Economics Quote by Paul Samuelson
“Economics has never been a science - and it is even less now than a few years ago.”
About This Quote
Source Interview: Economic commentary, unknown source
Claims economics lacks scientific rigor and has become even less reliable over recent years.
In simple terms: Economics isn’t a true science and is getting worse.
Key Takeaway
Question assumptions and seek robust evidence.
Themes
skepticism
science
economics
Mood
critical
thoughtful
Type
philosophical
analytical
When to use this quote
- academic research
- public policy
- financial forecasting
Key Concepts
methodology
empiricism
policy impact
Questions to Reflect On
- What makes a field scientific?
- How can economics improve its methods?
A Different Perspective
Economic analysis still provides valuable insights.
![“When the economy was going up, [Milton Friedman and I] both gave the same advice, and when the economy was going down, we gave the same advice. But in between he didn't change his advice at all.” quote by Paul Samuelson](https://sms4smile.com/quotes/img-quotes/0e0/paul-samuelson-9078_advice_when-the-economy-was-going-up-milton-fri_107897.jpg)
