Become Quote by Ha-Joon Chang

Unlike physics, economists don't settle things. There seems to be plenty of room for different conclusions that are still accepted in the academy.

— Adam Davidson

That subject has lost its one time appeal to economists as our science has become more abstract, but my interest has even grown more…

— George Stigler

Economics never was a dismal science. I should be a realistic science.

— Paul Samuelson

Economics profession, they've been - they've been confident in various formulas, but economics is not physics. The same formula that works in one decade…

— Charlie Munger

Economics never was a dismal science. It should be a realistic science.

— Paul Samuelson

...even professors of economics, to say nothing of the public, do not generally have scientific minds.

— Frank Knight

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

It is clear that economics, if it is to be a science at all, must be a mathematical science.

— William Stanley Jevons

So, economics should emulate physics' basic ethos, but its search for precision in physics-like formulas is almost always wrong in economics.

— Charlie Munger

Physicists can only talk to other physicists and economists to economists... sociologists often cannot even understand each other.

— Kenneth E. Boulding

We judge economics by what it can produce. As such, economics is rather more like engineering than physics: more practical than spiritual.

— Robert J. Shiller

Economics is a social science, not a physical science.

— Jim Stanford