“Economics is a social science, not a physical science.”
Part 1, Chapter 1, The Economy and Economics, p. 23
Economics For Everyone (2008)
Science - The Endless Frontier (1945)
Context: Science, by itself, provides no panacea for individual, social, and economic ills. It can be effective in the national welfare only as a member of a team, whether the conditions be peace or war. But without scientific progress no amount of achievement in other directions can insure our health, prosperity, and security as a nation in the modern world.
“Economics is a social science, not a physical science.”
Part 1, Chapter 1, The Economy and Economics, p. 23
Economics For Everyone (2008)
Source: The Economics of Welfare (1920), Ch. 1 : Welfare and Economic Welfare, § 4
“Economics is not the Emperor of the social sciences, but the Humpty Dumpty.”
Source: Debunking Economics - The Naked Emperor Of The Social Sciences (2001), Chapter 3, The Price Of Everything And The Value Of Nothing, p. 83
“Social science is itself part of the social experience it seeks to interpret and explain.”
Discrepancies among the Social Sciences (1981)
Source: The Conflict of the Individual and the Mass in the Modern World (1932), p. 5
Source: The Evolution of Civilizations (1961) (Second Edition 1979), Chapter 3, Groups, Societies, and Civilizations, p. 67
Source: The Note Book of Elbert Hubbard (1927), p. 57.
Context: I have no perfect panacea for human ills. And even if I had I would not attempt to present a system of philosophy between the soup and fish, but this much I will say: The distinctively modern custom of marital bundling is the doom of chivalry and death of passion. It wears all tender sentiment to a napless warp, and no wonder is it that the novelist, without he has a seared and bitter heart, hesitates to follow the couple beyond the church door. There is no greater reproach to our civilization than the sight of men joking the boy whose heart is pierced by the first rays of a life-giving sun, or of our expecting a girl to blush because she is twice God's child today she was yesterday.
Source: 1950s, A Reconstruction of Economics, 1950, p. vii
Discussion, Fox News Sunday, February 16, 2014
2010s