Economics has never been a science - and it is even less now than a few years ago.
Interpretation
The quote suggests that economics lacks the empirical rigor of a true science and has deteriorated over time.
Paul Samuelson's quote reflects a critical perspective on the field of economics, emphasizing that it does not adhere to the scientific method as strictly as other disciplines. By stating that economics has become less of a science over the years, he implies a growing detachment from objective analysis and that the discipline may be influenced by subjective interests and ideologies.
In practice
In a debate about economic policy, this quote can be used to argue the inadequacies of current economic theories.
To a person of analytical ability, perceptive enough to realise that mathematical equipment was a powerful sword in economics, the world of economics was his or her oyster in 1935. The terrain was strewn with beautiful theorems begging to be picked up and arranged in unified order.
I can't think of a president who has been overburdened by a knowledge of economics.
My belief is that nothing that can be expressed by mathematics cannot be expressed by careful use of literary words.
Politicians like to tell people what they want to hear - and what they want to hear is what won't happen.
My family was well off but not rich. I spent the four years I was an undergraduate working on the beach. And it wasn't because I was lazy; it was because my freshman class would go to a hundred different employers and wouldn't get a nibble. That was a disequilibrium system. I realized that the ordinary old-fashioned Euclidean geometry didn't apply.
There's nothing in Keynesian economics that would allow you to solve stagflation. But there's nothing in neoclassical economics that would allow you to solve stagflation, either.
...the proposed air force and army experiments were designed so that many animals would suffer and die without any certainty that this suffering and death would save a single human life or benefit humans in any way at all; but the same can be said of millions of their experiments performed each year in the United States alone.
I just felt that space was the next thing coming in aviation. It was higher, faster. It had the risk.
Science predicts that many different kinds of universe will be spontaneously created out of nothing. It is a matter of chance which we are in.
It is astonishing that human brains, which evolved to cope with the everyday world, have been able to grasp the counterintuitive mysteries of the cosmos and the quantum.
The best simulator for spacewalking is underwater - it allows full visuals and body movement in 3D. Virtual reality is good, too, and has some advantages, like full Station simulation, not just part. Like all simulators, they have parts that are wrong and misleading: an important thing to remember when preparing for reality.
Geometry existed before the creation. It is co-eternal with the mind of God...Geometry provided God with a model for the Creation.
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