Frank Hyneman Knight
(7 Nov 1885 - 15 Apr 1972)
Science Quotes by Frank Hyneman Knight (1 quote)
The saying often quoted from Lord Kelvin that where you cannot measure your knowledge is meagre and unsatisfactory, as applied in mental and social science, is misleading and pernicious. This is another way of saying that these sciences are not science in the sense of physical science and cannot attempt to be such without forfeiting their proper nature and function. Insistence on a concretely quantitative economics means the use of statistics of physical magnitudes, whose economic meaning and significance is uncertain and dubious. (Even wheat is approximately homogeneous only if measured in economic terms.) And a similar statement would even apply more to other social sciences. In this field, the Kelvin dictum very largely means in practice, if you cannot measure, measure anyhow!
— Frank Hyneman Knight