economist

Part 1, Chapter 1, The Economy and Economics, p. 23
Economics For Everyone (2008)

“It is clear that economics, if it is to be a science at all, must be a mathematical science.”

William Stanley Jevons The Theory of Political Economy

Source: The Theory of Political Economy (1871), Chapter I, Introduction, p. 38.

“Economics never was a dismal science. It should be a realistic science.”

Paul A. Samuelson (1915–2009) American economist

[Samuelson, Paul Anthony, Puttaswamaiah, K., 2002, Paul Samuelson and the Foundations of Modern Economics, 10 http://books.google.co.uk/books?id=_Lvflq4Wv-wC&lpg=PP1&pg=PA10] <br class="br">New millennium

“Economics is not an exact science.”

John Kenneth Galbraith (1908–2006) American economist and diplomat

Source: The Age of Uncertainty (1977), Chapter 1, p. 36

“You see economic science in your day was a science of things; in our day it is a science of human beings.”

Edward Bellamy book Equality

Equality (1897)

“Economics is not the Emperor of the social sciences, but the Humpty Dumpty.”

Steve Keen (1953) Australian economist

Source: Debunking Economics - The Naked Emperor Of The Social Sciences (2001), Chapter 3, The Price Of Everything And The Value Of Nothing, p. 83

“I will assert that U. S. economic growth is in lockstep with science and technology and, by extension, science education.”

Bill Nye (1955) American science educator, comedian, television host, actor, writer, scientist and former mechanical engineer

[NewsBank, J.D. Velasco, Study: California's elementary schools barely teach science, The Whittier Daily News, California, October 25, 2011]

“It is in the social sphere, in the realm of politics and economics, that the Will to Order becomes really dangerous.”

Aldous Huxley book Brave New World Revisited

Source: Brave New World Revisited (1958), Chapter 3 (p. 22)

“Economics is the most human of sciences. It is the science of wants and frustrations. It is psychology subject to the abstract, amplifying forces of mathematics.”

Ian McDonald book The Dervish House

Source: The Dervish House (2010), Ch. 2, §8 (p. 72)

“Adam Smith, who has strong claim to being both the Adam and the Smith of systematic economics, was a professor of moral philosophy and it was at that forge that economics was made. Even when I was a student, economics was still part of the moral sciences tripos at Cambridge University. It can claim to be a moral science, therefore, from its origin, if for no other reason. Nevertheless, for many economists the very term “moral science” will seem like a contradiction. We are strongly imbued today with the view that science should be wertfrei and we believe that science has achieved its triumph precisely because it has escaped the swaddling clothes of moral judgment and has only been able to take off into the vast universe of the “is” by escaping from the treacherous launching pad of the “ought.” Even economics, we learn in the history of thought, only became a science by escaping from the casuistry and moralizing of medieval thought.”

Kenneth E. Boulding (1910–1993) British-American economist

Source: 1960s, Economics As A Moral Science, 1969, p. 12

“Economics is a very dangerous science.”

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