„Econometrics may be defined as the quantitative analysis of actual economic phenomena based on the concurrent development of theory and observation, related by appropriate methods of inference.“

—  Richard Stone, Paul Samuelson, Tjalling Koopmans, and Richard Stone. "Report of the evaluative committee for Econometrica." Econometrica- journal of the Econometric Society. (1954): 141-146.
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Richard Stone
1913 - 1991
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Tjalling Koopmans photo

„Econometrics may be defined as the quantitative analysis of actual economic phenomena based on the concurrent development of theory and observation, related by appropriate methods of inference.“

—  Tjalling Koopmans Dutch American economist 1910 - 1985
Paul Samuelson, Tjalling Koopmans, and Richard Stone. "Report of the evaluative committee for Econometrica." Econometrica- journal of the Econometric Society. (1954): 141-146.

Paul A. Samuelson photo

„Econometrics may be defined as the quantitative analysis of actual economic phenomena based on the concurrent development of theory and observation, related by appropriate methods of inference.“

—  Paul A. Samuelson American economist 1915 - 2009
Paul Samuelson, Tjalling Koopmans, and Richard Stone. "Report of the evaluative committee for Econometrica." Econometrica- journal of the Econometric Society. (1954): 141-146.

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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"

„The complete analysis of the methods of scientific inference shows that the theory of inference in science demands the use of ethical judgments“

—  C. West Churchman American philosopher and systems scientist 1913 - 2004
p. 256; cited in Douglas, H.E. (2009) Science, Policy, and the Value-Free Ideal

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„We regard as "scientific" a method based on deep analysis of facts, theories, and views, presupposing unprejudiced, unfearing open discussion and conclusions.“

—  Andrei Sakharov Soviet nuclear physicist and human rights activist 1921 - 1989
Context: We regard as "scientific" a method based on deep analysis of facts, theories, and views, presupposing unprejudiced, unfearing open discussion and conclusions. The complexity and diversity of all the phenomena of modern life, the great possibilities and dangers linked with the scientific-technical revolution and with a number of social tendencies demand precisely such an approach, as has been acknowledged in a number of official statements.

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