--- title: "13 Economics Science Quotes by 11 authors" description: "Browse 13 Economics Science quotes by 11 authors. Discover the best Economics Science sayings and thoughts." image: "https://sms4smile.com/quotes/i/c99/nassim-nicholas-taleb-352_advise_economics-is-not-a-science-and-should-no_2777233.png" --- > [“Economics is not a science and should not be there to advise policy.”](https://sms4smile.com/quotes/nassim-nicholas-taleb/economics-is-not-a-science-and-should-not-be-there-to-advise-policy/) [Nassim Nicholas Taleb](https://sms4smile.com/quotes/author/nassim-nicholas-taleb/) [Image](https://sms4smile.com/quotes/i/c99/nassim-nicholas-taleb-352_advise_economics-is-not-a-science-and-should-no_2777233.png) > [A loving and fierce defense of economics as a science.](https://sms4smile.com/quotes/robert-krulwich/a-loving-and-fierce-defense-of-economics-as-a-science/) [Robert Krulwich](https://sms4smile.com/quotes/author/robert-krulwich/) [Image](https://sms4smile.com/quotes/i/30e/robert-krulwich-48301_defense_a-loving-and-fierce-defense-of-economics_3192437.jpg) > [It is clear that economics, if it is to be a science at all, must be a mathematical science.](https://sms4smile.com/quotes/william-stanley-jevons/it-is-clear-that-economics-if-it-is-to-be-a-science-at-all-must-be-a-2/) [William Stanley Jevons](https://sms4smile.com/quotes/author/william-stanley-jevons/) [Image](https://sms4smile.com/quotes/i/c66/william-stanley-jevons-10797_clear_it-is-clear-that-economics-if-it-is-to-b_2607195.jpg) > [Economics has never been a science - and it is even less now than a few years ago.](https://sms4smile.com/quotes/paul-samuelson/economics-has-never-been-a-science-and-it-is-even-less-now-than-a-few/) [Paul Samuelson](https://sms4smile.com/quotes/author/paul-samuelson/) [Image](https://sms4smile.com/quotes/i/2a3/paul-samuelson-9078_economics_economics-has-never-been-a-science-and-i_2979910.png) > [Economics is the science which studies human behaviour as a relationship between ends and scarce means which have alternative uses.](https://sms4smile.com/quotes/lionel-charles-robbins/economics-is-the-science-which-studies-human-behaviour-as-a/) [Lionel Charles Robbins](https://sms4smile.com/quotes/author/lionel-charles-robbins/) [Image](https://sms4smile.com/quotes/i/964/lionel-charles-robbins-257016_alternatives_economics-is-the-science-which-studies-h_1086313.jpg) > [What is economics? A science invented by the upper class in order to acquire the fruits of the labor of the underclass](https://sms4smile.com/quotes/august-strindberg/what-is-economics-a-science-invented-by-the-upper-class-in-order-to/) [August Strindberg](https://sms4smile.com/quotes/author/august-strindberg/) [Image](https://sms4smile.com/quotes/i/ffb/august-strindberg-3638_acquire_what-is-economics-a-science-invented-by_2316519.png) > [Many of us like to think of financial economics as a science, but complex events like the financial crisis suggest that this…](https://sms4smile.com/quotes/andrew-lo/many-of-us-like-to-think-of-financial-economics-as-a-science-but/) [Andrew Lo](https://sms4smile.com/quotes/author/andrew-lo/) [Image](https://sms4smile.com/quotes/i/adb/andrew-lo-24910_complex_many-of-us-like-to-think-of-financial-ec_1001147.png) > [Economics is not a science, in the sense that a policy can be repeatedly applied under similar conditions and will repeatedly produce…](https://sms4smile.com/quotes/millicent-fenwick/economics-is-not-a-science-in-the-sense-that-a-policy-can-be/) [Millicent Fenwick](https://sms4smile.com/quotes/author/millicent-fenwick/) [Image](https://sms4smile.com/quotes/i/34d/millicent-fenwick-20534_conditions_economics-is-not-a-science-in-the-sense_1475473.png) > [Contrary to what professional economists will typically tell you, economics is not a science. All economic theories have underlying political and ethical…](https://sms4smile.com/quotes/ha-joon-chang/contrary-to-what-professional-economists-will-typically-tell-you/) [Ha-Joon Chang](https://sms4smile.com/quotes/author/ha-joon-chang/) [Image](https://sms4smile.com/quotes/i/7bc/ha-joon-chang-3497_assumptions_contrary-to-what-professional-economists_2310492.png) > [It is clear that Economics, if it is to be a science at all, must be a mathematical science ... simply because…](https://sms4smile.com/quotes/william-stanley-jevons/it-is-clear-that-economics-if-it-is-to-be-a-science-at-all-must-be-a/) [William Stanley Jevons](https://sms4smile.com/quotes/author/william-stanley-jevons/) [Image](https://sms4smile.com/quotes/i/a68/william-stanley-jevons-10797_aids_it-is-clear-that-economics-if-it-is-to-b_1030026.jpg) > [Economics is not a science; it is a quasi-religion: part superstition, part mystique, part sentimentality. Bankers dream like other men, the only…](https://sms4smile.com/quotes/howard-jacobson/economics-is-not-a-science-it-is-a-quasi-religion-part-superstition/) [Howard Jacobson](https://sms4smile.com/quotes/author/howard-jacobson/) [Image](https://sms4smile.com/quotes/i/c9d/howard-jacobson-1484_bankers_economics-is-not-a-science-it-is-a-quasi_2531545.jpg) > [“Recognizing that the boundaries of the market are ambiguous and cannot be determined in an objective way lets us realize that economics…](https://sms4smile.com/quotes/ha-joon-chang/recognizing-that-the-boundaries-of-the-market-are-ambiguous-and/) [Ha-Joon Chang](https://sms4smile.com/quotes/author/ha-joon-chang/) [Image](https://sms4smile.com/quotes/i/822/ha-joon-chang-3497_economics_recognizing-that-the-boundaries-of-the-m_694344.jpg) > [“We used to think God made us in His image, and that meant we were special, until science told us we just…](https://sms4smile.com/quotes/adam-roberts/we-used-to-think-god-made-us-in-his-image-and-that-meant-we-were/) [Adam Roberts](https://sms4smile.com/quotes/author/adam-roberts/) [Image](https://sms4smile.com/quotes/i/653/adam-roberts-35099_economics_we-used-to-think-god-made-us-in-his-imag_3105401.jpg) ```json { "@context": "https://schema.org", "@graph": [ { "@type": "ItemList", "@id": "https://sms4smile.com/quotes/about/economics-science/#itemlist", "name": "Economics Science Quotes", "numberOfItems": 13, "itemListElement": [ { "@type": "ListItem", "position": 1, "item": { "@type": "Quotation", "text": "“Economics is not a science and should not be there to advise policy.”", "creator": { "@type": "Person", "name": "Nassim Nicholas Taleb" }, "url": "https://sms4smile.com/quotes/nassim-nicholas-taleb/economics-is-not-a-science-and-should-not-be-there-to-advise-policy/", "image": { "@type": "ImageObject", "@id": "https://sms4smile.com/quotes/i/c99/nassim-nicholas-taleb-352_advise_economics-is-not-a-science-and-should-no_2777233.png", "contentUrl": "https://sms4smile.com/quotes/i/c99/nassim-nicholas-taleb-352_advise_economics-is-not-a-science-and-should-no_2777233.png", "url": "https://sms4smile.com/quotes/i/c99/nassim-nicholas-taleb-352_advise_economics-is-not-a-science-and-should-no_2777233.png", "width": 1080, "height": 1080, "caption": "“Economics is not a science and should not be there to advise policy.” — Nassim Nicholas Taleb", "creditText": "SMS4Smile Quotes", "creator": { "@id": "https://sms4smile.com/quotes/#organization" } } } }, { "@type": "ListItem", "position": 2, "item": { "@type": "Quotation", "text": "A loving and fierce defense of economics as a science.", "creator": { "@type": "Person", "name": "Robert Krulwich" }, "url": "https://sms4smile.com/quotes/robert-krulwich/a-loving-and-fierce-defense-of-economics-as-a-science/", "image": { "@type": "ImageObject", "@id": "https://sms4smile.com/quotes/i/30e/robert-krulwich-48301_defense_a-loving-and-fierce-defense-of-economics_3192437.jpg", "contentUrl": "https://sms4smile.com/quotes/i/30e/robert-krulwich-48301_defense_a-loving-and-fierce-defense-of-economics_3192437.jpg", "url": "https://sms4smile.com/quotes/i/30e/robert-krulwich-48301_defense_a-loving-and-fierce-defense-of-economics_3192437.jpg", "width": 1080, "height": 1080, "caption": "“A loving and fierce defense of economics as a science.” — Robert Krulwich", "creditText": "SMS4Smile Quotes", "creator": { "@id": "https://sms4smile.com/quotes/#organization" } } } }, { "@type": "ListItem", "position": 3, "item": { "@type": "Quotation", "text": "It is clear that economics, if it is to be a science at all, must be a mathematical science.", "creator": { "@type": "Person", "name": "William Stanley Jevons" }, "url": "https://sms4smile.com/quotes/william-stanley-jevons/it-is-clear-that-economics-if-it-is-to-be-a-science-at-all-must-be-a-2/", "image": { "@type": "ImageObject", "@id": "https://sms4smile.com/quotes/i/c66/william-stanley-jevons-10797_clear_it-is-clear-that-economics-if-it-is-to-b_2607195.jpg", "contentUrl": "https://sms4smile.com/quotes/i/c66/william-stanley-jevons-10797_clear_it-is-clear-that-economics-if-it-is-to-b_2607195.jpg", "url": "https://sms4smile.com/quotes/i/c66/william-stanley-jevons-10797_clear_it-is-clear-that-economics-if-it-is-to-b_2607195.jpg", "width": 1080, "height": 1080, "caption": "“It is clear that economics, if it is to be a science at all, must be a mathematical science.” — William Stanley Jevons", "creditText": "SMS4Smile Quotes", "creator": { "@id": "https://sms4smile.com/quotes/#organization" } } } }, { "@type": "ListItem", "position": 4, "item": { "@type": "Quotation", "text": "Economics has never been a science - and it is even less now than a few years ago.", "creator": { "@type": "Person", "name": "Paul Samuelson" }, "url": "https://sms4smile.com/quotes/paul-samuelson/economics-has-never-been-a-science-and-it-is-even-less-now-than-a-few/", "image": { "@type": "ImageObject", "@id": "https://sms4smile.com/quotes/i/2a3/paul-samuelson-9078_economics_economics-has-never-been-a-science-and-i_2979910.png", "contentUrl": "https://sms4smile.com/quotes/i/2a3/paul-samuelson-9078_economics_economics-has-never-been-a-science-and-i_2979910.png", "url": "https://sms4smile.com/quotes/i/2a3/paul-samuelson-9078_economics_economics-has-never-been-a-science-and-i_2979910.png", "width": 1080, "height": 1080, "caption": "“Economics has never been a science - and it is even less now than a few years ago.” — Paul Samuelson", "creditText": "SMS4Smile Quotes", "creator": { "@id": "https://sms4smile.com/quotes/#organization" } } } }, { "@type": "ListItem", "position": 5, "item": { "@type": "Quotation", "text": "Economics is the science which studies human behaviour as a relationship between ends and scarce means which have alternative uses.", "creator": { "@type": "Person", "name": "Lionel Charles Robbins" }, "url": "https://sms4smile.com/quotes/lionel-charles-robbins/economics-is-the-science-which-studies-human-behaviour-as-a/", "image": { "@type": "ImageObject", "@id": "https://sms4smile.com/quotes/i/964/lionel-charles-robbins-257016_alternatives_economics-is-the-science-which-studies-h_1086313.jpg", "contentUrl": "https://sms4smile.com/quotes/i/964/lionel-charles-robbins-257016_alternatives_economics-is-the-science-which-studies-h_1086313.jpg", "url": "https://sms4smile.com/quotes/i/964/lionel-charles-robbins-257016_alternatives_economics-is-the-science-which-studies-h_1086313.jpg", "width": 1080, "height": 1080, "caption": "“Economics is the science which studies human behaviour as a relationship between ends and scarce means which…” — Lionel Charles Robbins", "creditText": "SMS4Smile Quotes", "creator": { "@id": "https://sms4smile.com/quotes/#organization" } } } }, { "@type": "ListItem", "position": 6, "item": { "@type": "Quotation", "text": "What is economics? A science invented by the upper class in order to acquire the fruits of the labor of the underclass", "creator": { "@type": "Person", "name": "August Strindberg" }, "url": "https://sms4smile.com/quotes/august-strindberg/what-is-economics-a-science-invented-by-the-upper-class-in-order-to/", "image": { "@type": "ImageObject", "@id": "https://sms4smile.com/quotes/i/ffb/august-strindberg-3638_acquire_what-is-economics-a-science-invented-by_2316519.png", "contentUrl": "https://sms4smile.com/quotes/i/ffb/august-strindberg-3638_acquire_what-is-economics-a-science-invented-by_2316519.png", "url": "https://sms4smile.com/quotes/i/ffb/august-strindberg-3638_acquire_what-is-economics-a-science-invented-by_2316519.png", "width": 1080, "height": 1080, "caption": "“What is economics? A science invented by the upper class in order to acquire the fruits of the labor of the…” — August Strindberg", "creditText": "SMS4Smile Quotes", "creator": { "@id": "https://sms4smile.com/quotes/#organization" } } } }, { "@type": "ListItem", "position": 7, "item": { "@type": "Quotation", "text": "Many of us like to think of financial economics as a science, but complex events like the financial crisis suggest that this conceit may be more wishful thinking than reality.", "creator": { "@type": "Person", "name": "Andrew Lo" }, "url": "https://sms4smile.com/quotes/andrew-lo/many-of-us-like-to-think-of-financial-economics-as-a-science-but/", "image": { "@type": "ImageObject", "@id": "https://sms4smile.com/quotes/i/adb/andrew-lo-24910_complex_many-of-us-like-to-think-of-financial-ec_1001147.png", "contentUrl": "https://sms4smile.com/quotes/i/adb/andrew-lo-24910_complex_many-of-us-like-to-think-of-financial-ec_1001147.png", "url": "https://sms4smile.com/quotes/i/adb/andrew-lo-24910_complex_many-of-us-like-to-think-of-financial-ec_1001147.png", "width": 1080, "height": 1080, "caption": "“Many of us like to think of financial economics as a science, but complex events like the financial crisis…” — Andrew Lo", "creditText": "SMS4Smile Quotes", "creator": { "@id": "https://sms4smile.com/quotes/#organization" } } } }, { "@type": "ListItem", "position": 8, "item": { "@type": "Quotation", "text": "Economics is not a science, in the sense that a policy can be repeatedly applied under similar conditions and will repeatedly produce similar results.", "creator": { "@type": "Person", "name": "Millicent Fenwick" }, "url": "https://sms4smile.com/quotes/millicent-fenwick/economics-is-not-a-science-in-the-sense-that-a-policy-can-be/", "image": { "@type": "ImageObject", "@id": "https://sms4smile.com/quotes/i/34d/millicent-fenwick-20534_conditions_economics-is-not-a-science-in-the-sense_1475473.png", "contentUrl": "https://sms4smile.com/quotes/i/34d/millicent-fenwick-20534_conditions_economics-is-not-a-science-in-the-sense_1475473.png", "url": "https://sms4smile.com/quotes/i/34d/millicent-fenwick-20534_conditions_economics-is-not-a-science-in-the-sense_1475473.png", "width": 1080, "height": 1080, "caption": "“Economics is not a science, in the sense that a policy can be repeatedly applied under similar conditions…” — Millicent Fenwick", "creditText": "SMS4Smile Quotes", "creator": { "@id": "https://sms4smile.com/quotes/#organization" } } } }, { "@type": "ListItem", "position": 9, "item": { "@type": "Quotation", "text": "Contrary to what professional economists will typically tell you, economics is not a science. All economic theories have underlying political and ethical assumptions, which make it impossible to prove them right or wrong in the way we can with theories in physics or chemistry.", "creator": { "@type": "Person", "name": "Ha-Joon Chang" }, "url": "https://sms4smile.com/quotes/ha-joon-chang/contrary-to-what-professional-economists-will-typically-tell-you/", "image": { "@type": "ImageObject", "@id": "https://sms4smile.com/quotes/i/7bc/ha-joon-chang-3497_assumptions_contrary-to-what-professional-economists_2310492.png", "contentUrl": "https://sms4smile.com/quotes/i/7bc/ha-joon-chang-3497_assumptions_contrary-to-what-professional-economists_2310492.png", "url": "https://sms4smile.com/quotes/i/7bc/ha-joon-chang-3497_assumptions_contrary-to-what-professional-economists_2310492.png", "width": 1080, "height": 1080, "caption": "“Contrary to what professional economists will typically tell you, economics is not a science. All economic…” — Ha-Joon Chang", "creditText": "SMS4Smile Quotes", "creator": { "@id": "https://sms4smile.com/quotes/#organization" } } } }, { "@type": "ListItem", "position": 10, "item": { "@type": "Quotation", "text": "It is clear that Economics, if it is to be a science at all, must be a mathematical science ... simply because it deals with quantities... As the complete theory of almost every other science involves the use of calculus, so we cannot have a true theory of Economics without its aid.", "creator": { "@type": "Person", "name": "William Stanley Jevons" }, "url": "https://sms4smile.com/quotes/william-stanley-jevons/it-is-clear-that-economics-if-it-is-to-be-a-science-at-all-must-be-a/", "image": { "@type": "ImageObject", "@id": "https://sms4smile.com/quotes/i/a68/william-stanley-jevons-10797_aids_it-is-clear-that-economics-if-it-is-to-b_1030026.jpg", "contentUrl": "https://sms4smile.com/quotes/i/a68/william-stanley-jevons-10797_aids_it-is-clear-that-economics-if-it-is-to-b_1030026.jpg", "url": "https://sms4smile.com/quotes/i/a68/william-stanley-jevons-10797_aids_it-is-clear-that-economics-if-it-is-to-b_1030026.jpg", "width": 1080, "height": 1080, "caption": "“It is clear that Economics, if it is to be a science at all, must be a mathematical science ... simply…” — William Stanley Jevons", "creditText": "SMS4Smile Quotes", "creator": { "@id": "https://sms4smile.com/quotes/#organization" } } } }, { "@type": "ListItem", "position": 11, "item": { "@type": "Quotation", "text": "Economics is not a science; it is a quasi-religion: part superstition, part mystique, part sentimentality. Bankers dream like other men, the only difference being that when their dreams turn to nightmares, we all lose sleep. There can be no trusting the muttering of any prelate when it comes to money.", "creator": { "@type": "Person", "name": "Howard Jacobson" }, "url": "https://sms4smile.com/quotes/howard-jacobson/economics-is-not-a-science-it-is-a-quasi-religion-part-superstition/", "image": { "@type": "ImageObject", "@id": "https://sms4smile.com/quotes/i/c9d/howard-jacobson-1484_bankers_economics-is-not-a-science-it-is-a-quasi_2531545.jpg", "contentUrl": "https://sms4smile.com/quotes/i/c9d/howard-jacobson-1484_bankers_economics-is-not-a-science-it-is-a-quasi_2531545.jpg", "url": "https://sms4smile.com/quotes/i/c9d/howard-jacobson-1484_bankers_economics-is-not-a-science-it-is-a-quasi_2531545.jpg", "width": 1080, "height": 1080, "caption": "“Economics is not a science; it is a quasi-religion: part superstition, part mystique, part sentimentality…” — Howard Jacobson", "creditText": "SMS4Smile Quotes", "creator": { "@id": "https://sms4smile.com/quotes/#organization" } } } }, { "@type": "ListItem", "position": 12, "item": { "@type": "Quotation", "text": "“Recognizing that the boundaries of the market are ambiguous and cannot be determined in an objective way lets us realize that economics is not a science like physics or chemistry, but a political exercise. Free-market economists may want you to believe that the correct boundaries of the market can be scientifically determined, but this is incorrect. If the boundaries of what you are studying cannot be scientifically determined, what you are doing is not a science.”", "creator": { "@type": "Person", "name": "Ha-Joon Chang" }, "url": "https://sms4smile.com/quotes/ha-joon-chang/recognizing-that-the-boundaries-of-the-market-are-ambiguous-and/", "image": { "@type": "ImageObject", "@id": "https://sms4smile.com/quotes/i/822/ha-joon-chang-3497_economics_recognizing-that-the-boundaries-of-the-m_694344.jpg", "contentUrl": "https://sms4smile.com/quotes/i/822/ha-joon-chang-3497_economics_recognizing-that-the-boundaries-of-the-m_694344.jpg", "url": "https://sms4smile.com/quotes/i/822/ha-joon-chang-3497_economics_recognizing-that-the-boundaries-of-the-m_694344.jpg", "width": 1080, "height": 1080, "caption": "“Recognizing that the boundaries of the market are ambiguous and cannot be determined in an objective way…” — Ha-Joon Chang", "creditText": "SMS4Smile Quotes", "creator": { "@id": "https://sms4smile.com/quotes/#organization" } } } }, { "@type": "ListItem", "position": 13, "item": { "@type": "Quotation", "text": "“We used to think God made us in His image, and that meant we were special, until science told us we just evolved that way because it suited a landscape of trees and savannas. That's what science does: it says, look again and you'll see you're not special . But economics? Economics is also a science. And what does it say? ... It says: there is energy, and there are raw materials, and that's the cosmos. But without us the energy is random and the raw material is inert. It's only labour that makes the cosmos come alive. It's only us that make economics happen at all. And that makes us special.”", "creator": { "@type": "Person", "name": "Adam Roberts" }, "url": "https://sms4smile.com/quotes/adam-roberts/we-used-to-think-god-made-us-in-his-image-and-that-meant-we-were/", "image": { "@type": "ImageObject", "@id": "https://sms4smile.com/quotes/i/653/adam-roberts-35099_economics_we-used-to-think-god-made-us-in-his-imag_3105401.jpg", "contentUrl": "https://sms4smile.com/quotes/i/653/adam-roberts-35099_economics_we-used-to-think-god-made-us-in-his-imag_3105401.jpg", "url": "https://sms4smile.com/quotes/i/653/adam-roberts-35099_economics_we-used-to-think-god-made-us-in-his-imag_3105401.jpg", "width": 1080, "height": 1080, "caption": "“We used to think God made us in His image, and that meant we were special, until science told us we just…” — Adam Roberts", "creditText": "SMS4Smile Quotes", "creator": { "@id": "https://sms4smile.com/quotes/#organization" } } } } ] }, { "@type": "CollectionPage", "@id": "https://sms4smile.com/quotes/about/economics-science/#webpage", "url": "https://sms4smile.com/quotes/about/economics-science/", "name": "Economics Science Quotes", "isPartOf": { "@id": "https://sms4smile.com/quotes/#website" }, "mainEntity": { "@id": "https://sms4smile.com/quotes/about/economics-science/#itemlist" }, "primaryImageOfPage": { "@id": "https://sms4smile.com/quotes/i/c99/nassim-nicholas-taleb-352_advise_economics-is-not-a-science-and-should-no_2777233.png" }, "description": "Browse 13 Economics Science quotes by 11 authors. 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