Calculations Quote by John Tukey

Too large a proportion of recent "mathematical" economics are mere concoctions, as imprecise as the initial assumptions they rest on, which allow the author…

— John Maynard Keynes

“Economists are all too often preoccupied with petty mathematical problems of interest only to themselves. This obsession with mathematics is an easy way of…

— Thomas Piketty

There can be no question, however, that prolonged commitment to mathematical exercises in economics can be damaging. It leads to the atrophy of judgement…

— John Kenneth Galbraith

“The mathematical economists have commonly been mathematicians first and economists afterward, disposed to oversimplify the data and underestimate the divergence between their premises and…

— Frank H. Knight

Theorems are fun especially when you are the prover, but then the pleasure fades. What keeps us going are the unsolved problems.

— Carl Pomerance

Economists often like startling theorems, results which seem to run counter to conventional wisdom.

— Joseph Stiglitz

The desire to economize time and mental effort in arithmetical computations, and to eliminate human liability to error is probably as old as the…

— Howard Aiken

We're facing a danger that economics is rigorous deduction based upon faulty assumptions. Science after science gets that way from time to time. When…

— W. Brian Arthur

Mathematical economics is old enough to be respectable, but not all economists respect it. It has powerful supporters and impressive testimonials, yet many capable…

— James R Newman

“The thesis of the book,” he writes in response, “when correctly interpreted, is essentially trivial. . . . To ‘prove’ such a mathematical result by a costly…

— Jordan Ellenberg

Economics has become increasingly an arcane branch of mathematics rather than dealing with real economic problems.

— Milton Friedman

The temptation to use mathematics is irresistible for economists. It appears to convey the appropriate air of scientific authority and precision to economists' musings.

— Paul Ormerod