“Economic and political developments have forced upon us a great problem of analysis in the field of politico-economic organization. The center of this problem lies in the midground between the science of politics and the science of economics and its scope is coterminous with the scope of both. It demands the best minds of both science to forge a new pattern of thinking which will weld the elements of politics and economics into an integrated whole having validity in the present day.”

Source: "The Distribution of Control and Responsibility in a Modern Economy", 1935, p. 59; lead paragraph

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Gardiner C. Means9

American economist 1896–1988

Bernard Crick (1929–2008) British political theorist and democratic socialist

A Footnote To Rally The Academic, p. 164.
In Defence Of Politics (Second Edition) – 1981

“Economic problems have no sharp edges. They shade off imperceptibly into politics, sociology, and ethics. Indeed, it is hardly an exaggeration to say that the ultimate answer to every economic problem lies in some other field.”

Kenneth E. Boulding (1910–1993) British-American economist

Source: 1940s, The Economics of Peace, 1945, p. 252, quoted in Leonard Silk (1976) The Economists. New York: Basic Books. p. 208

“The General Theory is at once both a book of economic theory and a font of economic prejudices—there are probably few academics in economics and political science who do not have an opinion of it, whether they have read it or not. It has reached the status—which it obtained almost immediately—where the fact of its existence is as important, if not more important, than what it actually says.”

Alan O. Ebenstein (1959) American political scientist, educator and author

Hayek's Journey: The Mind of Friedrich Hayek (2003)

“In brief, let us define the anarchist as a political individualist and an economic socialist. In contrast, the libertarian can be defined as an individualist, both politically and economically.”

Robert LeFevre (1911–1986) American libertarian businessman

Anarchy (1959)

“Much attention has been given in recent years to what might be called the "higher organization" of the state, both in the practical experimentation of modem nations and in the domain of theoretical analysis. In almost every country in the world there has been experimentation with and discussion of the emerging evolution of political-economic forms and forces, now everywhere challenging the peace and security of mankind technology, cartels, unions, business and agricultural associations, armies, professions, churches, schools. The problem of a socialistic or a mixed economy has led to vigorous debate not only upon economic principles but upon the whole political setting of economics.”

Charles Edward Merriam (1874–1953) American political scientist

177-8 ; as cited in Albert Lepawsky (1949), Administration, p. 220-1
Systematic Politics, 1943

“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

“Economic, social, political, environmental and population development in Thailand have created a series of problems that must be addressed addressesed by education.”

Sukavich Rangsitpol (1935) Thai politician

The Reason and the objective of Education Reform

“I have been gradually coming under the conviction, disturbing for a professional theorist, that there is no such thing as economics - there is only social science applied to economic problems.”

Kenneth E. Boulding (1910–1993) British-American economist

Source: 1950s, A Reconstruction of Economics, 1950, p. vii

“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

“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. <br class="br">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. <br class="br">Lead paragraph of a memorandum on the importance of establishing the journal "Oekonometrika" <br class="br">1920

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Gardiner C. Means9

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