“Economics is a social science, not a physical science.”
Jim Stanford (1961) Canadian economist
Part 1, Chapter 1, The Economy and Economics, p. 23
Economics For Everyone (2008)
Source: Debunking Economics - The Naked Emperor Of The Social Sciences (2001), Chapter 3, The Price Of Everything And The Value Of Nothing, p. 83
“Economics is a social science, not a physical science.”
Jim Stanford (1961) Canadian economist
Part 1, Chapter 1, The Economy and Economics, p. 23
Economics For Everyone (2008)
“Science, by itself, provides no panacea for individual, social, and economic ills.”
Vannevar Bush (1890–1974) American electrical engineer and science administrator
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.
Kenneth E. Boulding (1910–1993) British-American economist
Source: 1950s, A Reconstruction of Economics, 1950, p. vii
George Will (1941) American newspaper columnist, journalist, and author
Discussion, Fox News Sunday, February 16, 2014
2010s
John James Cowperthwaite (1915–2006) British colonial administrator
March 27, 1968, page 213.
Official Report of Proceedings of the Hong Kong Legislative Council
Context: But what I really believe is that both he and Mr Wong are innocently guilty of the twentieth century fallacy that technology can be applied to the conduct of human affairs. They cannot believe that anything can work efficiently unless it has been programmed by a computer and have lost faith in the forces of the market and the human actions and reactions that make it up. But no computer has yet been devised which will produce accurate results from a diet of opinion and emotion. We suffer a great deal today from the bogus certainties and precisions of the pseudo-sciences which include all the social sciences including economics. An article I recently read referred to the academic’s “infernal economic arithmetic which ignores human responses”. Technology is admirable on the factory floor but largely irrelevant to human affairs.
Greta Thunberg (2003) Swedish climate change activist
EESC <br class="br"> Kicking Ass for Her Generation': Applause for 16-Year-Old Greta Thunberg as EU Chief Pledges $1 Trillion to Curb Climate Threat, Julia Conley, https://www.commondreams.org/news/2019/02/21/kicking-ass-her-generation-applause-16-year-old-greta-thunberg-eu-chief-pledges-1Common Dreams (21 February 2019) <br class="br">2019
Carl Menger (1840–1921) founder of the Austrian School of economics
Source: Investigations into the Method of the Social Sciences, 1883, p. 147
Frank Knight (1885–1972) American economist
Source: The Economic Organization, 1951, p. 4 as cited in: Ross B. Emmett (ed). The Elgar Companion to The Chicago School of Economics http://books.google.com/books?id=MaCciKWcDIAC&pg=PA54, 2008. p. 53
Richard Hartshorne (1899–1992) American Geographer
R. Hartshorne (1935) "Recent Developments in Political Geography" The American Political Science Review Vol. 29 (5), p. 585
“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.