A Quote by Henry Hazlitt

Economics is haunted by more fallacies than any other study known to man. This is no accident. The inherent difficulties of the subject would be great enough in any case, but they are multiplied a thousandfold by a factor that is insignificant in, say, physics, mathematics or medicine - the special pleading of selfish interests.

Henry Hazlitt

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Quote Author

Henry Hazlitt
American - Philosopher
November 28, 1894 - July 9, 1993

Economics is haunted by more fallacies than any other study known to man

Henry Hazlitt

I study myself more than any other subject. That is my metaphysics, that is my physics.

Michel de Montaigne

By the year 2070 we cannot say, or it would be imbecile to do so, that any man alive could understand Shakespearean experience better than Shakespeare, whereas any decent eighteen-year-old student of physics will know more physics than Newton.

C.P. Snow

Statistics is, or should be, about scientific investigation and how to do it better, but many statisticians believe it is a branch of mathematics. Now I agree that the physicist, the chemist, the engineer, and the statistician can never know too much mathematics, but their objectives should be better physics, better chemistry, better engineering, and in the case of statistics, better scientific investigation. Whether in any given study this implies more or less mathematics is incidental.

George E. P. Box

The more you think about and interact with other people, the more you realize that it is untenable to privilege your interests over theirs, at least not if you want them to listen to you. You can’t say that my interests are special compared to yours any more than you can say that the particular spot that I am standing on is a unique part of the universe because I happen to be standing on it that very minute.

Steven Pinker

There is no one way to salvation, whatever the manner in which a man may proceed. All forms and variations are governed by the eternal intelligence of the Universe that enables a man to approach perfection. It may be in the arts of music and painting or it may be in commerce, law, or medicine. It may be in the study of war or the study of peace. Each is as important as any other. Spiritual enlightenment through religious meditation such as Zen or in any other way is as viable and functional as any "Way."... A person should study as they see fit.

Miyamoto Musashi

Every three or four years I pick a new subject. It may be Japanese art; it may be economics. Three years of study are by no means enough to master a subject but they are enough to understand it. SO for more than 60 years I have kept studying one subject at a time.

Peter Drucker

...the source of all great mathematics is the special case, the concrete example. It is frequent in mathematics that every instance of a concept of seemingly generality is, in essence, the same as a small and concrete special case.

Paul Halmos

I study myself more than any other subject; it is my metaphysic, and my physic.

William Drummond

When fate has allowed to any man more than one great gift, accident or necessity seems usually to contrive that one shall encumber and impede the other.

Algernon Charles Swinburne

I wonder if economics has less basic core material than is necessary for fields such as mathematics, physics, or chemistry, say.

Clive Granger

Mathematics never reveals man to the degree, never expresses him in the way, that any other field of human endeavour does: the extent of the negation of man's corporeal self that mathematics achieves cannot be compared with anything. Whoever is interested in this subject I refer to my articles. Here I will say only that the world injected its patterns into human language at the very inception of that language; mathematics sleeps in every utterance, and can only be discovered, never invented.

Stanislaw Lem

Q.Do you have any positive message, in your opinion? A.Indeed I do think that I do. Q.Such as what? A.The crying, almost screaming, need of a great worldwide human effort to know ourselves and each other a great deal better, well enough to concede that no man has a monopoly on right or virtue any more than any man has a corner on duplicity and evil and so forth. If people, and races and nations, would start with that self-manifest truth, then I think that the world could sidestep the sort of corruption which I have involuntarily chosen as the basic, allegorical theme of my plays as a whole.

Tennessee Williams

I had literary interests my whole life. I decided at the age of five I was going to be a writer. So I had done a great deal of reading. I suppose I was more at home in Greenwich Village than, say, any of classmates from Warsaw High School. But in any case, it was an overwhelming experience for me. It took me some time to begin to assimilate it.

Tom Robbins

I do sense, as compared with let's say the early '50s, there's somewhat more of a careerism. I don't think it's anything special to economics; it's equally true with physics or biology. A graduate education has become a more career-oriented thing, and part of that is because of the need for funding. In fact, that's a much worse problem in the natural sciences than it is in economics. So you can't even do your work in the natural sciences, particularly, and even to some extent in economics, without funding.