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
“Whoever claims that economic competition represents "survival of the fittest" in the sense of the law of the jungle, provides the clearest possible evidence of his lack of knowledge of economics.”
Capitalism: A Treatise on Economics (1996)
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George Reisman 8
American economist 1937Related quotes
Source: Manhood of Humanity (1921), p. 136. Chapter: Capitalistic Era.
Context: Such as contribute most to human progress and human enlightenment — men like Gutenberg, Copernicus, Newton, Leibnitz, Watts, Franklin, Mendeleieff, Pasteur, Sklodowska-Curie, Edison, Steinmetz, Loeb, Dewey, Keyser, Whitehead, Russell, Poincaré, William Benjamin Smith, Gibbs, Einstein, and many others — consume no more bread than the simplest of their fellow mortals. Indeed such men are often in want. How many a genius has perished inarticulate because unable to stand the strain of social conditions where animal standards prevail and "survival of the fittest" means, not survival of the "fittest in time-binding capacity," but survival of the strongest in ruthlessness and guile — in space-binding competition!
Diary (12 December 1890)
Diary and Letters of Rutherford Birchard Hayes (1922 - 1926)
Violence and the Labor Movement (1914)
Context: No one sees more clearly than the socialist that nothing could prove more disastrous to the democratic cause than to have the present class conflict break into a civil war. If such a war becomes necessary, it will be in spite of the organized socialists, who, in every country of the world, not only seek to avoid, but actually condemn, riotous, tempestuous, and violent measures. Such measures do not fit into their philosophy, which sees, as the cause of our present intolerable social wrongs, not the malevolence of individuals or of classes, but the workings of certain economic laws. One can cut off the head of an individual, but it is not possible to cut off the head of an economic law. From the beginning of the modern socialist movement, this has been perfectly clear to the socialist, whose philosophy has taught him that appeals to violence tend, as Engels has pointed out, to obscure the understanding of the real development of things.
p.xi
“They say: only the fittest of the fittest shall survive, stay alive!”
Could You Be Loved
Uprising (1979)