A Quote by Robert Heilbroner

Before economics can progress, it must abandon its suicidal formalism. — © Robert Heilbroner
Before economics can progress, it must abandon its suicidal formalism.
Logical investigations can obviously be a useful tool for philosophy. They must, however, be informed by a sensitivity to the philosophical significance of the formalism and by a generous admixture of common sense, as well as a thorough understanding both of the basic concepts and of the technical details of the formal material used. It should not be supposed that the formalism can grind out philosophical results in a manner beyond the capacity of ordinary philosophical reasoning. There is no mathematical substitute for philosophy.
The environmental crisis is a sign that the ecosphere is now so heavily strained that its continued stability is threatened. It is a warning that we must discover the source of this suicidal drive and master it before it destroys the environment-and ourselves.
There must be progress, certainly. But we must ask ourselves what kind of progress we want, and what price we want to pay for it. If, in the name of progress, we want to destroy everything beautiful in our world, and contaminate the air we breathe, and the water we drink, then we are in trouble.
Ultimately, we must either abandon our reliance on stop and search or abandon any hope for a criminal justice system grounded in equality, impartiality and fairness.
We must learn to acknowledge that the creation is full of mystery; we will never entirely understand it. We must abandon arrogance and stand in awe. We must recover the sense of the majesty of creation, and the ability to be worshipful in its presence. For I do not doubt that it is only on the condition of humility and reverence before the world that our species will be able to remain in it.
I believe it safe to say that all progress must lead, not to further progress, but finally to the negation of progress, a return to the point of departure.
The swing of art is circular, from form to formalism, from formalism to formlessness, from formlessness to form again.
Beautiful girls. They only want to do you dirt. They'll have you suicidal, suicidal when they say it's over.
Do not lose heart, even if you must wait a bit before finding the right thing. Be prepared for disappointment also, but do not abandon the quest.
Marx, however imperfectly he worked out the details, set himself the task of discovering the law of motion of capitalism, and if there is any hope of progress in economics at all, it must be in using academic methods to solve the problems posed by Marx.
What the public does is not to express its opinions but to align itself for or against a proposal. If that theory is accepted, we must abandon the notion that democratic government can be the direct expression of the will of the people. We must abandon the notion that the people govern. Instead, we must adopt the theory that, by their occasional mobilizations as a majority, people support or oppose the individuals who actually govern. We must say that the popular will does not direct continuously but that it intervenes occasionally.
I suppose in our culture - in our lifetime - we've always enjoyed people who tell it straight. We like our presidents, our comedians, and our actors to do that . . . It's funny. You say that people prefer a tasteful formalism - as opposed to an oppressive formalism - but I do feel very strongly that form follows function.
The study of economics has been again and again led astray by the vain idea that economics must proceed according to the pattern of other sciences.
Maybe Himalayan climbing is just a bad habit, like smoking, of which one says with cavalier abandon, must give this up some day, before it kills me.
If economics wants to understand the new economy, it not only has to understand increasing returns and the dynamics of instability. It also has to look at cognition itself, something we have never done before in economics.
You must all, somewhere deep in your hearts, believe that you have a special beauty that is like no other and that is so valuable that you must not abandon it. Indeed, you must learn to cherish it.
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