Discipline Quote by Robert Kuttner

Economists suffer from a deep psychological disorder that I call 'physics envy'. We wish that 99 percent of economic behavior could be captured by…

— Andrew Lo

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

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

— Charlie Munger

We have lost sight of the dependence we have on nature in economics

— Tony Juniper

Economics is haunted by more fallacies than any other study known to man. This is no accident. The inherent difficulties of the subject would…

— Henry Hazlitt

Unfortunately, a lot of economists wanted to make their subject a science. So the more what you do resembles physics or chemistry, the more…

— Ha-Joon Chang

Economics has never been a science - and it is even less now than a few years ago.

— Paul Samuelson

That's the world we live in: when it comes to economics, people have emotions; it's not like chemistry or physics.

— Robert J. Shiller

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

“Neoclassical economics has effectively insulated itself from the great advances made in science and engineering over the last 40 years. This self-imposed isolation must…

— Steve Keen

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

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