It seems to me that this failure of the economists to guide policy more successfully is closely connected with their propensity to imitate as closely as possible the procedures of the brilliantly successful physical sciences - an attempt which in our field may lead to outright error. It is an approach which has come to be described as the 'scientistic' attitude - an attitude which, as I defined it some thirty years ago, 'is decidedly unscientific in the true sense of the word, since it involves a mechanical and uncritical application of habits of thought to fields different from those in which they have been formed.'

On the other hand, the economists are at this moment called upon to say how to extricate the free world from the serious threat of accelerating inflation which…

Unlike the position that exists in the physical sciences, in economics and other disciplines that deal with essentially complex phenomena, the aspects of the e…

The Nobel Prize confers on an individual an authority which in economics no man ought to possess. This does not matter in the natural sciences. Here the influe…

When we seek a textbook case for the proper operation of science, the correction of certain error offers far more promise than the establishment of probable tr…

There does not exist a category of science to which one can give the name applied science. There are sciences and the applications of science, bound together a…

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