[This book] is intended as a text from which the student can learn and the teacher can teach the methods and results of economic analysis. It also seeks to be a contribution to the development and systematization of the body of economic analysis itself. These purposes are not separate. The task of presenting a systematic, orderly, and accurate account of economic analysis is identical with the task of preparing the material for teaching. It must be emphasized, however, that the purpose of this work is not primarily to entertain the student, or to enable him to regurgitate appropriate material into examination books, or to learn a few pat phrases, or to indoctrinate him with an abstract discipline which he will never use. Economics is like photography in this respect, that under-exposure is less desirable than no exposure at all.
Kenneth BouldingRelated topics
abstract account body book development economics exposure few learn less orderly photography purpose respect task teaching teach teacher text use workRelated quotes
Social equality does not necessarily follow from civil equality, and yet for the purpose of a hell black and damning prejudice, our papers still insist that the Civil Rights Bill is a Bill to establish social equality. If it is a Bill for social equality, so is the Declaration of Independence, which declares that all men have equal rights; so is the Sermon on the Mount, so is the Golden Rule, that commands us to do to others as we would that others should do to us; so is the Apostolic teaching, that of one blood God has made all nations to dwell on all the face of the earth; so is the Constitution of the United States, and so are the laws and customs of every civilized country in the world; for nowhere, outside of the United States is any man denied civil rights on account of his color.
Frederick Douglass
Keynes didn't make an all-out assault on Economic Man, but he often resorted to plausible psychological theorizing rather than careful analysis of what a rational decision-maker would do. Business decisions were driven by "animal spirits,” consumer decisions by a psychological tendency to spend some but not all of any increase in income, wage settlements by a sense of fairness, and so on.
But was it really a good idea to diminish the role of Economic Man that much? No, said Friedman, who argued in his 1953 essay "The Methodology of Positive Economics” that economic theories should be judged not by their psychological realism but by their ability to predict behavior. And Friedman's two greatest triumphs as an economic theorist came from applying the hypothesis of rational behavior to questions other economists had thought beyond its reach.
Paul Krugman
It is not true, out of geometry, that the mathematical sciences are, in all their parts those models of finished accuracy which many suppose. The extreme boundaries of analysis have always been as imperfectly understood as the tract beyond the boundaries was absolutely unknown. But the way to enlarge the settled country has not been by keeping within it, but by making voyages of discovery, and I am perfectly convinced that the student should be exercised in this manner; that is, that he should be taught how to examine the boundary, as well as how to cultivate the interior. ...allowing all students whose capacity will let them read on the higher branches of applied mathematics, to have each his chance of being led to the cultivation of those parts of analysis on which rather depends its future progress than its present use in the sciences of matter.
Augustus De Morgan
You are faced with the problem of what to do in respect to this question, to that question, and to the other question, but perfectly obviously, after you have faced the more superficial aspects of the separate questions, you want to know in relation to a complete plan what you are actually giving and what you are actually getting. Therefore, when the departmental, or compartmental, exploration has gone on to a certain extent it cannot be finished until somebody, co-ordinating all your problems, sets out in one statement and declaration the complete scheme that this Conference can pass in order to give security, to give disarmament, to give hope to the future–until that scheme has been placed before you, you cannot complete your examination of compartmental problems and questions...
Ramsay MacDonald
The time has not yet come for dealing with the world illusion on a large scale, for the race is not adequately mental nor has the illusion (which is, as I have stated, pre-eminently the result of the misinterpretation of ideas) reached its height. But the hour has struck for the first steps to be taken in the dissipation of glamour, and the hold of glamour upon the race should be appreciably lessened in the future. Hence the practical training now being given in this group in their own lives; hence also the intended teaching later to be given to the group-if they measure up to the opportunity-which will enable them to aid in the concerted and planned attack upon the world glamour. Wrestle therefore with your personal problems along these lines, my brothers, for in this way you will gain facility in discernment, in clear precise action, and in strengthened understanding.
Alice Bailey