Wednesday, November 12, 2008

"The Process and Progress of Economics"

George Stigler:
The fascination of scientific work does not lie in the craftsmanlike utilization of the tools of a science. It is admirable for the gymnast to put his splendidly disciplined body through intricate maneuvers, and it is no doubt equally admirable for the scientist to put his disciplined mind through a sequence of complex analytical or experimental maneuvers. The great fascination of scientific endeavor, however, is precisely in the speculative pursuit of new ideas that will widen the horizon of our understanding of the world. This endeavor is not that of a graceful intellectual gymnast: on the contrary, the scientist is stumbling about in a jungle of ideas or facts that seem to defy system or logic, and usually he fails to emerge with anything but scratches. The dangers of the search include the chance that a gifted rival will reach the goal, and the danger is not reduced by the fact that the rivalry is conducted under what for able and ambitious competitors are unusually chivalrous rules. Still, learning more about how this search for new knowledge proceeds is itself a worthy search for new knowledge, and we shall not abandon it.
(HT Triya)

No comments: