--- title: "Meaning & Key Takeaway of: The investigation of causal relations…" description: "\"The investigation of causal relations between economic phenomena presents many problems of peculiar difficulty, and offers many opportunities for falla..." image: "https://sms4smile.com/quotes/i/ec5/udny-yule-102991_accepting_the-investigation-of-causal-relations-be_1896314.jpg" --- # The investigation of causal relations between economic… ![“The investigation of causal relations between economic phenomena presents many problems of peculiar difficulty, and offers many opportunities for fallacious conclusions. Since the statistician can seldom or never make experiments for himself, he has to accept the data of daily experience, and…” quote by Udny Yule](https://sms4smile.com/quotes/i/ec5/udny-yule-102991_accepting_the-investigation-of-causal-relations-be_1896314.jpg) [Download](https://sms4smile.com/quotes/i/ec5/udny-yule-102991_accepting_the-investigation-of-causal-relations-be_1896314.jpg) [Open image](https://sms4smile.com/quotes/i/ec5/udny-yule-102991_accepting_the-investigation-of-causal-relations-be_1896314.jpg) > “The investigation of causal relations between economic phenomena presents many problems of peculiar difficulty, and offers many opportunities for fallacious conclusions. Since the statistician can seldom or never make experiments for himself, he has to accept the data of daily experience, and discuss as best he can the relations of a whole group of changes; he cannot, like the physicist, narrow down the issue to the effect of one variation at a time. The problems of statistics are in this sense far more complex than the problems of physics.” Udny Yule ## About This Quote This interpretation was drafted with AI assistance. It is one reading of the quote, not the author's own explanation. Statistical analysis of economic data is complex, prone to misinterpretation, and limited by lack of controlled experiments. **In simple terms:** Economics stats are complex and risky. Key Takeaway Use caution and seek robust data. Themes statistics economics complexity experiments interpretation data Mood analytical skeptical Type academic explanatory When to use this quote - research design - policy analysis - academic study Key Concepts methodology causation limitations epistemology Questions to Reflect On - How can we improve causal inference? - What data best support conclusions? A Different Perspective Cannot fully replicate experimental control. ★ ★ ★ ★ ★ No ratings yet [Complexes](https://sms4smile.com/quotes/about/complexes/) [Conclusion](https://sms4smile.com/quotes/about/conclusion/) [Daily experience](https://sms4smile.com/quotes/about/daily-experience/) [Data](https://sms4smile.com/quotes/about/data/) [Economics](https://sms4smile.com/quotes/about/economics/) [Experiments](https://sms4smile.com/quotes/about/experiments/) [Issues](https://sms4smile.com/quotes/about/issues/) [Opportunity](https://sms4smile.com/quotes/about/opportunity/) [Physics](https://sms4smile.com/quotes/about/physics/) [Problem](https://sms4smile.com/quotes/about/problem/) [Science](https://sms4smile.com/quotes/about/science/) [Statistics](https://sms4smile.com/quotes/about/statistics/) ## Related quotes > [From this time on, the universe is built up into an aggregate of permanent objects connected by causal relations that are independent of the…](https://sms4smile.com/quotes/jean-piaget/from-this-time-on-the-universe-is-built-up-into-an-aggregate-of/) [Jean Piaget](https://sms4smile.com/quotes/author/jean-piaget/) > [Condense some daily experience into a glowing symbol and an audience is electrified.](https://sms4smile.com/quotes/ralph-waldo-emerson/condense-some-daily-experience-into-a-glowing-symbol-and-an-audience/) [Ralph Waldo Emerson](https://sms4smile.com/quotes/author/ralph-waldo-emerson/) > [The world we live in has been and is being increasingly politicized so that our daily experience is more and more a matter of…](https://sms4smile.com/quotes/deborah-eisenberg/the-world-we-live-in-has-been-and-is-being-increasingly-politicized/) [Deborah Eisenberg](https://sms4smile.com/quotes/author/deborah-eisenberg/) > [How wonderful to know that Christianity is more than a padded pew or a dim cathedral, but that it is a real, living, daily…](https://sms4smile.com/quotes/jim-elliot/how-wonderful-to-know-that-christianity-is-more-than-a-padded-pew-or/) [Jim Elliot](https://sms4smile.com/quotes/author/jim-elliot/) > [Nothing is more natural than grief, no emotion more common to our daily experience. 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Like everybody on the island of Manhattan, we were…](https://sms4smile.com/quotes/mike-d/we-re-downtown-new-yorkers-and-had-very-close-proximity-to-the-events/) [Mike D](https://sms4smile.com/quotes/author/mike-d/) > [The true Mason is ever vigilant for subtle traces of character and personality flaws which daily experience brings out.](https://sms4smile.com/quotes/william-howard-taft/the-true-mason-is-ever-vigilant-for-subtle-traces-of-character-and/) [William Howard Taft](https://sms4smile.com/quotes/author/william-howard-taft/) > [Nothing shows up the difference between the things said or read, so much as the daily experience of it.](https://sms4smile.com/quotes/vita-sackville-west/nothing-shows-up-the-difference-between-the-things-said-or-read-so/) [Vita Sackville-West](https://sms4smile.com/quotes/author/vita-sackville-west/) > [My life provides me with these images that become expressions of my daily experience.](https://sms4smile.com/quotes/domenico-gnoli/my-life-provides-me-with-these-images-that-become-expressions-of-my/) [Domenico Gnoli](https://sms4smile.com/quotes/author/domenico-gnoli/) > [“Walking is a daily experience and a lifetime journey.”](https://sms4smile.com/quotes/maxine-bigby-cunningham/walking-is-a-daily-experience-and-a-lifetime-journey/) Maxine Bigby Cunningham > [Lord Jesus, cause me to know in my daily experience the glory and sweetness of Thy name, and then teach me how to use…](https://sms4smile.com/quotes/charles-spurgeon/lord-jesus-cause-me-to-know-in-my-daily-experience-the-glory-and/) [Charles Spurgeon](https://sms4smile.com/quotes/author/charles-spurgeon/) > [Man is constantly being assured that he has more power than ever before in history, but his daily experience is one of powerlessness. ...…](https://sms4smile.com/quotes/richard-m-weaver/man-is-constantly-being-assured-that-he-has-more-power-than-ever/) [Richard M. Weaver](https://sms4smile.com/quotes/author/richard-m-weaver/) > [I found by daily experience, the more I did, the more I might do for God.](https://sms4smile.com/quotes/george-whitefield/i-found-by-daily-experience-the-more-i-did-the-more-i-might-do-for-god/) [George Whitefield](https://sms4smile.com/quotes/author/george-whitefield/) > [Your home should be about enriching the daily experience.](https://sms4smile.com/quotes/kevin-mccloud/your-home-should-be-about-enriching-the-daily-experience/) [Kevin McCloud](https://sms4smile.com/quotes/author/kevin-mccloud/) ## More by Udny Yule > [In our lust for measurement, we frequently measure that which we can rather than that which we wish to measure... and forget that there…](https://sms4smile.com/quotes/udny-yule/in-our-lust-for-measurement-we-frequently-measure-that-which-we-can/) Udny Yule Explore all 2 Udny Yule quotes ## More Accepting quotes > [From Augustine down, theologians have tried to compel people to accept their special interpretation of the Scripture, and the tortures of the inquisition, the…](https://sms4smile.com/quotes/matilda-joslyn-gage/from-augustine-down-theologians-have-tried-to-compel-people-to-accept/) [Matilda Joslyn Gage](https://sms4smile.com/quotes/author/matilda-joslyn-gage/) > [Laughing, laughing, laughing, laughing! 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