„There is a pressing need to integrate the study of international economics with the study of international politics to deepen our comprehension of the forces at work in the world.“

Introduction, p. 3
The Political Economy of International Relations (1987)

Última atualização 22 de Maio de 2020. História
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Robert Gilpin41
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„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."“

—  Ragnar Frisch Norwegian economist 1895 - 1973

Accordingly, the quantitative study of economic phenomena here considered may be termed econometrics.
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"

„Finding an alternative to supplement military ways of resolving international conflicts has been taken up by many people skilled in various areas such as political science, economics, social studies, modelling and simulation, intelligence and expert systems, military strategy and weaponry as well as private business and industry.“

—  Harold Chestnut American engineer 1917 - 2001

Harold Chestnut, Peter Kopacek, Tibor Vámos (1989) International conflict resolution using system engineering: proceedings of the IFAC workshop, Budapest, Hungary, 5-8 June 1989. International Federation of Automatic Control.

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„In the anarchic world of international politics, it is better to be Godzilla than Bambi.“

—  John Mearsheimer American political scientist 1947

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„Economic theory is the most prestigious subject of instruction and study. Agricultural economics, labor economics and marketing are lower caste fields of study.“

—  John Kenneth Galbraith, livro The New Industrial State

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—  Shankar Dayal Sharma Indian politician 1918 - 1999

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„Economic theory is devoted to the study of equilibrium positions.“

—  George Soros Hungarian-American business magnate, investor, and philanthropist 1930

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Contexto: Economic theory is devoted to the study of equilibrium positions. The concept of equilibrium is very useful. It allows us to focus on the final outcome rather than the process that leads up to it. But the concept is also very deceptive. It has the aura of something empirical: since the adjustment process is supposed to lead to an equilibrium, an equilibrium position seems somehow implicit in our observations. That is not true. Equilibrium itself has rarely been observed in real life — market prices have a notorious habit of fluctuating.

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