After all control and institutions and processes are immediate things. They can all be translated into terms of human conduct...
Source: The Institutional Approach to Economic Theory, 1919, p. 311-6
“The impoverishment of economics related to its distancing from ethics affects both welfare economics (narrowing its reach and relevance) and predictive economics”
weakening its behavioural foundations
Chap. 2 : Economic Judgements and Moral Philosophy
1990s, On Ethics and Economics (1991)
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Amartya Sen 31
Indian economist 1933Related quotes
Source: 1940s, Economic Analysis, 1941, p. 34. (rev. ed. 1948) cited in: J.P. Roos (1973) Welfare Theory and Social Policy: A Study in Policy Science - Nummer 4. p. 102
Kenneth Boulding (1958) "Contemporary Economic Research". In Donald P. Ray (ed.). Trends in Social Science, pp. 9-26. as cited in: James Alm (2011) Testing Behavioral Public Economics Theories in the Laboratory http://econ.tulane.edu/RePEc/pdf/tul1102.pdf. Working paper.
Alm proceeds by stating: "Given the essential role of psychological insights in the field, together with the obvious truism that all economics concerns “behavior” in one form or another, a more descriptive name for the field is perhaps “cognitive economics”, as recognized early on by Boulding (1958)."
1950s

Chap. 3 : Freedom and Consequences
1990s, On Ethics and Economics (1991)

Source: Economics Of The Welfare State (Fourth Edition), Chapter 15, Conclusion, p. 359

Arrow, Kenneth J., and Gerard Debreu. " Existence of an equilibrium for a competitive economy http://cowles.econ.yale.edu/P/cp/p00b/p0087.pdf." Econometrica: Journal of the Econometric Society (1954): p. 265

Source: 1950s-1960s, "Existence of an equilibrium for a competitive economy." 1954, p. 265
Hayek's Journey: The Mind of Friedrich Hayek (2003)