Economics is not a science; it is a quasi-religion: part…
“Economics is not a science; it is a quasi-religion: part superstition, part mystique, part sentimentality. Bankers dream like other men, the only difference being that when their dreams turn to nightmares, we all lose sleep. There can be no trusting the muttering of any prelate when it comes to money.”
About This Quote
This interpretation was drafted with AI assistance. It is one reading of the quote, not the author's own explanation.
Economics blends belief and emotion, resembling religion more than strict science.
In simple terms: Economics mixes belief with emotion.
Key Takeaway
Question assumptions about economics.
Themes
economics
belief
emotion
religion
Mood
skeptical
critical
Type
analytical
philosophical
When to use this quote
- financial analysis
- policy making
- investment decisions
- public discourse
Key Concepts
quasi-religion
superstition
sentimentality
Questions to Reflect On
- How does belief shape economic policy?
- Can economics be truly objective?
A Different Perspective
Economic models can’t capture human irrationality fully.