Quote by William Stanley Jevons
It is clear that economics, if it is to be a science at all, must be a mathematical science.
Summary
This quote suggests that for economics to be considered a legitimate science, it should incorporate mathematics in its theories and analysis. By emphasizing the need for mathematical reasoning in economics, the quote implies that it is important to use quantitative methods and models to understand and explain economic phenomena. Mathematics provides economists with tools to establish rigorous theories, test hypotheses, and make predictions, thereby aiding in the study of economic systems and behavior. This viewpoint supports the idea that mathematical models enhance the scientific nature of economics.
Topics
Science
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