A Quote by Paul Samuelson

Macroeconomics, even with all of our computers and with all of our information - is not an exact science and is incapable of being an exact science. — © Paul Samuelson
Macroeconomics, even with all of our computers and with all of our information - is not an exact science and is incapable of being an exact science.
Many persons entertain a prejudice against mathematical language, arising out of a confusion between the ideas of a mathematical science and an exact science. ...in reality, there is no such thing as an exact science.
I proved to you that psychiatry is an exact science!" "An exact science?!" "Yes, you owe me exactly one hundred and forty-three dollars!
If there ever was a misnomer, it is "exact science." Science has always been full of mistakes. The present day is no exception. And our mistakes are good mistakes; they require a genius to correct. Of course, we do not see our own mistakes.
Economics is not an exact science. It's a combination of an art and elements of science. And that's almost the first and last lesson to be learned about economics: that in my judgment, we are not converging toward exactitude, but we're improving our data bases and our ways of reasoning about them.
It is a common observation that a science first begins to be exact when it is quantitatively treated. What are called the exact sciences are no others than the mathematical ones.
If you ask ... the man in the street ... the human significance of mathematics, the answer of the world will be, that mathematics has given mankind a metrical and computatory art essential to the effective conduct of daily life, that mathematics admits of countless applications in engineering and the natural sciences, and finally that mathematics is a most excellent instrumentality for giving mental discipline... [A mathematician will add] that mathematics is the exact science, the science of exact thought or of rigorous thinking.
Although this may seem a paradox, all exact science is dominated by the idea of approximation. When a man tells you that he knows the exact truth about anything, you are safe in inferring that he is an inexact man. Every careful measurement in science is always given with the probable error ... every observer admits that he is likely wrong, and knows about how much wrong he is likely to be.
The only science that gives purpose to every other science is the science of religion - the science of our happy relationship with, and our providential dependence on God and our neighbor.
I come back to the science that is in it to reduce our dependence on foreign oil and climate change. It's about science, science, science and science, innovation, as we rebuild America, create jobs, invest in our people and turn this economy around.
What if criticism is a science as well as an art? Not a pure or exact science, of course, but these phrases belong to a nineteenth-century cosmology which is no longer with us.
Money and prices and markets don't give us exact information about how much our suburbs, freeways, and spandex cost. Instead, everything else is giving us accurate information: our beleaguered air and watersheds, our overworked soils, our decimated inner cities. All of these provide information our prices should be giving us but do not.
The science of genetics is in a transition period, becoming an exact science just as the chemistry in the times of Lavoisier, who made the balance an indispensable implement in chemical research.
[Dr. Constain James] refuted so well the aberrations of Darwinism.... [A system] which is repugnant at once to history, to the tradition of all people, to exact science, to observed facts, and even to reason itself, would seem to need no refutation. But the corruption of this age, the machinations of the perverse, the danger of the simple, demand that such fancies, altogether absurd though they are, should - since they borrow the mask of science - be refuted by true science.
In my younger days, when I was painted by the half-educated, loose and inaccurate ways women had, I used to say, "How much women need exact science" But since I have known some workers in science, I have now said, "How much science needs women"
I was in the middle of filming Season 3 of 'Grace and Frankie.' Then the writing process for 'Mystery Science Theater 3000' was happening at the exact same time. And then the pre-production for 'Fatherless' was happening at the exact same time as well.
In my view, The Temple of Man is the most important work of scholarship of this century. R. A. Schwaller de Lubicz finally proves the existence of the legendary 'sacred science' of the Ancients and systematically demonstrates its modus operandi. It was this great science-based upon an intimate and exact knowledge of cosmic principles-that fused art, religion, science, and philosophy into one coherent whole and sustained Ancient Egypt for three thousand years.
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