“It is important, therefore, to understand at the outset the simplicity of this book - what it can accomplish and what it cannot. What it does try to do is to isolate certain psychological factors and to demonstrate rigorously by quantitative scientific methods that these factors are generally important in economic development.”

Source: The Archiving Society, 1961, p. ix

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David C. McClelland16

American psychological theorist 1917–1998

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“The shaping influence of economic change can of course be distinguished, as most notably in the period with which this book is concerned. But the difficulty lies in estimating the final importance of a factor which never, in practice, appears in isolation.”

Raymond Williams book Culture and Society

Culture and Society (1958) p. 280

“Two important features in the modern development of economics are the application of mathematics to abstract economic reasoning… and the attempt at placing economics on a numerical and experimental basis by an intensive study of economic statistics.
Both these developments have a common characteristic: they emphasize the quantitative character of economics. This quantitative movement in our estimation is one of the most promising developments in modern economics. We also consider it important that the two aspects of the quantitative method referred to should be furthered, developed, and studied jointly as two integrating parts of economics.
We therefore venture to propose the establishment of an international periodical devoted to the advancement of the quantitative study of economic phenomena, and especially to the development of a closer relation between pure economics and economic statistics.
We believe that the scope of the new journal would be happily suggested if it is called "Oekonometrika."”

Ragnar Frisch (1895–1973) Norwegian economist

Accordingly, the quantitative study of economic phenomena here considered may be termed econometrics. <br class="br">Frisch (1927) as quoted in Divisia 1953, pp.24-25; Cited in: Bjerkholt, Olav. " Ragnar Frisch and the foundation of the Econometric Society and Econometrica http://www.ssb.no/a/histstat/doc/doc_199509.pdf." ECONOMETRIC SOCIETY MONOGRAPHS 31 (1998): 26-57. <br class="br">Lead paragraph of a memorandum on the importance of establishing the journal "Oekonometrika" <br class="br">1920

“Factor analysis, i. e., isolation by way of mathematical analysis, of factors in multivariable phenomena in psychology and other fields”

Ludwig von Bertalanffy (1901–1972) austrian biologist and philosopher

General System Theory (1968), 4. Advances in General Systems Theory

“One of the most important skills of the economist, therefore, is that of simplification of the model. Two important methods of simplification have been developed by economists. One is the method of partial equilibrium analysis (or microeconomics), generally associated with the name of Alfred Marshall and the other is the method of aggregation (or macro-economics), associated with the name of John Maynard Keynes.”

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

Source: 1950s, The Skills of the Economist, 1958, p. 19

“Weapons are an important factor in war, but not the decisive factor; it is people, not things that are decisive.”

Mao Zedong (1893–1976) Chairman of the Central Committee of the Communist Party of China

On Protracted Warfare (1938)
Context: Weapons are an important factor in war, but not the decisive factor; it is people, not things that are decisive. The contest of strength is not only a contest of military and economic power, but also a contest of human power and morale. People necessarily wield military and economic power.

“Weapons are an important factor in war, but not the decisive factor; it is people, not things that are decisive. The contest of strength is not only a contest of military and economic power, but also a contest of human power and morale. People necessarily wield military and economic power.”

Mao Zedong (1893–1976) Chairman of the Central Committee of the Communist Party of China

1930s, On Protracted Warfare (1938)

“The real core of what being an engineer is. You have a scientific basis, but when you don't have the science, you put in some bugger factors, some safety factors, and so forth and you get smart enough, and you get the job done anyhow, right? Economically, and as close to on time as you can make it. And if the customer is asking for something that's outlandish, give him what you can, and educate him back to what it is.”

Douglas T. Ross (1929–2007) American computer scientist

Source: An Interview with Douglas T. Ross (1989), p. 25.

“In my perspective, development is not limited to infrastructural development. Even sociological factors need to be considered. Women empowerment and ensuring gender justice is important.”

Divya S. Iyer (1984) Indian bureaucrat

Quoted in Mathrubhumi https://english.mathrubhumi.com/mobile/news/kerala/collector-divya-s-iyer-envisions-a-women-friendly-pathanamthitta-women-empowerment-pathanamthitta-divya-s-iyer-1.5877873

“What is important is not just what you do - "I am writing a book"”

Natalie Goldberg book Writing Down the Bones

but how you do it, how you approach it, and what you come to value.
[…] There are many realities. We should remember this when we get too caught in being concerned about the way the rest of the world lives or how we think they live.
Essay, "Every Monday". p.127
Writing Down the Bones (1986)

“The General Theory is at once both a book of economic theory and a font of economic prejudices—there are probably few academics in economics and political science who do not have an opinion of it, whether they have read it or not. It has reached the status—which it obtained almost immediately—where the fact of its existence is as important, if not more important, than what it actually says.”

Alan O. Ebenstein (1959) American political scientist, educator and author

Hayek's Journey: The Mind of Friedrich Hayek (2003)

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David C. McClelland16

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