Nassau William Senior Quotes

Economics is a social science, not a physical science.

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

The scientific study of labor economics provided the opportunity for me to unite theory with evidence my lifetime intellectual passion.

My colleague Bill Keegan has written a very short book ('Saving the World?') on an unlikely topic - he is the first economist to try to rehabilitate Gordon Brown.

There must have been something in the air of Gary that led one into economics: the first Nobel Prize winner, Paul Samuelson, was also from Gary, as were several other distinguished economists.

The confounding Political Economy with the Sciences and Arts to which it is subservient, has been one of the principal obstacles to its improvement.

This paper was one of my digressions into abstract economics.

After my undergraduate, I've written a thesis that was in the government department, but largely, it turned out almost an economic type of thesis. And I was very interested in that, and I wanted to go get a Ph.D. in Economics.

The Nobel Prize in Economics is an incredible recognition for the work that my students, colleagues and I have done over the years. We all worked hard, but we were also lucky that the financial applications were so important.

I must confess that if I had been consulted whether to establish a Nobel Prize in economics, I should have decidedly advised against it.

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

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

Economists are people who wonder if what works in reality can also work in theory.

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

I don't care very much for the People Magazine approach to applied economics.

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

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

Political Economy, in truth, has never pretended to give advice to mankind with no lights but its own; though people who knew nothing but political economy (and therefore knew it ill) have taken upon themselves to advise, and could only do so by such lights as they had.

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.

I am not an economist. I am an honest man!

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.

In the domain of Political Economy, free scientific inquiry meets not merely the same enemies as in all other domains. The peculiar nature of the material it deals with, summons as foes into the field of battle the most violent, mean and malignant passions of the human breast, the Furies of private interest.

The notion of the competitiveness of countries, on the model of the competitiveness of companies, is nonsense.

As I have been arguing for a long time now, there is a real need not simply for a political economy of wealth but also for a political economy of speed.

I have never considered myself an economist.