“WE have placed our psychotechnical interest at the service of economic tasks… The purpose before us was to find for every economic occupation the best-fitted personality, both in the interest of economic success and in the interest of personal development.”

Source: Psychology and Industrial Efficiency (1913), p. 141

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 "WE have placed our psychotechnical interest at the service of economic tasks… The purpose before us was to find for eve…" by Hugo Munsterberg?
Hugo Munsterberg photo
Hugo Munsterberg 8
German-American psychologist, philosopher and agitator 1863–1916

Related quotes

Amartya Sen photo
Gérard Debreu photo

“I had become interested in economics, an interest that was transformed into a lifetime dedication when I met with the mathematical theory of general economic equilibrium.”

Gérard Debreu (1921–2004) French economist and mathematician

" Gerard Debreu - Biographical http://www.nobelprize.org/nobel_prizes/economic-sciences/laureates/1983/debreu-bio.html". in: Les Prix Nobel. The Nobel Prizes 1983, Editor Wilhelm Odelberg, [Nobel Foundation], Stockholm, 1984; Republished at Nobelprize.org. Nobel Media AB 2014.

John R. Commons photo
Franklin D. Roosevelt photo

“We have always known that heedless self-interest was bad morals; we know now that it is bad economics.”

Franklin D. Roosevelt (1882–1945) 32nd President of the United States

1930s, Second inaugural address (1937)

Ragnar Frisch photo

“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.
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.
Lead paragraph of a memorandum on the importance of establishing the journal "Oekonometrika"
1920

Charles Wheelan photo

“Economics should not be accessible only to the experts. The ideas are too important and too interesting. Indeed, naked economics can even be fun.”

Charles Wheelan (1966) American politician

Introduction
Naked Economics (rev. and updated ed., 2010)

Maurice Glasman, Baron Glasman photo

“In economic theory the conclusions are sometimes less interesting than the route by which they are reached.”

Piero Sraffa (1898–1983) Italian economist

October 1975 in letter to C.P. Blitch, as cited in: Riccardo Bellofiore, ‎Scott Carter (2014), Towards a New Understanding of Sraffa. p. 199

Related topics