Intermediate between mathematics, statistics, and economics, we find a new discipline which, for lack of a better name, may be called econometrics. Econometrics has as its aim to subject abstract laws of theoretical political economy or "pure" economics to experimental and numerical verification, and thus to turn pure economics, as far as possible, into a science in the strict sense of the word.
Ragnar FrischRelated topics
abstract aim economics experimental far find intermediate lack mathematics name numerical possible pure science sense statistics thus turn word verification Laws econometricsRelated quotes
Pragmatism, in trying to turn experimental physics into a prototype of all science and to model all spheres of intellectual life after the techniques of the laboratory, is the counterpart of modern industrialism, for which the factory is the prototype of human existence, and which models all branches of culture after production on the conveyor belt.
Max Horkheimer
Although the formulations of science now offer the most advanced knowledge of nature, men continue to use obsolete forms of thought long discarded by scientific theory. In so far as these obsolete forms are superfluous for science, the fact that they persist violated the principle of the economy of thought, that characteristic trait of the bourgeois temper.
Max Horkheimer
However great a man's fear of life, suicide remains the courageous act, the clear-headed act of a mathematician. The suicide has judged by the laws of chance -- so many odds against one that to live will be more miserable than to die. His sense of mathematics is greater than his sense of survival. But think how a sense of survival must clamor to be heard at the last moment, what excuses it must present of a totally unscientific nature.
Graham Greene
I conceived, developed and applied in many areas a new geometry of nature, which finds order in chaotic shapes and processes. It grew without a name until 1975, when I coined a new word to denote it, fractal geometry, from the Latin word for irregular and broken up, fractus. Today you might say that, until fractal geometry became organized, my life had followed a fractal orbit.
Benoît Mandelbrot
The institution of marriage in all societies is a pattern within which the strains put by civilization on males and females alike must be resolved, a pattern within which men must learn, in return for a variety of elaborate rewards, new forms in which sexual spontaneity is still possible, and women must learn to discipline their receptivity to a thousand other considerations.
Margaret Mead