Thomas Malthus Quotes

Political economy has only become a science since it has been confined to the results of inductive investigation.

Economics is a social science, not a physical science.

Political Economy or Economics is a study of mankind in the ordinary business of life.

Economics is not an exact science.

Economics, we learn in the history of thought, only became a science by escaping from the casuistry and moralizing of medieval thought.

The science of political economy is essentially practical, and applicable to the common business of human life. There are few branches of human knowledge where false views may do more harm, or just views more good.

The study of economics has been again and again led astray by the vain idea that economics must proceed according to the pattern of other sciences.

I do understand the free market, having my economics degree, and if someone on the right had some good ideas, I'm not so dogmatic that I wouldn't listen to them.

Kelsoism is not accepted by modern scientific economics as a valid and fruitful analysis of the distribution of income but rather it is regarded as an amateurish and cranky fad.

economics limps along with one foot in untested hypotheses and the other in untestable slogans.

Some writers maintain arithmetic to be only the only sure guide in political economy; for my part, I see so many detestable systems built upon arithmetical statements, that I am rather inclined to regard that science as the instrument of national calamity.

Macroeconomics, even with all of our computers and with all of our information - is not an exact science and is incapable of being an exact science.

Economics is like the Dutch language - I'm told it makes sense, but I have my doubts.

You know economists; they're the sort of people who see something works in practice and wonder if it would work in theory.

The inscrutability [of economics] is perhaps not unintentional. It gives endless employment to dialecticians who otherwise might become public charges or, at very worst, swindlers and tricksters.

Economics has been called the dismal science. Once you get to understand it, you may not find it so dismal, but you don't find it much of a science either.

As a scholarly discipline, economics has always suffered from physics envy.

Most economics that is taught in college and universities today projects itself as a value-neutral science. This claim has always been open to question, but I think it's especially in doubt today.

There is no such thing as economics, only social science applied to economic problems.

Economists can be called the worldly philosophers for they sought to embrace in a scheme of philosophy the most worldly of man's activities-his drive for wealth.

The oldest [John Kenneth] Galbraith rule is that when you hear that a new era has dawned, you should take cover.

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.

The problem is a lot of what is called economics is not economics. It is more ideology or religion.