Years ago, I noticed one thing about economics, and that is that economists didn't get anything right. — Nassim Nicholas Taleb Copy Share Image
It is a misfortune of the times that all of us must needs be amateur economists-including, and perhaps especially, the professionals. — Benjamin Graham Copy Share Image
“Experiment and reason, tempered by intuition, were to him preferable to solid plodding in the well-trodden paths of experience.” — Richard Davenport-Hines Copy Share Image
Fortunately, economists open to new ways of thinking are finding novel ways to use supposedly irrelevant factors to make the world a… — Richard Thaler Copy Share Image
Economists talk about profit motive, but nothing motivates modern man more than a chance to avoid taxes! — Peter Drucker Copy Share Image
Most economists, including me, agree that longevity insurance would make sense for a lot of people. — Richard Thaler Copy Share Image
Economists say the inability to delay gratification is a primary predictor of economic failure in life. — Brian Tracy Copy Share Image
Losses of a kind of satisfaction that have no market equivalent don't show up in the calculations of economists. — Ivan Illich Copy Share Image
Very often, the judgments by ordinary citizens may be better than those by professional economists, being more rooted in reality and less… — Ha-Joon Chang Copy Share Image
Health economists have estimated that an injection of $250 million per year in Indigenous clinical care, and $50 million in preventative care,… — Malcolm Fraser Copy Share Image
To assert, as some have, that illegal immigrants do not depress wages because they do the jobs Americans refuse is the kind… — Mark Helprin Copy Share Image
I am one of the most successful economists, according to what markets tell us, though most of my professional colleagues, who are… — Ha-Joon Chang Copy Share Image
I've debated many economists who claim to specialize in risk and probability: when one takes them slightly outside their narrow focus, but… — Nassim Nicholas Taleb Copy Share Image
Researchers may like to think that, given all the facts, we make rational choices. Ask economists how that assumption works out for… — Kyle Hill Copy Share Image
What free-market economists are not telling us is that the politics they want to get rid of are none other than those… — Ha-Joon Chang Copy Share Image
Economists tend to think they are much, much smarter than historians, than everybody. And this is a bit too much because at… — Thomas Piketty Copy Share Image
“While economists of such different political affiliations as Paul Krugman, Larry Summers, and Tyler Cowen all have written extensively about the cause… — Jonathan Taplin Copy Share Image
Experts kill me. Economic experts, that is. Corporations, foundations, publications and governments pay them by the bucketful, and they fill buckets with… — Malcolm Forbes Copy Share Image
“Economists at Standard & Poor’s Ratings Services are the authors of the straightforwardly titled “How Increasing Inequality is Dampening U.S. Economic Growth,… — Anonymous Copy Share Image
The rationale for tenure is still valid. But the system has turned the academy into one of the most conservative and costly… — Francis Fukuyama Copy Share Image
The years of the Great Depression were a superb time for economists because people not knowing what could be done or what… — John Kenneth Galbraith Copy Share Image
“We both approach the world as economists, and as economists resigned to - and sometimes even reveling in - the character defect… — Steven Landsburg Copy Share Image
I write with two things in mind. I want to be right with my fellow economists. After all, I've made my life… — John Kenneth Galbraith Copy Share Image
Our popular economics writers, however, are not in the business of giving their readers a ringside seat on the research action; with… — Paul Krugman Copy Share Image
The unpopularity of economics is the result of its analysis of the effects of privileges. It is impossible to invalidate the economists… — Ludwig von Mises Copy Share Image
The density of settlement of economists over the whole empire of economic science is very uneven, with a few areas of modest… — Herbert A. Simon Copy Share Image
When economists speak of money, they neglect that all money and credit is debt. That is the essence of bookkeeping and accounting.… — Michael Hudson Copy Share Image
In my opinion, economists and sociologists are the people to whom we ought to turn more than we do for instruction in… — Oliver Wendell Holmes, Jr Copy Share Image
To economists, prices serve as crucial signals to producers and consumers. In a regulated market, the state sets prices high enough for… — Alex Berenson Copy Share Image
Most economists, when modeling market behavior, tend to sweep major fluctuations under the rug and assume they are anomalies. What I have… — Benoit Mandelbrot Copy Share Image
The role of the media in economic management is not often recognised even by professional economists. Politicians, however, ignore this at their… — Sanjaya Baru Copy Share Image
Experience is a wonderful thing. It enables you to recognize a mistake when you make it again. If all economists were laid… — George Bernard Shaw Copy Share Image
In the 1940s, economics started getting highly mathematical. It was basically because economists weren't smart enough to write down models of real… — Richard Thaler Copy Share Image
Economists get impatient with philosophy. They are often trained as skilled mathematicians. They don't like going back to ordinary language and first… — Martha C. Nussbaum Copy Share Image
Economists love to talk about incentives, but the bottom line is that people hate being controlled or manipulated, even when done through… — Tyler Cowen Copy Share Image
Nobody at CNBC owns gold. Nobody at Bloomberg owns gold. Gold is being constantly talked down by the media, and Fed officials,… — Marc Faber Copy Share Image
Economists have put themselves in a position where what they are doing is supposed to be impossible to understand for outsiders, so… — Thomas Piketty Copy Share Image
“Microeconomics concerns things that economists are specifically wrong about, while macroeconomics concerns things economists are wrong about generally. P. J. O’ROURKE, Eat… — Anonymous Copy Share Image
You cannot prove this in real time, but when economists 20 years from now write a book on the recovery, it may… — Jamie Dimon Copy Share Image
“They (economists) must set aside their contempt for other disciplines and their absurd claim to greater scientific legitimacy, despite the fact that… — Thomas Piketty Copy Share Image
