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

Economic Quotes (26 quotes)

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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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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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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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 tow
Small is Beautiful (1973).
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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 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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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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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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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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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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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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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 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 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 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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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 bene-fits of the Houston toad rather than to offer moral reasons for sup-porting the Endangered Species Act? That law is plainly ideological; it is hardly to be excused on economic grounds.
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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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- 100 -
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
James Maxwell
Marie Curie
Rene Descartes
Francis Crick
Hippocrates
Michael Faraday
Srinivasa Ramanujan
Francis Bacon
Galileo Galilei
- 10 -
Aristotle
John Watson
Rosalind Franklin
Michio Kaku
Isaac Asimov
Charles Darwin
Sigmund Freud
Albert Einstein
Florence Nightingale
Isaac Newton



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