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Economists Quotes

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Economists want their discipline to be a science, and they have nailed down a few precepts, but many of their debates are still clouded by ideology  (Economists Quotes) The track record of economists in predicting events is monstrously bad. It is beyond simplification; it is like medieval medicine  (Economists Quotes) He who disdains the fall in infant mortality and the gradual disappearance of famines and plagues may cast the first stone upon the materialism of the economists  (Economists Quotes) The unpopularity of economics is the result of its analysis of the effects of privileges. It is impossible to invalidate the economists demonstration that all privileges hurt the interests of the rest of the nation or at least a great part of it  (Economists Quotes) What our economists call a depressed area almost always turns out to be a cleaner, freer, more livable place than most  (Economists Quotes) The economists who have put the spotlight on teacher quality are the ones who most misunderstand it  (Economists Quotes) I have arrived at the conviction that the neglect by economists to discuss seriously what is really the crucial problem of our time is due to a certain timidity about soiling their hands by going from purely scientific questions into value questions  (Economists Quotes) Behavioral economists have shown that a sizable percentage of people are willing to pay real money to punish people who are taking from a common pot but not contributing to it. Just to insure that shirkers get what they deserve, we are prepared to make ourselves poorer  (Economists Quotes) We economists don’t know much, but we do know how to create a shortage. If you want to create a shortage of tomatoes, for example, just pass a law that retailers can’t sell tomatoes for more than two cents per pound. Instantly you’ll have a tomato shortage. It’s the same with oil or gas  (Economists Quotes) I’ve debated many economists who claim to specialize in risk and probability: when one takes them slightly outside their narrow focus, but within the discipline of probability, they fall apart, with the disconsolate face of a gym rat in front of a gangster hit man  (Economists Quotes) Governments, political parties, pressure groups, and the bureaucrats of the educational hierarchy think they can avoid the inevitable consequences of unsuitable measures by boycotting and silencing the independent economists. But truth persists and works, even if nobody is left to utter it  (Economists Quotes) I can’t speak for them, of course, but I believe that most economists would accept the view that, while you sometimes can make a score by sheer luck, you can’t do it constantly, unless you’re willing to put the resources in  (Economists Quotes) I may be only a fish and chip shop lady, but some of these economists need to get their heads out of the textbooks and get a job in the real world. I would not even let one of them handle my grocery shopping  (Economists Quotes) Proving that profit is economically and morally justifiable, rather then the result of exploitation, has been a central preoccupation of neoclassical economists  (Economists Quotes) Liberal economists conceive of societies as black boxes connected by exchange rates; as long as exchange rates are correct, what goes on inside the black box is regarded as not very important  (Economists Quotes) It is from the scope and wisdom of the economists of the past that we must reap the knowledge with which to face the future  (Economists Quotes) Economists can never be free of from difficulties unless they will distinguish between a theory and the application of a theory  (Economists Quotes) Economists may insist we are running a trade deficit, but in reality, we are running a margin surplus  (Economists Quotes) The obstacles facing academic economists are formidable, for tenure and professional advancement still depend to a large extent on a willingness to comply with and to work within the tenets of orthodox theory  (Economists Quotes) When you cover the economy as a reporter, there’s one part of the job that is always easy: finding economists who disagree  (Economists Quotes) Unlike physics, economists don’t settle things. There seems to be plenty of room for different conclusions that are still accepted in the academy  (Economists Quotes) Percentages! Those are for economists, polls, and politicians. Percentages can’t define your identity  (Economists Quotes) Greed is good to most economists. It’s greed that makes people work harder, be more productive and helps the economy grow  (Economists Quotes) There is something, however humble, which can properly be called skill among those who recognise themselves as economists  (Economists Quotes) Economists are coming to acknowledge that measures of national wealth and poverty in terms strictly of average income tell you little that is significant of the health or viability of a society  (Economists Quotes) Economists report that a college education adds many thousands of dollars to a man’s lifetime income - which he then spends sending his son to college  (Economists Quotes) The IMF economists were doubtless shaken by the extreme failures of their prescriptions over many years, and by the collapse of the intellectual edifice of economic theory on which they were relying  (Economists Quotes) Gambling interests hire lots of economists to do impact studies, but what you need is cost-benefit analysis, and you’ll never see the industry finance those  (Economists Quotes) Ever since economists revealed how much universities contribute to economic growth, politicians have paid close attention to higher education  (Economists Quotes) Losses of a kind of satisfaction that have no market equivalent don’t show up in the calculations of economists  (Economists Quotes)
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