Source: Psychology and Industrial Efficiency (1913), p. 18-19
“Economics is not an exact science.”
Source: The Age of Uncertainty (1977), Chapter 1, p. 36
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John Kenneth Galbraith 207
American economist and diplomat 1908–2006Related quotes
“Politics is not an exact science.”
Die Politik ist keine exakte Wissenschaft.
Speech to Prussian upper house (18 December 1863)
Politics is not a science, as the professors are apt to suppose. It is an art.
Expression in the Reichstag (1884), as quoted in The Quote Verifier : Who Said What, Where, and When (2006) by Ralph Keyes
1860s
Variant: Die Politik ist keine Wissenschaft, wie viele der Herren Proffessoren sich einbilden, sondern eine Kunst.
“but, in reality, there is no such thing as an exact science.”
Source: The Theory of Political Economy (1871), Chapter I, Introduction, p. 40.
“An exact science is one that admits loss.”
The German Order
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)
Source: Talks on Pedagogics, (1894), p. 64. Reported in Robert Edouard Moritz. Memorabilia mathematica; or, The philomath's quotation-book https://archive.org/stream/memorabiliamathe00moriiala#page/81/mode/2up, (1914), p. 263
“Economics is a social science, not a physical science.”
Part 1, Chapter 1, The Economy and Economics, p. 23
Economics For Everyone (2008)
As quoted in Dictionary of Scientific Biography (1970 - 1990) edited by M Steck.