“To put it bluntly, the discipline of economics has yet to get over its childish passion for mathematics.”

—  Thomas Piketty , book Capital in the Twenty-First Century

Source: Capital in the Twenty-First Century (2013), p. 32.

Adopted from Wikiquote. Last update June 3, 2021. History

Help us to complete the source, original and additional information

Do you have more details about the quote "To put it bluntly, the discipline of economics has yet to get over its childish passion for mathematics." by Thomas Piketty?
Thomas Piketty photo
Thomas Piketty 24
French economist 1971

Related quotes

Ragnar Frisch photo

“Intermediate between mathematics, statistics, and economics, we find a new discipline which, for lack of a better name, may be called econometrics. Econometrics has as its aim to subject abstract laws of theoretical political economy or "pure" economics to experimental and numerical verification, and thus to turn pure economics, as far as possible, into a science in the strict sense of the word.”

Ragnar Frisch (1895–1973) Norwegian economist

Ragnar Frisch (1926) "On a Problem in Pure Eco­nomics: Translated by JS Chipman." Preferences, Utility, and Demand: A Minnesota Symposium. 1926."
Original in French:
Intermediaire entre les mathematiques, la statistique et l'economie politique, nous trouvons une discipline nouvelle que ion peut, faute de mieux, designer sous le nom de reconometrie. L'econometrie se pose le but de soumettre les lois abstraites de l'economie politique theorique ou l'economie 'pure' A une verification experimentale et numeriques, et ainsi de constituer, autant que cela est possible, l'economie pure en une science dans le sens restreint de ce mot.
1920

“By any reasonable criteria, the discipline of economics as a whole, in its present state, is sadly lacking.”

Paul Ormerod book The Death of Economics

Part I, Chapter 5, Mechanistic Modelling, p. 112
The Death of Economics (1994)

Ronald H. Coase photo

“In my youth it was said that what was too silly to be said may be sung. In modern economics it may be put into mathematics.”

Ronald H. Coase (1910–2013) British economist and author

Source: 1960s-1980s, "Note on the problem of social costs", 1988, p. 185

“In the beginning, at least for academics, there was philosophy. All of learned inquiry occurred within the discipline of philosophy and was carried out by philosophers. We retain the vestiges of this organization in our practice of awarding a single advanced academic degree, the Ph. D. or Doctor of Philosophy.’ As our understanding of the world around us grew, however, various areas of philosophy became sufficiently well understood to graduate into their own disciplines. Mathematics and the physical and biological sciences were the first to appear, followed more recently by the social sciences. Emerging as its own discipline is only the first step toward becoming a mature field of study. Economics is unique among the social sciences for the number of remaining steps it has taken. Unlike many social sciences, economics has a well-defined core set of methods. The first year graduate program in economics is virtually indistinguishable across American universities, consisting of microeconomics, macroeconomics and econometrics. As a result, economics can be easily defined by its tools of inquiry as by the target of its inquiry.”

Larry Samuelson (1953) American economist

Larry Samuelson. "Bounded Rationality and Game Theory", The Quarterly Review of Economics and Finance, Vol. 36, Special Issue, 1996, pages 17-35.

Stephen Hawking photo

“Mathematics is more than a tool and language for science. It is also an end in itself, and as such, it has, over the centuries, affected our worldview in its own right.”

Stephen Hawking book God Created the Integers

Preface
God Created the Integers (2007)

“Since the 1970s, interest in economic methodology has grown dramatically, to the extent that it is now possible to view methodology as a clearly identifiable sub-discipline within economics.”

Roger Backhouse (economist) (1951) British economist

Roger Backhouse, New directions in economic methodology. Vol. 3. Psychology Press, 1994. p. 1

Clive Staples Lewis photo

“When I became a man I put away childish things, including the fear of childishness and the desire to be very grown up.”

Clive Staples Lewis (1898–1963) Christian apologist, novelist, and Medievalist

"On Three Ways of Writing for Children" (1952) — in Of Other Worlds: Essays and Stories (1967), p. 25
Context: Critics who treat adult as a term of approval, instead of as a merely descriptive term, cannot be adult themselves. To be concerned about being grown up, to admire the grown up because it is grown up, to blush at the suspicion of being childish; these things are the marks of childhood and adolescence. And in childhood and adolescence they are, in moderation, healthy symptoms. Young things ought to want to grow. But to carry on into middle life or even into early manhood this concern about being adult is a mark of really arrested development. When I was ten, I read fairy tales in secret and would have been ashamed if I had been found doing so. Now that I am fifty I read them openly. When I became a man I put away childish things, including the fear of childishness and the desire to be very grown up.

Edsger W. Dijkstra photo

“As economics is known as "The Miserable Science", software engineering should be known as "The Doomed Discipline", doomed because it cannot even approach its goal since its goal is self-contradictory. (…) Software engineering has accepted as its charter "How to program if you cannot.”

Edsger W. Dijkstra (1930–2002) Dutch computer scientist

Dijkstra (1988) " On the cruelty of really teaching computing science http://www.cs.utexas.edu/users/EWD/transcriptions/EWD10xx/EWD1036.html (EWD1036).
1980s

Julio Iglesias photo

“Everything was a bigger struggle for me, everything required a bigger effort, so I understood that the sole basis for my future was discipline, and I maintain that discipline today, at 75...I mean, going out onstage to sing is an act of discipline and of absolute passion. Passion is natural, but discipline is willpower.”

Julio Iglesias (1943) Spanish recording artist; singer-songwriter

On how he credits discipline as the secret of his success in "Julio Iglesias reflects on a life that 'has been a miracle'" https://apnews.com/7ef030336a5b4a1a949723346d64ec51 in AP News (2019 Jun 14)

Related topics