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
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
“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
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
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
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
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
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
“In 1996, my first year on Wall Street, the New York Times wrote a story pointing out that IBM, which had employed… — Danielle DiMartino Booth 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
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
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
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
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
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
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
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
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
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
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
Psychologists and economists love to talk about the notion of two selves: present self and future self. It's a nice way to… — Daniel Goldstein Copy Share Image
A study by Treasury economists estimated that a country with a tax rate one percentage point lower than another country's attracts 3… — Henry Paulson Copy Share Image
Yeah, you know, there's a difference between the textbook world that economists like to imagine, and the real world where real people… — Paul Romer Copy Share Image
Along with others, I have tried to pry economists away from narrow assumptions about self interest. Behavior is driven by a much… — Gary Becker Copy Share Image
Economists suffer from a deep psychological disorder that I call 'physics envy'. We wish that 99 percent of economic behavior could be… — Andrew Lo Copy Share Image
We have lots of evidence that putting investments in early childhood education, even evidence from very hard-nosed economists, is one of the… — Alison Gopnik Copy Share Image
I can observe the game theory is applied very much in economics. Generally, it would be wise to get into the mathematics… — John Forbes Nash, Jr Copy Share Image
Economists specialize in pointing out unpleasant trade-offs - a skill that is on full display in the health care debate. We want… — Sendhil Mullainathan Copy Share Image
In short, I do not write for mathematicians, nor as a mathematician, but as an economist wishing to convince other economists that… — William Stanley Jevons Copy Share Image
Economists may not know how to run the economy, but they know how to create shortages or gluts simply by regulating prices… — Milton Friedman Copy Share Image
Like a bottle of wine or a promising college quarterback turning pro, C.E.O.'s are similar to what economists call experience goods: you… — Adam Davidson Copy Share Image
They [free market policies] were never based on solid empirical and theoretical foundations, and even as many of these policies were being… — Joseph Stiglitz Copy Share Image
My principal work now lies in tracing out the exact nature and conditions of utility. It seems strange indeed that economists have… — William Stanley Jevons Copy Share Image
“In an age in which economists take for granted that people equate well-being with consumption, increasing numbers of people seem willing to… — Eugene Linden Copy Share Image
Privatization came on slowly. When something very big happens, like privatization, historians and economists like to think you must have had very… — Kenneth Baker Copy Share Image
![“They [free market policies] were never based on solid empirical and theoretical foundations, and even as many of these policies were being pushed, academic economists were explaining the limitations of markets for instance, whenever information is imperfect, which is to say always.” quote by Joseph Stiglitz](https://sms4smile.com/quotes/i/184/joseph-stiglitz-1351_academic_they-free-market-policies-were-never-bas_1158951.jpg)
