Economists Quotes · Page 3

Economists have much to be humble about.

— Paul Samuelson

I guess economists, it’s a bit like scientists, you have definitely fewer women in that field,

— Christine Lagarde

If you put two economists xin a room, you get two opinions, unless one of them is Lord Keynes, in which case…

— Winston Churchill

“I think you have to be a mathematician to appreciate how full of shit economists are, how astrological their equations are.”

— Cory Doctorow

If economists were to wait for careful studies before offering opinions about policy, we would never have anything timely to say.

— Raghuram Rajan

Economists, on the whole, think well of what they do themselves and much less well of what their professional colleagues do.

— John Kenneth Galbraith

Economists (and others) who are satisfied with nature-free equations develop a dangerous hubris about the potency of our species

— Garrett Hardin

Unlike physics, economists don't settle things. There seems to be plenty of room for different conclusions that are still accepted in the…

— Adam Davidson

Leading economists have shown that by shrinking Texas, we can actually create more income for Texas in the long run.

— Ian Frazier

Economists who have studied the relationship between education and economic growth confirm what common sense suggests: The number of college degrees is…

— Derek Bok

Perhaps concentrated wealth will inspire a nation of innovative problem-solvers. But if the view of many economists is right - that it…

— Adam Davidson

Governments, political parties, pressure groups, and the bureaucrats of the educational hierarchy think they can avoid the inevitable consequences of unsuitable measures…

— Ludwig von Mises

For me, geopolitical issues are becoming more important, because how can you understand economy if you don't understand geopolitics? People think economists…

— Nouriel Roubini

In short, competition has to shoulder the responsibility of explaining all the meaningless ideas of the economists, whereas it should rather be…

— Karl Marx

Policy makers have plainly failed both here in the United States and in Europe as well. People who have suffered because of…

— Katty Kay

My fellow economists and academics fail to understand the economics of trade in the real world. Traditional models of academia respect free…

— Peter Navarro

Engineers do engineering, i.e. they build bridges. So engineering needs engineers. The economy does NOT need economists. Economists do not make economy,…

— Steve Keen

In the 2013 Economists Program, we hired 51 percent women, 49 percent men. And the reason for that is that we have…

— Christine Lagarde

“All the structural problems that economists had warned about coalesced after 1973–74 to jolt American life. These included sagging productivity, declining competitiveness…

— James T. Patterson

I don't think that much change comes from economists. I think it comes more from political realities. Probably the two giants of…

— Adam Davidson

“It was the ideas of the classical economists that removed the checks imposed by age-old laws, customs, and prejudices upon technological improvement…

— Ludwig von Mises

“None of this excuses anyone from mastering the basic ideas and terminology of economics. The intelligent layman must expect also to encounter…

— John Kenneth Galbraith

Of all the thankless jobs that economists set for themselves when it comes to educating people about economics, the notion that society…

— Edward C. Prescott

It is almost as hard to define mathematics as it is to define economics, and one is tempted to fall back on…

— Kenneth E. Boulding

I have concluded that most PhD economists under appraise the power of the common-stock-based "wealth effect," under current extreme conditions... "Wealth effects"…

— Charlie Munger

The track record of economists in predicting events is monstrously bad. It is beyond simplification; it is like medieval medicine.

— Nassim Nicholas Taleb

Ask five economists and you'll get five different answers - six if one went to Harvard..

— Edgar Fiedler

Economists have allowed themselves to walk into a trap where we say we can forecast, but no serious economist thinks we can.

— Tim Harford

What Disneyland was to my kids at age 10, that's kind of what Chicago is for economists.

— Austan Goolsbee

“A good accountant is someone who told you yesterday what the economists forcast for tomorrow”

— Anonymous

My folks are economists and have taught economics and social science so I grew up with those kind of conversations around the…

— Seth Gordon

Economists discount any factors that would not influence the thinking of a rational person.

— Richard Thaler

If economists did not concern themselves with economic efficiency, nobody would.

— Dennis Holme Robertson

Economists are people who wonder if what works in reality can also work in theory.

— Ronald Reagan

Economists have the same occupational hazard as baseball managers and football coaches: Every person on the street knows their job better than…

— Kevin Hassett

Economists don't usually make good speculators, because they think too much.

— Paul Krugman

“He never sat an examination in economics: his knowledge came from pondering problems and discussing them as much as from book-learning.”

— Richard Davenport-Hines

Philosophy ... should not pretend to increase our present stock, but make us economists of what we are possessed of.

— Oliver Goldsmith

Economists are economical, among other things, of ideas; most make those of their graduate days do for a lifetime.

— John Kenneth Galbraith

Economists' unanimity that bad business is ahead is the most reassuring news possible. It's very unlikely that this will be the one…

— Malcolm Forbes