Robert Heilbroner Quotes


Before economics can progress, it must abandon its suicidal formalism.


Citations

Heilbroner, Robert L. The Worldly Philosophers: The Lives, Times And Ideas Of The Great Economic Thinkers. 7th ed., Simon & Schuster, 1999, p. 314.

Related Quotes

This quotation illustrates why so many consider Mises a political philosopher rather than an economist. In the latter part of Mises life and career, advances in mathematics and its application to economics revolutionized the field of economics and left Mises behind. Nonetheless Mises’ contribution to the non-quantitative area of economics was substantial, and his influence on others was even greater.


This quotation polarized the economists into those who thought that economics was held back by the rigidity of the scientific method and those who thought that economics was a backward science because it did not follow the standards of the more developed scientists. Scientists from other fields are almost universally in agreement and accuse many economists of making predictions and pronouncements from analyses that in other sciences would only be called guesses. The same is said of politics by many scientists.


Robert Heilbroner
Robert Heilbroner
  • Born: March 24, 1919
  • Died: January 4, 2005
  • Nationality: American
  • Profession:

Robert L. Heilbroner was an American economist and historian of economic thought. The author of some 20 books, Heilbroner was best known for The Worldly Philosophers: The Lives, Times and Ideas of the Great Economic Thinkers (1953), a survey of the lives and contributions of famous economists, notably Adam Smith, Karl Marx, and John Maynard Keynes.