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Economists Quotes

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Economists are very good at saying that something cannot go on forever, but not so good at saying when it will stop  (Economists Quotes) Our popular economics writers, however, are not in the business of giving their readers a ringside seat on the research action; with no exception I can think of, they use their books to do an end run around the normal structure of scholarship, to preach ideas that few serious economists share. Often, these ideas are not just at odds with the professional consensus; they are demonstrably wrong, and sometimes terminally silly. But they sound good to the unwary reader  (Economists Quotes) The reality is that we are all economists. We all deal with scarcity as we make choices and calculate how to ration various items and resources that we consume, produce and utilize  (Economists Quotes) Discovering various economists, economic works, reading financial periodicals and keeping up on current events in geopolitics and economics around the world opened my eyes to many facets of how the extended order works  (Economists Quotes) One the one hand, our economists treat human beings as rational actors making choices to maximize their own economic benefit. On the other hand, the same companies that hire those economists also pay for advertising campaigns that use the raw materials of myth and magic to encourage people to act against their own best interests, whether it’s a matter of buying overpriced fizzy sugar water or the much more serious matter of continuing to support the unthinking pursuit of business as usual in the teeth of approaching disaster  (Economists Quotes) I ask the political economists and the moralists if they have ever calculated the number of individuals who must be condemned to misery, overwork, demoralisation, degradation, rank ignorance, overwhelming misfortune and utter penury in order to produce one rich man  (Economists Quotes) When politicians and economists understand we live in a finite world and act accordingly then a better future has a chance  (Economists Quotes) Economists have allowed themselves to walk into a trap where we say we can forecast, but no serious economist thinks we can. You don’t expect dentists to be able to forecast how many teeth you’ll have when you’re 80. You expect them to give good advice and fix problems  (Economists Quotes) I guess economists, it’s a bit like scientists, you have definitely fewer women in that field  (Economists Quotes) Our biggest challenge is to eliminate the popular perception that economists don’t have anything useful to say  (Economists Quotes) I suspect that one of capitalism’s crucial assets derives from the fact that the imagination of economists, including its critics, lags well behind its own inventiveness, the arbitrariness of its undertaking and the ruthlessness of the way in which it proceeds  (Economists Quotes) Lunches don’t get free just because you don’t see the prices on the menu. And economists don’t get popular by reminding people of that  (Economists Quotes) How is it that, in the face of overwhelming scientific evidence, there are still some who would deny the dangers of climate change? Not surprisingly, the loudest voices are not scientific, and it is remarkable how many economists, lawyers, journalists and politicians set themselves up as experts on the science  (Economists Quotes) My folks are economists and have taught economics and social science so I grew up with those kind of conversations around the dinner table  (Economists Quotes) Economists typically think that your happiness goes up as you get more money, but the more you have, the less each additional dollar matters. This means that you value money most in times when you have less income and more expenses  (Economists Quotes) In a world where for pedagogic and other purposes a very large number of economists is required, an arrangement which discourages many of them from  (Economists Quotes) At best the principles that economists have supposed the choices of rational individuals to satisfy can be presented as guidelines for us to consider when we make our decisions  (Economists Quotes) Whatever may be the distribution of uncertainty among economists, the public only gets to hear from those who have certain opinions  (Economists Quotes) Economists are economical, among other things, of ideas; most make those of their graduate days do for a lifetime  (Economists Quotes) Suckers think that you cure greed with money, addiction with substances, expert problems with experts, banking with bankers, economics with economists, and debt crises with debt spending  (Economists Quotes) Philosophy... should not pretend to increase our present stock, but make us economists of what we are possessed of  (Economists Quotes) Economists say the inability to delay gratification is a primary predictor of economic failure in life  (Economists Quotes) The first essential for economists... is to... combat, not foster, the ideology which pretends that values which can be measured in terms of money are the only ones that ought to count  (Economists Quotes) Economists can certainly disappoint you. One said that the economy would turn up by the last quarter. Well, I’m down to mine and it hasn’t  (Economists Quotes) All economists should be locked up until they admit that they don’t know what they’re talking about  (Economists Quotes) Along with others, I have tried to pry economists away from narrow assumptions about self interest. Behavior is driven by a much richer set of values and preferences  (Economists Quotes) If economists could manage to get themselves thought of as humble, competent people on a level with dentists, that would be splendid  (Economists Quotes) Most economists, like doctors, are reluctant to make predictions, and those who make them are seldom accurate. The economy, like the human body, is a highly complex system whose workings are not thoroughly understood  (Economists Quotes) Many of us economists who believe in efficiency do so because we view markets as amazingly successful devices for reflecting new information rapidly and, for the most part, accurately  (Economists Quotes) The ideas of economists and political philosophers, both when they are right and when they are wrong, are more powerful than is generally understood. Indeed, the world is ruled by little else  (Economists Quotes)
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