“Among minor alterations, I may mention the substitution for the name political economy of the single convenient term economics.”

— William Stanley Jevons , The Theory of Political Economy

I cannot help thinking that it would be well to discard, as quickly as possible, the old troublesome double-worded name of our science.
Preface To The Second Edition, p. 8.
The Theory of Political Economy (1871)

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William Stanley Jevons 69

English economist and logician 1835–1882

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“Among minor alterations, I may mention the substitution for the name political economy of the single convenient term economics. I cannot help thinking that it would be well to discard, as quickly as possible, the old troublesome double-worded name of our science.”

William Stanley Jevons The Theory of Political Economy

Preface To The Second Edition, p. 8.
The Theory of Political Economy (1871)

“They are every one of them (with the single exception named below) coloured through and through with creationism, — at least tacit, and generally conscious and deliberate, — a term by which, taken literally, I conveniently designate the reference of all realities to a single First Cause, conceived as explaining existence by being their efficient, or originating, or producing Source.”

George Holmes Howison (1834–1916) American philosopher

Source: The Limits of Evolution, and Other Essays, Illustrating the Metaphysical Theory of Personal Ideaalism (1905), Appendix B: The System in its Ethical Necessity and its Practical Bearings, p.393

“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

“… libertas [liberty], like regnum [kingship] or dominatio [despotism], is a convenient term of political fraud.”

Ronald Syme book The Roman Revolution

The Roman Revolution ([1939] 2002), ch. 11.

“Widespread intellectual and moral docility may be convenient for leaders in the short term, but it is suicidal for nations in the long term.”

Carl Sagan (1934–1996) American astrophysicist, cosmologist, author and science educator

Source: Billions and Billions: Thoughts on Life and Death at the Brink of the Millenium (1997), Chapter 14, "The Common Enemy"
Context: Widespread intellectual and moral docility may be convenient for leaders in the short term, but it is suicidal for nations in the long term. One of the criteria for national leadership should therefore be a talent for understanding, encouraging, and making constructive use of vigorous criticism.

“It would be more realistic to think of all economic enterprise as a public service. Thought of in this perspective, a private economy is a contradiction in terms. Every economy is a public or social (not socialist) economy.”

Robert A. Dahl (1915–2014) American political scientist

After the Revolution? (1970; 1990), Ch. 4 : From Principles to Problems

“The tendency to regard continuity, in the sense in which I shall define it, as an idea of prime importance in philosophy conveniently may be be termed synechism.”

Charles Sanders Peirce (1839–1914) American philosopher, logician, mathematician, and scientist

The Law of Mind (1892)
Context: The tendency to regard continuity, in the sense in which I shall define it, as an idea of prime importance in philosophy conveniently may be be termed synechism. The present paper is intended chiefly to show what synechism is, and what it leads to.

“In many parts of the economy, stabilizing forces appear not to operate. Instead, positive feedback magniﬁes the effects of small economic shifts; the economic models that describe such effects differ vastly from the conventional ones. Diminishing returns imply a single equilibrium point for the economy, but positive feedback – increasing returns – makes for many possible equilibrium points. There is no guarantee that the particular economic outcome selected from among the many alternatives will be the “best” one.”

W. Brian Arthur (1946) American economist

Source: Increasing Returns and Path Dependence in the Economy, (1994), p. 1: Chapter 1. Positive feedback in economics

“Keynesian economics — the go - to theory for those who like government at the controls of the economy — is in the forefront of the ongoing debate on fiscal - stimulus packages. For example, in true Keynesian spirit, Agriculture Secretary Tom Vilsack said recently that food stamps were an "economic stimulus" and that "every dollar of benefits generates $1.84 in the economy in terms of economic activity." Many observers may see how this idea—that one can magically get back more than one puts in — conflicts with what I will call "regular economics."”

Robert Barro (1944) American classical macroeconomist

What few know is that there is no meaningful theoretical or empirical support for the Keynesian position.
Robert J. Barro, "Keynesian Economics vs. Regular Economics" Wall Street Journal (2011).

“The third dimension of three-dimensional economics, change, suggests that studying economics also means studying history. The process of change in society cannot be understood without considering the past and how it changed, eventually becoming the present. Change in political economy may be contrasted with the static approach of conventional economics that freezes time at a moment.”

Samuel Bowles (1939) American economist

Source: Understanding Capitalism: Competition, Command, and Change, 2005, p. 57

“Among minor alterations, I may mention the substitution for the name political economy of the single convenient term economics.”

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William Stanley Jevons 69

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