„The third dimension of three-dimensional economics, change, suggests that studying economics also means studying history. The process of change in society cannot be understood without considering the past and how it changed, eventually becoming the present. Change in political economy may be contrasted with the static approach of conventional economics that freezes time at a moment.“

—  Samuel Bowles, p. 57

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Robert S. McNamara photo

„Management is the gate through which social and economic and political change, indeed change in every direction, is diffused through society.“

—  Robert S. McNamara American businessman and Secretary of Defense 1916 - 2009
Robert McNamara (1967); quoted in: Bruce Rich (1994) Mortgaging the Earth: The World Bank, Environmental Impoverishment and the Crisis of Development, p. 83

Gary L. Francione photo
Ha-Joon Chang photo

„Culture changes with economic development.“

—  Ha-Joon Chang Economist 1963
Ch. 9: 'Lazy Japanese and thieving Germans; Are some cultures incapable of economic development?', Lazy Japanese and thieving Germans, p. 196

Margaret Thatcher photo

„Economics are the method; the object is to change the heart and soul.“

—  Margaret Thatcher British stateswoman and politician 1925 - 2013
Interview for The Sunday Times (1 May 1981) http://www.margaretthatcher.org/speeches/displaydocument.asp?docid=104475

Ragnar Frisch photo

„Two important features in the modern development of economics are the application of mathematics to abstract economic reasoning... and the attempt at placing economics on a numerical and experimental basis by an intensive study of economic statistics.
Both these developments have a common characteristic: they emphasize the quantitative character of economics. This quantitative movement in our estimation is one of the most promising developments in modern economics. We also consider it important that the two aspects of the quantitative method referred to should be furthered, developed, and studied jointly as two integrating parts of economics.
We therefore venture to propose the establishment of an international periodical devoted to the advancement of the quantitative study of economic phenomena, and especially to the development of a closer relation between pure economics and economic statistics.
We believe that the scope of the new journal would be happily suggested if it is called "Oekonometrika". Accordingly, the quantitative study of economic phenomena here considered may be termed econometrics.“

—  Ragnar Frisch Norwegian economist 1895 - 1973
Frisch (1927) as quoted in Divisia 1953, pp.24-25; Cited in: Bjerkholt, Olav. " Ragnar Frisch and the foundation of the Econometric Society and Econometrica http://www.ssb.no/a/histstat/doc/doc_199509.pdf." ECONOMETRIC SOCIETY MONOGRAPHS 31 (1998): 26-57. Lead paragraph of a memorandum on the importance of establishing the journal "Oekonometrika"

Paul Mason (journalist) photo
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„We cannot change the history of the past.“

—  Jimmy Carter American politician, 39th president of the United States (in office from 1977 to 1981) 1924

John Kenneth Galbraith photo
Stephen Hawking photo

„The world has changed far more in the past 100 years than in any other century in history. The reason is not political or economic but technological — technologies that flowed directly from advances in basic science.“

—  Stephen Hawking British theoretical physicist, cosmologist, and author 1942
From Hawking's article A Brief History of Relativity http://www.time.com/time/magazine/article/0,9171,993018-6,00.html, in Time magazine (31 December 1999)

Edward Said photo

„In traditional economic writings dealing with the economy as a whole, it is usually assumed that prices are highly flexible and that economic adjustment is brought about through price changes. We are going to examine inflexible prices.“

—  Gardiner C. Means American economist 1896 - 1988
Gardiner C. Means, "Price inflexibility and the requirements of a stabilizing monetary policy." Journal of the American Statistical Association 30.190 (1935): 401-413.