A Quote by George Soros
Economics seeks to be a science. Science is supposed to be objective and it is difficult to be scientific when the subject matter, the participant in the economic process, lacks objectivity.
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It should be totally fine to question the objectivity of scientists and the power structures in scientific institutions. The physical laws of the universe are objective, but human beings in any context are not. That includes with regard to science. To some extent, the supposed objectivity of science has given a lot of extra cover to very subjective and eccentric approaches to exploring aspects of ourselves and the universe around us.
Economics is uncertain because its fundamental subject matter is not money but human action. That's why economics is not the dismal science, it's no science at all.
In all modern history, interference with science in the supposed interest of religion, no matter how conscientious such interference may have been, has resulted in the direst evils both to religion and to science, and invariably; and, on the other hand, all untrammelled scientific investigation, no matter how dangerous to religion some of its stages may have seemed for the time to be, has invariably resulted in the highest good both of religion and of science.
When people think science and cooking, they have no idea that it's not correctly expressed. We're actually applying the scientific method. People think chemistry and physics are science, but the scientific method is something else.... It's the science that the world of cooking generates: science of butter; science of the croissant.
It is clear that Economics, if it is to be a science at all, must be a mathematical science ... simply because it deals with quantities... As the complete theory of almost every other science involves the use of calculus, so we cannot have a true theory of Economics without its aid.
I do agree that the science is not settled on this. The idea we would put Americans' economy in jeopardy based on scientific theory that is not settled yet to me is nonsense. Just because you have a group of scientists who stood up and said this is the fact... Galileo got outvoted for a spell. To put Americans' economic future in jeopardy, asking us to cut back in areas that would have monstrous economic impact on this country is not good economics and I would suggest is not necessarily good science.
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.
I'm fond of science fiction. But not all science fiction. I like science fiction where there's a scientific lesson, for example - when the science fiction book changes one thing but leaves the rest of science intact and explores the consequences of that. That's actually very valuable.
Positive economics is in principle independent of any particular ethical position or normative judgment...In short, positive economics is or can be an "objective" science.
Science has only two things to contribute to religion: an analysis of the evolutionary, cultural, and psychological basis for believing things that aren't true, and a scientific disproof of some of faith's claims (e.g., Adam and Eve, the Great Flood). Religion has nothing to contribute to science, and science is best off staying as far away from faith as possible. The "constructive dialogue" between science and faith is, in reality, a destructive monologue, with science making all the good points, tearing down religion in the process.
The modern man, finding that Humanism and Sex both fail to satisfy, seeks his happiness in Science ... But Science fails too, for it is something more than a knowledge of matter the soul craves.
I really believe in science. It is a faith. It is a reverence akin to religion. But as we always say, it's different from religion in that, as near as we can tell, it exists outside of us. It has an objective quality, the process of science.
Science is based on reproducibility and manufactured objectivity. As strong as that makes its ability to generate claims about matter and energy, it also makes scientific knowledge inapplicable to the existential, visceral nature of human life, which is unique and subjective and unpredictable.
Thus science strips off, one after the other, the more or less gross materialisations by which we endeavour to form an objective image of the soul, till men of science, speculating, in their non-scientific intervals, like other men on what science may possibly lead to, have prophesied that we shall soon have to confess that the soul is nothing else than a function of certain complex material systems.
The thing I loved, particularly, was the mystery of science and the idea that science doesn't know all the answers, but it is a process of finding out. It's not like science will give you the right answer and science knows everything. I love the mysteries of it.
In view of the importance of philanthropy in our society, it is surprising that so little attention has been given to it by economic or social theorists. In economic theory, especially, the subject is almost completely ignored. This is not, I think, because economists regard mankind as basically selfish or even because economic man is supposed to act only in his self-interest; it is rather because economics has essentially grown up around the phenomenon of exchange and its theoretical structure rests heavily on this process.
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