"The time I trust will come, perhaps within the lives of some of us, when the outline of this science will be clearly made out and generally recognised, when its nomenclature will be fixed, and its principles form a part of elementary instruction"
- Nassau William Senior
About this Quote
This quote by Nassau William Senior speaks with the potential of economics as a science. He believes that in the future, economics will be a distinct and extensively accepted field of study. He suggests that the principles of economics will be taught in elementary education, and that the terms of economics will be standardized. This quote reflects Senior's optimism for the future of economics, and his belief that it will become a widely accepted and comprehended field of study. He thinks that this might occur within the lifetime of a few of those alive at the time of his writing. Elder's quote is a testimony to the capacity of economics as a science, and his faith in its future.
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