--- title: "Meaning & Key Takeaway of: Economics is not a science, in the sense…" description: "\"Economics is not a science, in the sense that a policy can be repeatedly applied under similar conditions and will repeatedly produce similar results.\"..." image: "https://sms4smile.com/quotes/i/34d/millicent-fenwick-20534_conditions_economics-is-not-a-science-in-the-sense_1475473.png" --- # Economics is not a science, in the sense that a policy can… ![“Economics is not a science, in the sense that a policy can be repeatedly applied under similar conditions and will repeatedly produce similar results.” quote by Millicent Fenwick](https://sms4smile.com/quotes/i/34d/millicent-fenwick-20534_conditions_economics-is-not-a-science-in-the-sense_1475473.png) [Download](https://sms4smile.com/quotes/i/34d/millicent-fenwick-20534_conditions_economics-is-not-a-science-in-the-sense_1475473.png) [Open image](https://sms4smile.com/quotes/i/34d/millicent-fenwick-20534_conditions_economics-is-not-a-science-in-the-sense_1475473.png) > “Economics is not a science, in the sense that a policy can be repeatedly applied under similar conditions and will repeatedly produce similar results.” [Millicent Fenwick](https://sms4smile.com/quotes/author/millicent-fenwick/) ## About This Quote This interpretation was drafted with AI assistance. It is one reading of the quote, not the author's own explanation. Economics lacks the repeatable certainty of a hard science because human behavior varies. **In simple terms:** Economics is not a precise science due to human variability. Key Takeaway Expect variability and adapt policies accordingly. Themes economics policy uncertainty Mood cautious analytical Type pragmatic policy‑oriented When to use this quote - government policy - business strategy - market analysis - public health planning Key Concepts human behavior scientific method prediction limits Questions to Reflect On - How do you balance model guidance with real‑world unpredictability? - What safeguards can improve policy robustness? A Different Perspective Economic models can still guide decisions despite imperfect predictability. ★ ★ ★ ★ ★ No ratings yet [Conditions](https://sms4smile.com/quotes/about/conditions/) [Conditions Repeatedly](https://sms4smile.com/quotes/about/conditions-repeatedly-5365376/) [Economics](https://sms4smile.com/quotes/about/economics/) [Economics Science](https://sms4smile.com/quotes/about/economics-science-1349312/) [Policy](https://sms4smile.com/quotes/about/policy/) [Policy Repeatedly](https://sms4smile.com/quotes/about/policy-repeatedly-5365375/) [Produce](https://sms4smile.com/quotes/about/produce/) [Repeatedly](https://sms4smile.com/quotes/about/repeatedly/) [Results](https://sms4smile.com/quotes/about/results/) [Science](https://sms4smile.com/quotes/about/science/) [Similar Conditions](https://sms4smile.com/quotes/about/similar-conditions-1660686/) ## Related quotes > [Surprising as it may seem, this study indicates that similar conditions are best for all sorts of races.](https://sms4smile.com/quotes/ellsworth-huntington/surprising-as-it-may-seem-this-study-indicates-that-similar/) [Ellsworth Huntington](https://sms4smile.com/quotes/author/ellsworth-huntington/) > [Constipation and procrastination are similar. In both conditions you dont give a crap.](https://sms4smile.com/quotes/anonymous/constipation-and-procrastination-are-similar-in-both-conditions-you/) [Anonymous](https://sms4smile.com/quotes/author/anonymous/) > [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/) > [“We used to think God made us in His image, and that meant we were special, until science told us we just evolved that…](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/) > [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/) > [“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/) > [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/) > [Economics is not a science; it is a quasi-religion: part superstition, part mystique, part sentimentality. 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