It is not pretended that, at the present stage of its development, economic science is able to provide an organon even remotely approaching to what it imagines for itself as its ideal.
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Part I : Welfare and the National Dividend, Ch. 1 : Welfare and Economic Welfare, § 4Arthur Cecil Pigou
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Philosophy, as I understand the word, is a positive theoretical science, and a science in an early stage of development. As such it has no more to do with belief than any other science. Indeed, I am bound to confess that it is at present in so unsettled a condition, that if the ordinary theorems of molecular physics and of archaeology are but the ghosts of beliefs, then to my mind, the doctrines of the philosophers are little better than the ghosts of ghosts. I know this is an extremely heretical opinion.
Charles Sanders Peirce
People are the common denominator of progress. So, paucis verbis, no improvement is possible with unimproved people, and advance is certain when people are liberated and educated. It would be wrong to dismiss the importance of roads, railroads, power plants, mills, and the other familiar furniture of economic development. At some stages of development — the stage that India and Pakistan have reached, for example — they are central to the strategy of development. But we are coming to realize, I think, that there is a certain sterility in economic monuments that stand alone in a sea of illiteracy. Conquest of illiteracy comes first.
John Kenneth Galbraith
The importance of international trade for economic development cannot be overemphasized. But free trade is not the best path to economic development. Trade helps economic development only when the country employs a mixture of protection and open trade, constantly adjusting it according to its changing needs and capabilities. Trade is simply too important for economic development to be left to free trade economists.
Ha-Joon Chang
It has been the resolution of mankind in all ages of the world. No people, no age, ever threw away the fruits of past wisdom, or the enjoyment of present blessings, for visionary schemes of ideal perfection. It is the knowledge of the past, the actual infliction of the present, that has produced all changes, all innovations, and all improvements — not (as is pretended) the chimerical anticipation of possible advantages, but the intolerable pressure of long-established, notorious, aggravated, and growing abuses.
William Hazlitt
Blessed is he who carries within himself a God, an ideal, and who obeys it: ideal of art, ideal of science, ideal of the gospel virtues, therein lie the springs of great thoughts and great actions; they all reflect light from the Infinite.
Louis Pasteur
Pigou, Arthur Cecil
Pike, Albert
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