Able Quote by Arthur Cecil Pigou

Economics seeks to be a science. Science is supposed to be objective and it is difficult to be scientific when the subject matter, the…

— George Soros

Contrary to what professional economists will typically tell you, economics is not a science. All economic theories have underlying political and ethical assumptions, which…

— Ha-Joon Chang

We need to abandon the economist's notion of the economy as a machine, with its attendant concept of equilibrium. A more helpful way of…

— Paul Ormerod

Economics is not an exact science.

— John Kenneth Galbraith

In any case I hold that there must arise a science of the development of economic forms and relations.

— William Stanley Jevons

“Everything economic science posits as given, that is, the range of dispositions of the economic agent which ground the illusion of the ahistorical universality…

— Pierre Bourdieu

Despite its scientific pretensions, economics still remains more of an art than a science

— Robert Kuttner

You will perceive that economy, scientifically speaking, is a very contracted science; it is in fact a sort of vague mathematics which calculates the…

— William Stanley Jevons

Existing economics is a theoretical system which floats in the air and which bears little relation to what happens in the real world.

— Ronald Coase

“The science called ‘economics’ is based on an initial act of abstraction that consists in dissociating a particular category of practices, or a particular…

— Pierre Bourdieu

Economics is a strange science. Our subject deals with some of the most important as well as mundane issues that impinge on the human…

— Dale T. Mortensen

The problem is that once we focus on economic policy, much that is not science comes into play. Politics becomes involved, and political posturing…

— Robert J. Shiller