Quotes & Sayings About Limits In Calculus

The calculus of probabilities, when confined within just limits, ought to interest, in an equal degree, the mathematician, the experimentalist, and the statesman. — Francois Arago

Economics operates legitimately and usefully within a 'given' framework which lies altogether outside the economic calculus. We might say that economics does not stand on its own feet, or that it is a 'derived' body of thought - derived from meta- economics. If the economist fails to study meta-economics, or, even worse. If he remains unaware of the fact that there are boundaries to the applicability of the economic calculus, he is likely to fall into a similar kind of error to that of certain medieval theologians who tried to settle questions of physics by means of biblical quotations. Every science is beneficial within its proper limits but becomes evil and destructive as soon as it transgresses them. The — Ernst F. Schumacher