Quote of the Day
If all the economists were laid end to end, they'd never reach a conclusion.
George Bernard Shaw
Everything is possible, from angels to demons to economists and politicians.
You and I come by road or rail, but economists travel on infrastructure.
But the age of chivalry is gone. That of sophisters, economists, and calculators has succeeded; and the glory of Europe is extinguished forever.
Economics is extremely useful as a form of employment for economists.
John Kenneth Galbraith
Ask five economists and you'll get five different answers - six if one went to Harvard.
Edgar R. Fiedler
If economists could manage to get themselves thought of as humble, competent people on a level with dentists, that would be splendid.
John Maynard Keynes
Unlimited economic growth has the marvelous quality of stilling discontent while maintaining privilege, a fact that has not gone unnoticed among liberal economists.
I don't want to get into the 'who's a hostage-taker' discussion here, but what is the estate tax? It's a double tax on death. Economists will tell you that it's really not a tax that soaks the rich, but it's a tax on capital that deprives business investment and therefore job creation.
Economists treat economics as if it is a pure science divorced from the facts of life. The result of this false accountancy is a willful confusion under cover of which industry wreaks its havoc scot-free and ignores the environmental cost.
Well, you have the public not wanting any new spending, you have the Republicans not wanting any new taxes, you have the Democrats not wanting any new spending cuts, you have the markets not wanting any new borrowing, and you have the economists wanting all of the above. And that leads to paralysis.
Economists, like royal children, are not punished for their errors.
Many scientists and economists also say putting a price on carbon through carbon taxes and/or cap-and-trade is necessary.
The prevailing ideology of the modern west - which is political economy - is in the doghouse. Having failed to notice atmospheric pollution, the economists then frightened themselves with the sort of financial crisis they said they had abolished.
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.
Friedrich August von Hayek
There is the expression of selfishness and there is the expression of selflessness - but economists or theoreticians never touched that part. They said: 'Go and become a philanthropist.' I said, 'No, I can do that in the business world, create a different kind of business - a business based on selflessness.'
I'm not an economist and we all know economists were created to make weather forecasters look good.
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.
The public is even more pessimistic about the economy than even the most bearish economists are.
Economists often like startling theorems, results which seem to run counter to conventional wisdom.
English majors understand human nature better than economists do.
One of the profound effects of economics in our day is that the people with the money and the power have embraced the guilt-free, external-less, everything-will-turn-out-okay-in-the-end philosophy of economics in order to justify their own evil works. And the economists, for the most part, have sucked up to that money.
I believe that economists put decimal points in their forecasts to show they have a sense of humor.
William Gilmore Simms
The biggest tab the public picks up for fossil fuels has to do with what economists call 'external costs,' like the health effects of air and water pollution.
Our biggest challenge is to eliminate the popular perception that economists don't have anything useful to say.
We want an economic team, Paul Krugman and Robert Kuttner, Joseph Steiglitz's people and others, who say, you know what? We're sophisticated economists but we're concerned about poor and working people.
I have always been considered to be the most German among Italian economists, which I always received as a compliment, but was rarely meant to be one.
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.
Rowan D. Williams
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.
Although economists have studied the sensitivity of import and export volumes to changes in the exchange rate, there is still much uncertainty about just how much the dollar must change to bring about any given reduction in our trade deficit.
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John F. Kennedy
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