Branches Quote by Thomas Malthus
“It has been said, and perhaps with truth, that the conclusions of Political Economy partake more of the certainty of the stricter sciences than those of most of the other branches of human knowledge.”
About This Quote
Source Treatise: Political Economy, 1798
Political economy resembles hard sciences more than other humanities.
In simple terms: Economics is more scientific than many fields.
Apply rigorous analysis to economics.
Themes
Mood
Type
When to use this quote
- policy making
- academic research
- financial modeling
Key Concepts
Questions to Reflect On
- How scientific is economic forecasting?
- What limits scientific certainty in economics?
Human factors can defy strict certainty.