Assumption Quote by Anat R. Admati

Contrary to what professional economists will typically tell you, economics is not a science. All economic theories have underlying political and ethical assumptions, which…

— Ha-Joon Chang

Why do economists fall in love with authoritarian governments?

— Yasheng Huang

In my opinion, economists and sociologists are the people to whom we ought to turn more than we do for instruction in the grounds…

— Oliver Wendell Holmes, Jr

All great economists are tall. There are two exceptions: John Kenneth Galbraith and Milton Friedman.

— George Stigler

Economists, like royal children, are not punished for their errors.

— James Buchan

Gambling interests hire lots of economists to do impact studies, but what you need is cost-benefit analysis, and you'll never see the industry finance…

— John Warren Kindt

There is one great advantage to being an academic economist in France: here, economists are not highly respected in the academic and intellectual world…

— Thomas Piketty

In the abstract world of American economists, equations run both ways; they believe that by changing the sign of a variable from plus to…

— Robert Gilpin

When economists speak of money, they neglect that all money and credit is debt. That is the essence of bookkeeping and accounting. There are…

— Michael Hudson

Economists actually disagree about whether there are significant economic returns from attending an elite college versus a less-selective one.

— Emily Oster

The good news is that economists are intelligent, engaging and often charming folks. The bad news is their work is often of little use…

— Barry Ritholtz

Losses of a kind of satisfaction that have no market equivalent don't show up in the calculations of economists.

— Ivan Illich