Ashamed Quote by Sir John Richard Hicks

...the discipline of economics has yet to get over its childish passion for mathematics and for purely theoretical and often highly ideological speculation, at…

— Thomas Piketty

“To put it bluntly, the discipline of economics has yet to get over its childish passion for mathematics and for purely theoretical and often…

— Thomas Piketty

I can observe the game theory is applied very much in economics. Generally, it would be wise to get into the mathematics as much…

— John Forbes Nash, Jr

Modern economics is sick. Economics has increasingly become an intellectual game played for its own sake and not for its practical consequences for understanding…

— Mark Blaug

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

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

— Milton Friedman

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

“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

What good does the theory [of economics] do if it is not working for people?

— Muhammad Yunus

It is thus hardly surprising that so many of the great minds in recent history have concerned themselves with economic matters. Indeed, they have…

— Paul Zane Pilzer

Paradoxically, it has turned out that game theory is more readily applied to biology than to the field of economic behavior for which it…

— John Maynard Smith

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