Economics Quote by Michel Chossudovsky

Mainstream economics scholarship produces theory without facts (pure theory) and facts without theory

— Michel Chossudovsky

For Marx, 'pure' economic theory, that is economic theory which abstracts from a specific social structure, is impossible.

— Ernest Mandel

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

There is no such thing as economics, only social science applied to economic problems.

— Kenneth E. Boulding

Unlike physics, for example, such parts of the bare bones of economic theory as are expressible in mathematical form are extremely easy compared with…

— John Maynard Keynes

Economic theory is the most prestigious subject of instruction and study. Agricultural economics, labor economics and marketing are lower caste fields of study.

— John Kenneth Galbraith

The modern history of economic theory is a tale of evasions of reality.

— Thomas Balogh, Baron Balogh

It is clear that Economics, if it is to be a science at all, must be a mathematical science ... simply because it deals…

— William Stanley Jevons

The tradition of Chicago price theory is a good one, and it is a low-tech methodology that tries to apply simple economic theory to…

— Richard Thaler

My interest in economics has always been in the whole corpus of economic theory, the interrelationships between the various fields of theory and their…

— James Meade

Economists can never be free of from difficulties unless they will distinguish between a theory and the application of a theory.

— William Stanley Jevons

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