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Home > Category Index for Science Quotations > Category Index E > Category: Economic

Economic Quotes (84 quotes)

[Lord of the Rings] is … a piece of literature, … and not real history. … Its economics, science, artefacts, religion, and philosophy are defective, or at least sketchy.
From Letter draft to Peter Hastings (manager of a Catholic bookshop in Oxford, who wrote about his enthusiasm for Lord of the Rings) (Sep 1954). In Humphrey Carpenter (ed.) assisted by Christopher Tolkien, The Letters of J.R.R. Tolkien (1995, 2014), 188, Letter No. 153.
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Burned deforestation photo+quote Destroying rain forest for economic gain is like burning a Renaissance painting to cook a meal
Lacandon jungle burned for agriculture in Chiapas, Mexico (by Jami Dwyer) (source)
[Destroying rain forest for economic gain] is like burning a Renaissance painting to cook a meal.
Quoted in R.Z. Sheppard, 'Nature: Splendor in The Grass', Time (3 Sep 1990)
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[The surplus of basic knowledge of the atomic nucleus was] largely used up [during the war with the atomic bomb as the dividend.] We must, without further delay restore this surplus in preparation for the important peacetime job for the nucleus - power production. ... Many of the proposed applications of atomic power - even for interplanetary rockets - seem to be within the realm of possibility provided the economic factor is ruled out completely, and the doubtful physical and chemical factors are weighted heavily on the optimistic side. ... The development of economic atomic power is not a simple extrapolation of knowledge gained during the bomb work. It is a new and difficult project to reach a satisfactory answer. Needless to say, it is vital that the atomic policy legislation now being considered by the congress recognizes the essential nature of this peacetime job, and that it not only permits but encourages the cooperative research-engineering effort of industrial, government and university laboratories for the task. ... We must learn how to generate the still higher energy particles of the cosmic rays - up to 1,000,000,000 volts, for they will unlock new domains in the nucleus.
Addressing the American Institute of Electrical Engineering, in New York (24 Jan 1946). In Schenectady Gazette (25 Jan 1946),
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[As Chief Scientific Adviser to the British Ministry of Defence] We persist in regarding ourselves as a Great Power, capable of everything and only temporarily handicapped by economic difficulties. We are not a great power and never will be again. We are a great nation, but if we continue to behave like a Great Power we shall soon cease to be a great nation. Let us take warning from the fate of the Great Powers of the past and not burst ourselves with pride (see Aesop’s fable of the frog). (1949)
As quoted by Peter Hennessy, Whitehall (1989), 155.
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America has always been greatest when we dared to be great. We can reach for greatness again. We can follow our dreams to distant stars, living and working in space for peaceful, economic, and scientific gain. Tonight, I am directing NASA to develop a permanently manned space station and to do it within a decade.
From State of the Union Address (25 Jan 1984).
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Among the current discussions, the impact of new and sophisticated methods in the study of the past occupies an important place. The new 'scientific' or 'cliometric' history—born of the marriage contracted between historical problems and advanced statistical analysis, with economic theory as bridesmaid and the computer as best man—has made tremendous advances in the last generation.
Co-author with Geoffrey Rudolph Elton (1921-94), British historian. Which Road to the Past? Two Views of History (1983), 2.
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Among the social sciences, economists are the snobs. Economics, with its numbers and graphs and curves, at least has the coloration and paraphernalia of a hard science. It's not just putting on sandals and trekking out to take notes on some tribe.
'A Cuba Policy That's Stuck On Plan A', opinion column in Washington Post (17 April 2009).
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Art is the beautiful way of doing things. Science is the effective way of doing things. Business is the economic way of doing things.
Selected writings of Elbert Hubbard (1928), 101.
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As we consider the manifold materials that keep us going between breakfast and bedtime, our welfare is served by the wild species that make up the planetary ecosystem with us. To date, scientists have conducted intensive screening of less than 1 percent of all species with a view to determining their economic potential. Yet these preliminary investigations have thrown up thousands of products of everyday use.
A Wealth Of Wild Species: Storehouse For Human Welfare (1983), Prologue, 8.
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But for us, it’s different. Look again at that dot. That’s here. That’s home. That’s us. On it everyone you love, everyone you know, everyone you ever heard of, every human being who ever was, lived out their lives. The aggregate of our joy and suffering, thousands of confident religions, ideologies, and economic doctrines, every hunter and forager, every hero and coward, every creator and destroyer of civilization, every king and peasant, every young couple in love, every mother and father, hopeful child, inventor and explorer, every teacher of morals, every corrupt politician, every “superstar,” every “supreme leader,” every saint and sinner in the history of our species lived there - on a mote of dust suspended in a sunbeam.
…...
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By virtue of the way it has organized its technological base, contemporary industrial society tends to be totalitarian. For 'totalitarian' is not only a terroristic political coordination of society, but also a non-terroristic economic-technical coordination which operates through the manipulation of needs by vested interests. It thus precludes the emergence of an effective opposition against the whole. Not only a specific form of government or party rule makes for totalitarianism, but also a specific system of production and distribution which may well be compatible with a 'pluralism' of parties, newspapers, 'countervailing powers,' etc.
One Dimensional Man (1964), 3.
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Chemical engineering is the profession in which a knowledge of mathematics, chemistry and other natural sciences gained by study, experience and practice is applied with judgment to develop economic ways of using materials and energy for the benefit of mankind.
AIChE
In Article III, 'Definition of the Profession', Constitution of the American Institute of Chemical Engineers (as amended 17 Jan 2003). The same wording is found in the 1983 Constitution, as quoted in Nicholas A. Peppas (ed.), One Hundred Years of Chemical Engineering: From Lewis M. Norton (M.I.T. 1888) to Present (2012), 334.
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Civilization is in no immediate danger of running out of energy or even just out of oil. But we are running out of environment—that is, out of the capacity of the environment to absorb energy's impacts without risk of intolerable disruption—and our heavy dependence on oil in particular entails not only environmental but also economic and political liabilities.
Power to the People: How the Coming Energy Revolution will Transform an Industry, Change our Lives, and Maybe Even Save the Planet (2003).
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Cyberspace consists of transactions, relationships, and thought itself, arrayed like a standing wave in the web of our communications. Ours is a world that is both everywhere and nowhere, but it is not where bodies live. We are creating a world that all may enter without privilege or prejudice accorded by race, economic power, military force, or station of birth. We are creating a world where anyone, anywhere may express his or her beliefs, no matter how singular, without fear of being coerced into silence or conformity.
In 'A Declaration of the Independence of Cyberspace' (8 Feb 1996). Published on Electronic Frontier Foundation website. Reproduced in Lawrence Lessig, Code: Version 2.0) (2008), 303.
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Disease is largely a removable evil. It continues to afflict humanity, not only because of incomplete knowledge of its causes and lack of individual and public hygiene, but also because it is extensively fostered by harsh economic and industrial conditions and by wretched housing in congested communities. ... The reduction of the death rate is the principal statistical expression and index of human social progress. It means the saving and lengthening of lives of thousands of citizens, the extension of the vigorous working period well into old age, and the prevention of inefficiency, misery, and suffering. These advances can be made by organized social effort. Public health is purchasable. (1911)
Quoted in Evelynn Maxine Hammonds, Childhood's Deadly Scourge: The Campaign to Control Diphtheria in New York City, 1880-1930(1999), 221.
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During my span of life science has become a matter of public concern and the l'art pour l'art standpoint of my youth is now obsolete. Science has become an integral and most important part of our civilization, and scientific work means contributing to its development. Science in our technical age has social, economic, and political functions, and however remote one's own work is from technical application it is a link in the chain of actions and decisions which determine the fate of the human race. I realized this aspect of science in its full impact only after Hiroshima.
Max Born
My Life & My Views (1968), 49.
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Engineering is the conscious application of science to the problems of economic production.
1910
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Engineering is the practice of safe and economic application of the scientific laws governing the forces and materials of nature by means of organization, design and construction, for the general benefit of mankind.
1920
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Engineering is the science and art of efficient dealing with materials and forces … it involves the most economic design and execution … assuring, when properly performed, the most advantageous combination of accuracy, safety, durability, speed, simplicity, efficiency, and economy possible for the conditions of design and service.
As coauthor with Frank W. Skinner, and Harold E. Wessman, Vocational Guidance in Engineering Lines (1933), 6.
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Even bigger machines, entailing even bigger concentrations of economic power and exerting ever greater violence against the environment, do not represent progress: they are a denial of wisdom. Wisdom demands a new orientation of science and technology towards the organic, the gentle, the non-violent, the elegant and beautiful.
In Small is Beautiful: Economics as if People Mattered (1973).
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Every effort for progress, for enlightenment, for science, for religious, political, and economic liberty, emanates from the minority, and not from the mass.
…...
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Hitler is living—or shall I say sitting?—on the empty stomach of Germany. As soon as economic conditions improve, Hitler will sink into oblivion. He dramatizes impossible extremes in an amateurish manner.
In Cosmic Religion: With Other Opinions and Aphorisms (1931), 105. Also quoted in book review, 'Einstein Obiter Dicta', Time (6 Oct 1930), 16, No. 14, 18.
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I am an adherent of the ideal of democracy, although I well know the weaknesses of the democratic form of government. Social equality and economic protection of the individual appeared to me always as the important communal aims of the state.
…...
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I consider it important, indeed urgently necessary, for intellectual workers to get together, both to protect their own economic status and, also, generally speaking, to secure their influence in the political field.
…...
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I have long aspired to make our company a noble prototype of industry, penetrating in science, reliable in engineering, creative in aesthetics and wholesomely prosperous in economics.
In Alan R. Earls and Nasrin Rohani, Polaroid (2005), 7.
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I have now reached the point where I may indicate briefly what to me constitutes the essence of the crisis of our time. It concerns the relationship of the individual to society. The individual has become more conscious than ever of his dependence upon society. But he does not experience this dependence as a positive asset, as an organic tie, as a protective force, but rather as a threat to his natural rights, or even to his economic existence. Moreover, his position in society is such that the egotistical drives of his make-up are constantly being accentuated, while his social drives, which are by nature weaker, progressively deteriorate. All human beings, whatever their position in society, are suffering from this process of deterioration. Unknowingly prisoners of their own egotism, they feel insecure, lonely, and deprived of the naive, simple, and unsophisticated enjoyment of life. Man can find meaning in life, short and perilous as it is, only through devoting himself to society.
…...
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I should regard them [the Elves interested in technical devices] as no more wicked or foolish (but in much the same peril) as Catholics engaged in certain kinds of physical research (e.g. those producing, if only as by-products, poisonous gases and explosives): things not necessarily evil, but which, things being as they are, and the nature and motives of the economic masters who provide all the means for their work being as they are, are pretty certain to serve evil ends. For which they will not necessarily be to blame, even if aware of them.
From Letter draft to Peter Hastings (manager of a Catholic bookshop in Oxford, who wrote about his enthusiasm for Lord of the Rings) (Sep 1954). In Humphrey Carpenter (ed.) assisted by Christopher Tolkien, The Letters of J.R.R. Tolkien (1995, 2014), 190, Letter No. 153.
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I think we may picture those domains where understanding exists, whether in physics, chemistry, biology, psychology, economics or any other discipline as cultivated valleys in a formidably mountainous country. We may recognise in principle that we all inhabit the same world but in practice we do well to cultivate our own valleys, with an occasional assault on the more accessible foothills, rather than to build roads in a vain attempt at colonisation.
From Inaugural Lecture as Cavendish Professor of Physics, Cambridge, as quoted in Gordon L. Glegg, The Development of Design (1981), 1-2.
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If a man is in any sense a real mathematician, then it is a hundred to one that his mathematics will be far better than anything else he can do, and that it would be silly if he surrendered any decent opportunity of exercising his one talent in order to do undistinguished work in other fields. Such a sacrifice could be justified only by economic necessity of age.
In A Mathematician's Apology (1940, 2012), 70.
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If farm ecology and economics go wrong, nothing else will go right in agriculture.
In 'Science and Shaping the Future of Rice', collected in Pramod K. Aggarwal et al. (eds.), 2006 International Rice Congress: Science, Technology, and Trade for Peace and Prosperity (2007), 5.
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Imagine Aristotle revivified and visiting Manhattan. Nothing in our social, political, economic, artistic, sexual or religious life would mystify him, but he would be staggered by our technology. Its products—skyscrapers, cars, airplanes, television, pocket calculators—would have been impossible without calculus.
In book review, 'Adventures Of a Mathematician: The Man Who Invented the H-Bomb', New York Times (9 May 1976), 201.
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In clinical investigation the sick individual is at the centre of the picture. The physician must have a deep interest in his patient’s economic and social structure as well as in his physical and psychic state. If attention is not paid to the diagnosis of the person the clinical investigator is apt to fail in studies of the patient’s disease. Without a consideration of the patient as a human being it would have been difficult to have fed patients daily large amounts of liver.
In Nobel Banquet speech (10 Dec 1934). Collected in Gustaf Santesson (ed.) Les Prix Nobel en 1934 (1935).
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In early times, when the knowledge of nature was small, little attempt was made to divide science into parts, and men of science did not specialize. Aristotle was a master of all science known in his day, and wrote indifferently treatises on physics or animals. As increasing knowledge made it impossible for any one man to grasp all scientific subjects, lines of division were drawn for convenience of study and of teaching. Besides the broad distinction into physical and biological science, minute subdivisions arose, and, at a certain stage of development, much attention was, given to methods of classification, and much emphasis laid on the results, which were thought to have a significance beyond that of the mere convenience of mankind.
But we have reached the stage when the different streams of knowledge, followed by the different sciences, are coalescing, and the artificial barriers raised by calling those sciences by different names are breaking down. Geology uses the methods and data of physics, chemistry and biology; no one can say whether the science of radioactivity is to be classed as chemistry or physics, or whether sociology is properly grouped with biology or economics. Indeed, it is often just where this coalescence of two subjects occurs, when some connecting channel between them is opened suddenly, that the most striking advances in knowledge take place. The accumulated experience of one department of science, and the special methods which have been developed to deal with its problems, become suddenly available in the domain of another department, and many questions insoluble before may find answers in the new light cast upon them. Such considerations show us that science is in reality one, though we may agree to look on it now from one side and now from another as we approach it from the standpoint of physics, physiology or psychology.
In article 'Science', Encyclopedia Britannica (1911), 402.
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In studying the fate of our forest king, we have thus far considered the action of purely natural causes only; but, unfortunately, man is in the woods, and waste and pure destruction are making rapid headway. If the importance of the forests were even vaguely understood, even from an economic standpoint, their preservation would call forth the most watchful attention of government
John Muir
In The Mountains of California (1894), 198.
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Insulin is not a cure for diabetes; it is a treatment. It enables the diabetic to burn sufficient carbohydrates, so that proteins and fats may be added to the diet in sufficient quantities to provide energy for the economic burdens of life.
'Diabetes and Insulin', Nobel Lecture, 15 September 1925. In Nobel Lectures: Physiology or Medicine, 1922-1941 (1965), 68.
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It is a better world with some buffalo left in it, a richer world with some gorgeous canyons unmarred by signboards, hot-dog stands, super highways, or high-tension lines, undrowned by power or irrigation reservoirs. If we preserved as parks only those places that have no economic possibilities, we would have no parks. And in the decades to come, it will not be only the buffalo and the trumpeter swan who need sanctuaries. Our own species is going to need them too. It needs them now.
Conclusion of essay 'The Marks of Human Passage', collected in This is Dinosaur: Echo Park Country and its Magic Rivers (1955), 17.
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Marxism: The theory that all the important things in history are rooted in an economic motive, that history is a science, a science of the search for food.
From Daily News (31 Jul 1909). In Dale Ahlquist (ed.) The Universe According to G.K. Chesterton: A Dictionary of the Mad, Mundane and Metaphysical (2013), 71.
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Marxists are more right than wrong when they argue that the problems scientists take up,. the way they go about solving them, and even the solutions they arc inclined to accept, arc conditioned by the intellectual, social, and economic environments in which they live and work.
In Mankind Evolving: The Evolution of the Human Species, 128. As cited in Ted Woods & Alan Grant, Reason in Revolt - Dialectical Philosophy and Modern Science (2003), Vol. 2, 183.
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Mathematical economics is old enough to be respectable, but not all economists respect it. It has powerful supporters and impressive testimonials, yet many capable economists deny that mathematics, except as a shorthand or expository device, can be applied to economic reasoning. There have even been rumors that mathematics is used in economics (and in other social sciences) either for the deliberate purpose of mystification or to confer dignity upon commonplaces as French was once used in diplomatic communications. …. To be sure, mathematics can be extended to any branch of knowledge, including economics, provided the concepts are so clearly defined as to permit accurate symbolic representation. That is only another way of saying that in some branches of discourse it is desirable to know what you are talking about.
In J.R. Newman (ed.), Commentary on Cournot, Jevons and the Mathematics of Money', The World of Mathematics (1956), Vol. 2, 1200.
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Models so constructed, though of no practical value, serve a useful academic function. The oldest problem in economic education is how to exclude the incompetent. The requirement that there be an ability to master difficult models, including ones for which mathematical competence is required, is a highly useful screening device.
In Economics, Peace, and Laughter (1981), 40-41.
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My decision to leave applied mathematics for economics was in part tied to the widely-held popular belief in the 1960s that macroeconomics had made fundamental inroads into controlling business cycles and stopping dysfunctional unemployment and inflation.
Nobel Banquet Speech (1995). Collected in Tore Frängsmyr (ed.), Les Prix Nobel/Nobel Lectures/The Nobel Prizes.
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Nevertheless, it is necessary to remember that a planned economy is not yet socialism. A planned economy as such may be accompanied by the complete enslavement of the individual. The achievement of socialism requires the solution of some extremely difficult socio-political problems: how is it possible, in view of the far-reaching centralisation of political and economic power, to prevent bureaucracy from becoming all-powerful and overweening? How can the rights of the individual be protected and therewith a democratic counterweight to the power of bureaucracy be assured?
…...
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Now if we want poets to interpret physical science as Milton and Shelley did (Shelley and Keats were the last English poets who were at all up-to-date in their chemical knowledge), we must see that our possible poets are instructed, as their masters were, in science and economics.
In Daedalus or Science and the Future (1924). Reprinted in Haldane's Daedalus Revisited (1995), 31.
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Once early in the morning, at two or three in the morning, when the master was asleep, the books in the library began to quarrel with each other as to which was the king of the library. The dictionary contended quite angrily that he was the master of the library because without words there would be no communication at all. The book of science argued stridently that he was the master of the library for without science there would have been no printing press or any of the other wonders of the world. The book of poetry claimed that he was the king, the master of the library, because he gave surcease and calm to his master when he was troubled. The books of philosophy, the economic books, all put in their claims, and the clamor was great and the noise at its height when a small low voice was heard from an old brown book lying in the center of the table and the voice said, “The Lord is my shepherd, I shall not want.” And all of the noise and the clamor in the library ceased, and there was a hush in the library, for all of the books knew who the real master of the library was.
'Ministers of Justice', address delivered to the Eighty-Second Annual Convention of the Tennessee Bar Association at Gatlinburg (5 Jun 1963). In Tennessee Law Review (Fall 1963), 31, No. 1, 19.
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Professor [Max] Planck, of Berlin, the famous originator of the Quantum Theory, once remarked to me that in early life he had thought of studying economics, but had found it too difficult! Professor Planck could easily master the whole corpus of mathematical economics in a few days. He did not mean that! But the amalgam of logic and intuition and the wide knowledge of facts, most of which are not precise, which is required for economic interpretation in its highest form is, quite truly, overwhelmingly difficult for those whose gift mainly consists in the power to imagine and pursue to their furthest points the implications and prior conditions of comparatively simple facts which are known with a high degree of precision.
'Alfred Marshall: 1842-1924' (1924). In Geoffrey Keynes (ed.), Essays in Biography (1933), 191-2
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Prolonged commitment to mathematical exercises in economics can be damaging. It leads to the atrophy of judgement and intuition which are indispensable for real solutions and, on occasion, leads also to a habit of mind which simply excludes the mathematically inconvenient factors from consideration.
In Economics, Peace, and Laughter (1981), 41, footnote.
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Richard Drew embodied the essential spirit of the inventor, a person of vision and unrelenting persistence who refused to give in to adversity. He made an enormous contribution, not only to the growth of 3M, but also to advancement of many modern industries vital to worldwide economic growth.
Speaking at Drew's posthumous induction into the National Inventors Hall of Fame, Akron, Ohio (4 May 2007). From Press Release (7 May 2007) on 3M Company website.
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Science is concerned with what is possible while engineering is concerned with choosing, from among the many possible ways, one that meets a number of often poorly stated economic and practical objectives.
From Turing Award lecture (1968), 'One Man's View of Computer Science', collected in ACM Turing Award Lectures: The First Twenty Years, 1966 to 1985 (1987), 209. ACM is the Association for Computing Machinery. Also in Journal of the ACM (Jan 1969), 16, No. 1, 5.
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Science would not be what it is if there had not been a Galileo, a Newton or a Lavoisier, any more than music would be what it is if Bach, Beethoven and Wagner had never lived. The world as we know it is the product of its geniuses—and there may be evil as well as beneficent genius—and to deny that fact, is to stultify all history, whether it be that of the intellectual or the economic world.
What is Science? (1921), 73.
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Scientists are not robotic inducing machines that infer structures of explanation only from regularities observed in natural phenomena (assuming, as I doubt, that such a style of reasoning could ever achieve success in principle). Scientists are human beings, immersed in culture, and struggling with all the curious tools of inference that mind permits ... Culture can potentiate as well as constrain–as Darwin’s translation of Adam Smith’s laissez-faire economic models into biology as the theory of natural selection. In any case, objective minds do not exist outside culture, so we must make the best of our ineluctable embedding.
…...
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Some years ago John Kenneth Galbraith wrote in an essay on his efforts at writing a history of economics: “As one approaches the present, one is filled with a sense of hopelessness; in a year and possibly even a month, there is now more economic comment in the supposedly serious literature than survives from the whole of the thousand years commonly denominated as the Middle Ages … anyone who claims to be familiar with it all is a confessing liar.” I believe that all physicists would subscribe to the same sentiments regarding their own professional literature. I do at any rate.
In H. Henry Stroke, 'The Physical Review Then and Now', Physical Review: The First Hundred Years: a Selection of Seminal Papers and Commentaries, Vol. 1, 1.
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Sooner or later for good or ill, a united mankind, equipped with science and power, will probably turn its attention to the other planets, not only for economic exploitation, but also as possible homes for man... The goal for the solar system would seem to be that it should become an interplanetary community of very diverse worlds... each contributing to the common experience its characteristic view of the universe. Through the pooling of this wealth of experience, through this “commonwealth of worlds,” new levels of mental and spiritual development should become possible, levels at present quite inconceivable to man.
…...
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The economic anarchy of capitalist society as it exists today is, in my opinion, the real source of the evil. We see before us a huge community of producers the members of which are unceasingly striving to deprive each other of the fruits of their collective labor–not by force, but on the whole in faithful compliance with legally established rules.
…...
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The economic and technological triumphs of the past few years have not solved as many problems as we thought they would, and, in fact, have brought us new problems we did not foresee.
In 'Henry Ford on What’s Wrong With the U.S.', U.S. News & World Report (1966), 60, 24.
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The effort of the economist is to see, to picture the interplay of economic elements. The more clearly cut these elements appear in his vision, the better; the more elements he can grasp and hold in his mind at once, the better. The economic world is a misty region. The first explorers used unaided vision. Mathematics is the lantern by which what before was dimly visible now looms up in firm, bold outlines. The old phantasmagoria disappear. We see better. We also see further.
In Mathematical Investigations in the Theory of Value and Prices (1892), 119.
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The events of the past few years have led to a critical examination of the function of science in society. It used to be believed that the results of scientific investigation would lead to continuous progressive improvements in conditions of life; but first the War and then the economic crisis have shown that science can be used as easily for destructive and wasteful purposes, and voices have been raised demanding the cessation of scientific research as the only means of preserving a tolerable civilization. Scientists themselves, faced with these criticisms, have been forced to consider, effectively for the first time, how the work they are doing is connected around them. This book is an attempt to analyse this connection; to investigate how far scientists, individually and collectively, are responsible for this state of affairs, and to suggest what possible steps could be taken which would lead to a fruitful and not to a destructive utilization of science.
The Social Function of Science (1939), xlii.
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The great testimony of history shows how often in fact the development of science has emerged in response to technological and even economic needs, and how in the economy of social effort, science, even of the most abstract and recondite kind, pays for itself again and again in providing the basis for radically new technological developments. In fact, most people—when they think of science as a good thing, when they think of it as worthy of encouragement, when they are willing to see their governments spend substance upon it, when they greatly do honor to men who in science have attained some eminence—have in mind that the conditions of their life have been altered just by such technology, of which they may be reluctant to be deprived.
In 'Contemporary World', Bulletin of the Atomic Scientists (Feb 1948), 4, 67.
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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
In 'On the Theory of Correlation', Journal of the Royal Statistical Society (Dec 1897), 60, 812, as cited in Stephen M. Stigler, The History of Statistics: The Measurement of Uncertainty Before 1900 (1986), 348.
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The land! That is where our roots are. There is the basis of our physical life. The farther we get away from the land, the greater our insecurity. From the land comes everything that supports life, everything we use for the service of physical life. The land has not collapsed or shrunk in either extent or productivity. It is there waiting to honor all the labor we are willing to invest in it, and able to tide us across any dislocation of economic conditions.
Advice during the Great Depression, placed in an advertisement, 'Henry Ford on Self-Help', Literary Digest (29 Jun 1932), 113, No. 12, 29, and various other magazines.
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The Lincoln Highway is to be something more than a road. It will be a road with a personality, a distinctive work of which the Americans of future generations can point with pride - an economic but also artistic triumph. (1914)
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The links between ecosystem and human health are many and obvious: the value in wetlands of filtering pollutants out of groundwater aquifers; the potential future medical use of different plants’ genetic material; the human health effects of heavy metal accumulation in fish and shellfish. It is clear that healthy ecosystems provide the underpinnings for the long-term health of economics and societies.
…...
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The number of hypotheses and theories about climate change are numerous. Quite naturally they have caught the public attention, as any proof of past climactic change points to the possibility of future climate change, which inevitably will have significant implications for global economics.
'Klimaschwankungen seit 1700 nebst Bemerkungen fiber die Klimaschwankungen der Diluvialzeit' Pencks Geographische Abhandlingen (1890) 4,2. In Eduard Brückner, Nico Stehr (Ed.), Hans von Storch (Ed.) and Barbara Stehr, Eduard Brückner (2000), 11.
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The path towards sustainable energy sources will be long and sometimes difficult. But America cannot resist this transition, we must lead it. We cannot cede to other nations the technology that will power new jobs and new industries, we must claim its promise. That’s how we will maintain our economic vitality and our national treasure—our forests and waterways, our crop lands and snow-capped peaks. That is how we will preserve our planet, commanded to our care by God. That’s what will lend meaning to the creed our fathers once declared.
In Second Inaugural Address (21 Jan 2013) at the United States Capitol.
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The politician … is sometimes tempted to encroach on the normal territory of the scientific estate. Sometimes he interferes directly with the scientist’s pursuit of basic science; but he is more likely to interfere when the scientist proposes to publish findings that upset the established political or economic order, or when he joins with the engineering or medical profession in proposing to translate the findings of science into new policies. … Who decides when the apparent consensus of scientific opinion on the relation of cigarettes to lung cancer is great enough to justify governmental regulatory action, and of what kind? In such issues the problem is less often whether politics will presume to dictate to science than it is how much politics is to be influenced by the new findings of science.
In The Scientific Estate (1965), 201.
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The problems of analyzing war operations are … rather nearer, in general, to many problems, say of biology or of economics, than to most problems of physics, where usually a great deal of numerical data are ascertainable about relatively simple phenomena.
In report at the British Association Annual Meeting, Dundee (30 Aug 1947), published in 'Operational Research in War and Peace', The Advancement of Science (1948), 17, 320-332. Collected in P.M.S. Blackett, Studies of War: Nuclear and Conventional (1962), 177.
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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!”
'What is Truth' in Economics? (1956), 166.
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The sciences are taught in following order: morality, arithmetic, accounts, agriculture, geometry, longimetry, astronomy, geomancy, economics, the art of government, physic, logic, natural philosophy, abstract mathematics, divinity, and history.
From Ain-i-Akbery (c.1590). As translated from the original Persian, by Francis Gladwin in 'Akbar’s Conduct and Administrative Rules', 'Regulations For Teaching in the Public Schools', Ayeen Akbery: Or, The Institutes of the Emperor Akber (1783), Vol. 1, 290. Note: Akbar (Akber) was a great ruler; he was an enlightened statesman. He instituted a great system for general education.
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The study of economics does not seem to require any specialised gifts of an unusually high order. Is it not, intellectually regarded, a very easy subject compared with the higher branches of philosophy and pure science? Yet good, or even competent, economists are the rarest of birds. An easy subject, at which very few excel! The paradox finds its explanation, perhaps, in that the master-economist must possess a rare combination of gifts. He must reach a high standard in several different directions and must combine talents not often found together. He must be mathematician, historian, statesman, philosopher—in some degree. He must understand symbols and speak in words. He must contemplate the particular in terms of the general, and touch abstract and concrete in the same flight of thought. He must study the present in the light of the past for the purposes of the future. No part of man's nature or his institutions must lie entirely outside his regard. He must be purposeful and disinterested in a simultaneous mood; as aloof and incorruptible as an artist, yet sometimes as near the earth as a politician.
'Alfred Marshall: 1842-1924' (1924). In Geoffrey Keynes (ed.), Essays in Biography (1933), 170.
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The theoretical broadening which comes from having many humanities subjects on the campus is offset by the general dopiness of the people who study these things and by the Department of Home Economics.
Letter to Robert Bacher (6 Apr 1950), as quoted in James Gleick, Genius: The Life and Science of Richard Feynman (1992), 278.
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The time has come to link ecology to economic and human development. When you have seen one ant, one bird, one tree, you have not seen them all. What is happening to the rain forests of Madagascar and Brazil will affect us all.
Quoted in Jamie Murphy and Andrea Dorfman, 'The Quiet Apocalypse,' Time (13 Oct 1986).
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The tragedy of deforestation in Amazonia as well as elsewhere in the tropics is that its costs, in... economic, social, cultural, and aesthetic terms, far outweigh its benefits. In many cases, destruction of the region’s rainforests is motivated by short-term gains rather than the long-term productive capacity of the land. And, as a result, deforestation usually leaves behind landscapes that are economically as well as ecologically impoverished.
From Anthony Bennett Anderson (ed.), Alternatives to Deforestation: Steps Toward Sustainable Use of the Amazon Rain Forest (1990), xi. As cited in Lykke E. Andersen (ed.), The Dynamics of Deforestation and Economic Growth in the Brazilian Amazon (2002), 2.
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The very bulk of scientific publications is itself delusive. It is of very unequal value; a large proportion of it, possibly as much as three-quarters, does not deserve to be published at all, and is only published for economic considerations which have nothing to do with the real interests of science.
The Social Function of Science (1939), 118.
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The world has changed far more in the past 100 years than in any other century in history. The reason is not political or economic but technological—technologies that flowed directly from advances in basic science. Clearly, no scientist better represents those advances than Albert Einstein: TIME’s Person of the Century.
'A Brief History of Relativity'. Time (31 Dec 1999).
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The worst thing that will probably happen—in fact is already well underway—is not energy depletion, economic collapse, conventional war, or the expansion of totalitarian governments. As terrible as these catastrophes would be for us, they can be repaired in a few generations. The one process now going on that will take millions of years to correct is loss of genetic and species diversity by the destruction of natural habitats. This is the folly our descendants are least likely to forgive us.
Biophilia (1984), 121.(1990), 182.
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There are about 3,000,000 people seriously ill in the United States…. More than half of this illness is preventable. If we count the value of each life lost at only $1700 and reckon the average earning lost by illness at $700 a year for grown men, we find that the economic gain from mitigation of preventable disease in the United States would exceed $1,500,000,000 a year. … This gain … can be secured through medical investigation and practice, school and factory hygiene, restriction of labor by women and children, the education of the people in both public and private hygiene, and through improving the efficiency of our health service, municipal, state, and national.
From 'National Efficiency', Report of the National Conservation Commission (Feb 1909), Vol. 1, 25. Collected in United States Congressional Serial Set (1909), Issue 5397, 60th Congress, 2nd Session, Senate, Document 676. In transmitting the report to Congress on 22 Jan 1909, President Theodore Roosevelt introduced this report as the “first inventory of natural resources,” which “presents a statement of our available capital in material resources, which are the means of progress.” [It is noteworthy that the above quoted commentary on “National Efficiency” was included with the inventory of mineral, lands, forest and lands of the United States. —Webmaster]
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To overturn orthodoxy is no easier in science than in philosophy, religion, economics, or any of the other disciplines through which we try to comprehend the world and the society in which we live.
…...
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Today we are on the eve of launching a new industry, based on imagination, on scientific research and accomplishment. … Now we add radio sight to sound. It is with a feeling of humbleness that I come to this moment of announcing the birth in this country of a new art so important in its implications that it is bound to affect all society. It is an art which shines like a torch of hope in the troubled world. It is a creative force which we must learn to utilize for the benefit of all mankind. This miracle of engineering skill which one day will bring the world to the home also brings a new American industry to serve man’s material welfare … [Television] will become an important factor in American economic life.
Address at dedication of RCA Exhibit Building, New York World Fair before unveiling the RCA television exhibit (20 Apr 1939). In RCA Review: A Technical Journal (1938), Vols 3-4, 4. As quoted in Marcy Carsey and Tom Werner, 'Father of Broadcasting: David Sarnoff (Time 100)', Time (7 Dec 1998), 152, No. 23, 88; and in Eugene Lyons, David Sarnoff: A Biography (1966), 216.
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We must be part not only of the human community, but of the whole community; we must acknowledge some sort of oneness not only with our neighbors, our countrymen and our civilization but also some respect for the natural as well as for the man-made community. Ours is not only “one world” in the sense usually implied by that term. It is also “one earth”. Without some acknowledgement of that fact, men can no more live successfully than they can if they refuse to admit the political and economic interdependency of the various sections of the civilized world. It is not a sentimental but a grimly literal fact that unless we share this terrestrial globe with creatures other than ourselves, we shall not be able to live on it for long.
The Voice of the Desert (1956), 194-5.
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We must reject the false choice between combating climate change and fostering strong economic growth. If any country can prove that, it’s the United States.
In Hillary Clinton, 'Hillary Clinton: America Must Lead at Paris Climate Talks', Time (29 Nov 2015).
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We prefer economic growth to clean air.
Quoted in H. Mark Roelofs and Gerald L. Houseman, The American Political System: Ideology and Myth (1983), 539.
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When a community or species has no known worth or other economic value to humanity, it is as dishonest and unwise to trump up weak resource values for it as it is unnecessary to abandon the effort to conserve it.
The Arrogance of Humanism
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While religion prescribes brotherly love in the relations among the individuals and groups, the actual spectacle more resembles a battlefield than an orchestra. Everywhere, in economic as well as in political life, the guiding principle is one of ruthless striving for success at the expense of one’s fellow men. This competitive spirit prevails even in school and, destroying all feelings of human fraternity and cooperation, conceives of achievement not as derived from the love for productive and thoughtful work, but as springing from personal ambition and fear of rejection.
…...
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Why do they prefer to tell stories about the possible medicinal benefits of the Houston toad rather than to offer moral reasons for supporting the Endangered Species Act? That law is plainly ideological; it is hardly to be excused on economic grounds.
…...
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Without an acquaintance with chemistry, the statesman must remain a stranger to the true vital interests of the state, to the means of its organic development and improvement; ... The highest economic or material interests of a country, the increased and more profitable production of food for man and animals, ... are most closely linked with the advancement and diffusion of the natural sciences, especially of chemistry.
Familiar Letters on Chemistry (1851), 3rd edn., 19.
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Carl Sagan Thumbnail In science it often happens that scientists say, 'You know that's a really good argument; my position is mistaken,' and then they would actually change their minds and you never hear that old view from them again. They really do it. It doesn't happen as often as it should, because scientists are human and change is sometimes painful. But it happens every day. I cannot recall the last time something like that happened in politics or religion. (1987) -- Carl Sagan
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Sophie Germain
Gertrude Elion
Ernest Rutherford
James Chadwick
Marcel Proust
William Harvey
Johann Goethe
John Keynes
Carl Gauss
Paul Feyerabend
- 90 -
Antoine Lavoisier
Lise Meitner
Charles Babbage
Ibn Khaldun
Euclid
Ralph Emerson
Robert Bunsen
Frederick Banting
Andre Ampere
Winston Churchill
- 80 -
John Locke
Bronislaw Malinowski
Bible
Thomas Huxley
Alessandro Volta
Erwin Schrodinger
Wilhelm Roentgen
Louis Pasteur
Bertrand Russell
Jean Lamarck
- 70 -
Samuel Morse
John Wheeler
Nicolaus Copernicus
Robert Fulton
Pierre Laplace
Humphry Davy
Thomas Edison
Lord Kelvin
Theodore Roosevelt
Carolus Linnaeus
- 60 -
Francis Galton
Linus Pauling
Immanuel Kant
Martin Fischer
Robert Boyle
Karl Popper
Paul Dirac
Avicenna
James Watson
William Shakespeare
- 50 -
Stephen Hawking
Niels Bohr
Nikola Tesla
Rachel Carson
Max Planck
Henry Adams
Richard Dawkins
Werner Heisenberg
Alfred Wegener
John Dalton
- 40 -
Pierre Fermat
Edward Wilson
Johannes Kepler
Gustave Eiffel
Giordano Bruno
JJ Thomson
Thomas Kuhn
Leonardo DaVinci
Archimedes
David Hume
- 30 -
Andreas Vesalius
Rudolf Virchow
Richard Feynman
James Hutton
Alexander Fleming
Emile Durkheim
Benjamin Franklin
Robert Oppenheimer
Robert Hooke
Charles Kettering
- 20 -
Carl Sagan
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Rene Descartes
Francis Crick
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Francis Bacon
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- 10 -
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