William Stanley Jevons quote: “In any case I hold that there must arise a science of the development of economic forms and relations.”

“In spite of all the foregoing, there is a science of economics, a true, and even exact, science, which reaches laws as universal as those of mathematics and mechanics. The greatest need for the development of economics as a growing body of thought and practice is an adequate appreciation of the meaning, and the limitations, of this body of accurate premises and rigorously established conclusions. It comes about in the same general way as all science, except perhaps in a higher degree, i. e., through abstraction. There are no laws regarding the content of economic behavior, but there are laws universally valid as to its form. 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.”

Frank Knight (1885–1972) American economist

Source: "The limitations of scientific method in economics", 1924, p. 127 (2009 edition)

“The usefulness of observation and measurement in testing economic theories arises because the theorems of economics are supposed to relate to the actual world… Any economic theorem rigorously deduced from given postulates may be regarded as a hypothesis about the actual world which xperience may show to be false.”

Richard Stone (1913–1991) British economist, Nobel Memorial Prize winner

Source: The Role of Measurement in Economics. 1951, p. 12

“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.

“There is no grievance that is a fit object of redress by mob law. In any case that arises”

Abraham Lincoln (1809–1865) 16th President of the United States

1830s, The Lyceum Address (1838)
Context: There is no grievance that is a fit object of redress by mob law. In any case that arises, as for instance, the promulgation of abolitionism, one of two positions is necessarily true; that is, the thing is right within itself, and therefore deserves the protection of all law and all good citizens; or, it is wrong, and therefore proper to be prohibited by legal enactments; and in neither case, is the interposition of mob law, either necessary, justifiable, or excusable.

“There [is]… a list of five tests which any body of doctrine which aspires to the name of economic theory must be able to meet:
1. Economic theory should unify economic science. - The task of a general body of theory in any subject is to give unity to its investigations…
2. Economic theory should be relevant to the modern problem of control. - Students of economics should spend their efforts upon subjects worth investigation…
3. The proper subject-matter of economic theory is institutions. - The demand that economic theory relate to institutions is implicit in the plea for its relevancy…
4. Economic theory is concerned with matters of process. - If economic theory is to treat of institutions it must know both the kinds of things institutions are and the kinds of things they are not…
5. Economic theory must be based upon an acceptable theory of human behavior.”

Walton Hale Hamilton (1881–1958) Yale Law Professor

After all control and institutions and processes are immediate things. They can all be translated into terms of human conduct...
Source: The Institutional Approach to Economic Theory, 1919, p. 311-6

“In spite of all the foregoing, there is a science of economics, a true, and even exact, science, which reaches laws as universal as those of mathematics and mechanics. The greatest need for the development of economics as a growing body of thought and practice is an adequate appreciation of the meaning, and the limitations, of this body of accurate premises and rigorously established conclusions. It comes about in the same general way as all science, except perhaps in a higher degree, i. e., through abstraction. There are no laws regarding the content of economic behavior, but there are laws universally valid as to its form.”

Frank Knight (1885–1972) American economist

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)

“Whatever might have been my opinion, had this been a new case, I must hold myself bound by decided cases.”

Lloyd Kenyon, 1st Baron Kenyon (1732–1802) British Baron

Cross v. Glode (1797), 2 Esp. 575.

“Some institutionalist lines of thought, arising particularly in economics and political science, retain very strong notions of society as made up of bounded, purposive, sovereign, and rational actors. In economics, these might be individuals or organizations, operating in market-like environments. In political science, they might be sovereign national-states operating in an almost anarchic environment. Institutionalism, in such schemes, involves the idea that some fundamental institutional principle must be in place before systems of such actors can effectively operate. The classic core principle required in economic versions is property rights (North & Thomas, 1973). In international relations theory it is the principle of nation-state sovereignty”

John W. Meyer (1935) Sociologist and professor at Stanford University

Krasner, 1999
Source: "Reflections on institutional theories of organization,." 2008, p. 790

“It is in the development of further administrative coordination that we must come to political scientists for aid. We ask that you apply to the field of economic administration the technique of analysis and principles of organization which you have developed in the study of administrative organization in the form of the state.”

Gardiner C. Means (1896–1988) American economist

Source: "The Distribution of Control and Responsibility in a Modern Economy", 1935, p. 64

“Dogmatics must be designed in this way. Above all, every science must vigorously lay hold of its own beginning and not live in complicated relations with other sciences. If dogmatics begins by wanting to explain sinfulness or by wanting to prove its actuality, no dogmatics will come out of it, but the entire existence of dogmatics will become problematic and vague.”

Sören Kierkegaard (1813–1855) Danish philosopher and theologian, founder of Existentialism

Note, p. 58
1840s, The Concept of Anxiety (1844)

“In any case I hold that there must arise a science of the development of economic forms and relations.”

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