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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.

— Arthur Cecil Pigou The Economics of Welfare (1920)

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More quotes by Arthur Cecil Pigou

Though a skilled mathematician, Alfred Marshall used mathematics sparingly. He saw that excessive reliance on this instrument might lead us astray in pursuit of intellectual toys, imaginary problems not conforming to the conditions of real life: and further, might distort our sense of proportion by causing us to neglect factors that could not easily be worked up in the mathematical machine.

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Quote text and notes from Wikiquote: Arthur Cecil Pigou (page history), available under CC BY-SA 4.0. Source quality and labels are our own summary of what Wikiquote records.