--- title: "Meaning & Key Takeaway of: Keynes vs Hayek? Friedman vs Krugman?…" description: "\"Keynes vs Hayek? Friedman vs Krugman? Those are the wrong intellectual debates. Its you vs. Tony Hayward, BP CEO, You vs. Lloyd Blankfein, Goldman Sach..." image: "https://sms4smile.com/quotes/i/25a/barry-ritholtz-5065_ceo_keynes-vs-hayek-friedman-vs-krugman-thos_2693738.jpg" --- # Keynes vs Hayek? Friedman vs Krugman? Those are the wrong… ![“Keynes vs Hayek? Friedman vs Krugman? Those are the wrong intellectual debates. Its you vs. Tony Hayward, BP CEO, You vs. Lloyd Blankfein, Goldman Sachs CEO. And you are losing...” quote by Barry Ritholtz](https://sms4smile.com/quotes/i/25a/barry-ritholtz-5065_ceo_keynes-vs-hayek-friedman-vs-krugman-thos_2693738.jpg) [Download](https://sms4smile.com/quotes/i/25a/barry-ritholtz-5065_ceo_keynes-vs-hayek-friedman-vs-krugman-thos_2693738.jpg) [Open image](https://sms4smile.com/quotes/i/25a/barry-ritholtz-5065_ceo_keynes-vs-hayek-friedman-vs-krugman-thos_2693738.jpg) > “Keynes vs Hayek? Friedman vs Krugman? Those are the wrong intellectual debates. Its you vs. Tony Hayward, BP CEO, You vs. Lloyd Blankfein, Goldman Sachs CEO. And you are losing...” [Barry Ritholtz](https://sms4smile.com/quotes/author/barry-ritholtz/) ## About This Quote This interpretation was drafted with AI assistance. It is one reading of the quote, not the author's own explanation. Focus on personal competition with leaders, not abstract economic debates. **In simple terms:** Compete with top CEOs. Key Takeaway Measure personal performance. Themes competition leadership finance Mood analytical motivational Type business self‑help When to use this quote - career advancement - investment decisions - personal finance - goal setting Key Concepts strategic thinking personal accountability Questions to Reflect On - Who are your personal benchmarks? - How can you improve without unhealthy rivalry? A Different Perspective Comparisons can be demotivating. ★ ★ ★ ★ ★ No ratings yet [Ceo](https://sms4smile.com/quotes/about/ceo/) [Debate](https://sms4smile.com/quotes/about/debate/) [Goldman sachs](https://sms4smile.com/quotes/about/goldman-sachs/) [Hayek](https://sms4smile.com/quotes/about/hayek/) [Intellectual](https://sms4smile.com/quotes/about/intellectual/) [Intellectual Debates](https://sms4smile.com/quotes/about/intellectual-debates-1103619/) [Keynes](https://sms4smile.com/quotes/about/keynes/) [Keynes Vs](https://sms4smile.com/quotes/about/keynes-vs-2678296/) [Krugman Wrong](https://sms4smile.com/quotes/about/krugman-wrong-2678297/) [Losing](https://sms4smile.com/quotes/about/losing/) [Vs Hayek](https://sms4smile.com/quotes/about/vs-hayek-2678298/) [Wrong Intellectual](https://sms4smile.com/quotes/about/wrong-intellectual-1909143/) ## Related quotes > [Don't get me wrong - intellectual snobbery is vulgar and gauche.](https://sms4smile.com/quotes/robert-webb/don-t-get-me-wrong-intellectual-snobbery-is-vulgar-and-gauche/) [Robert Webb](https://sms4smile.com/quotes/author/robert-webb/) > [In all intellectual debates, both sides tend to be correct in what they affirm, and wrong in what they deny.](https://sms4smile.com/quotes/john-stuart-mill/in-all-intellectual-debates-both-sides-tend-to-be-correct-in-what/) [John Stuart Mill](https://sms4smile.com/quotes/author/john-stuart-mill/) > [These esoteric, intellectual debates-I want them to come to New Jersey and sit across from the widows and the orphans and have that conversation,](https://sms4smile.com/quotes/chris-christie/these-esoteric-intellectual-debates-i-want-them-to-come-to-new-jersey/) [Chris Christie](https://sms4smile.com/quotes/author/chris-christie/) > [There is nothing wrong with intellectual differences flowing from freedom of thought as long as such differences remain confined to intellectual debates.](https://sms4smile.com/quotes/pervez-musharraf/there-is-nothing-wrong-with-intellectual-differences-flowing-from/) [Pervez Musharraf](https://sms4smile.com/quotes/author/pervez-musharraf/) > [I understand Goldman Sachs businesses. We do lot of business with him, and GE has been - I think it's the longest running stock…](https://sms4smile.com/quotes/warren-buffett/i-understand-goldman-sachs-businesses-we-do-lot-of-business-with-him/) [Warren Buffett](https://sms4smile.com/quotes/author/warren-buffett/) > [“By early 2005 all the big Wall Street investment banks were deep into the subprime game. Bear Stearns, Merrill Lynch, Goldman Sachs, and Morgan…](https://sms4smile.com/quotes/michael-lewis/by-early-2005-all-the-big-wall-street-investment-banks-were-deep-into/) [Michael Lewis](https://sms4smile.com/quotes/author/michael-lewis/) > [“People aren't pissed just to be pissed. They're mad because a tiny group of crooks on Wall Street built themselves beach houses in the…](https://sms4smile.com/quotes/matt-taibbi/people-aren-t-pissed-just-to-be-pissed-they-re-mad-because-a-tiny/) [Matt Taibbi](https://sms4smile.com/quotes/author/matt-taibbi/) > [“The bottom line is that wealth can be concentrated somewhere, but that doesn’t also mean that’s where it’s being created. This is just as…](https://sms4smile.com/quotes/rutger-bregman/the-bottom-line-is-that-wealth-can-be-concentrated-somewhere-but-that/) [Rutger Bregman](https://sms4smile.com/quotes/author/rutger-bregman/) > [I believe that if you go and ask a chief executive of a Goldman Sachs or a BP, and they answer you honestly they…](https://sms4smile.com/quotes/ian-bremmer/i-believe-that-if-you-go-and-ask-a-chief-executive-of-a-goldman-sachs/) [Ian Bremmer](https://sms4smile.com/quotes/author/ian-bremmer/) > [I have a very clear perception what the Internet is in my mind. I'm free. I'm not defined by what they say is the…](https://sms4smile.com/quotes/matt-drudge/i-have-a-very-clear-perception-what-the-internet-is-in-my-mind-i-m/) [Matt Drudge](https://sms4smile.com/quotes/author/matt-drudge/) > [Barack Obama's large contributor was Goldman Sachs - same thing on the Republican side. If you go to both their conventions, you see the…](https://sms4smile.com/quotes/jesse-ventura/barack-obama-s-large-contributor-was-goldman-sachs-same-thing-on-the/) [Jesse Ventura](https://sms4smile.com/quotes/author/jesse-ventura/) > [“Everyone thinks Goldman is so fucking smart,” he railed. “Just because Goldman says this is the right valuation, you shouldn’t assume it’s correct just…](https://sms4smile.com/quotes/andrew-ross-sorkin/everyone-thinks-goldman-is-so-fucking-smart-he-railed-just-because/) [Andrew Ross Sorkin](https://sms4smile.com/quotes/author/andrew-ross-sorkin/) > [Halloween's coming. Kids get very imaginative in my neighborhood. Last year, three kids showed up as Goldman Sachs executives and demanded 4.5 billion pieces…](https://sms4smile.com/quotes/jay-leno/halloween-s-coming-kids-get-very-imaginative-in-my-neighborhood-last/) [Jay Leno](https://sms4smile.com/quotes/author/jay-leno/) > [There are a few people out there with whom you fit just so, and, amazingly, you keep fitting just so even after you have…](https://sms4smile.com/quotes/lauren-f-winner/there-are-a-few-people-out-there-with-whom-you-fit-just-so-and/) [Lauren F. Winner](https://sms4smile.com/quotes/author/lauren-f-winner/) > [“I do not believe in the power of brand names or in emulating any of the brand name investors out there. It is a…](https://sms4smile.com/quotes/ziad-k-abdelnour/i-do-not-believe-in-the-power-of-brand-names-or-in-emulating-any-of/) [Ziad K. Abdelnour](https://sms4smile.com/quotes/author/ziad-k-abdelnour/) ## More by Barry Ritholtz > [Amongst the financial Twitterati, the term 'muppets' has come to describe any client used and abused by some financial predator. I've adopted the term…](https://sms4smile.com/quotes/barry-ritholtz/amongst-the-financial-twitterati-the-term-muppets-has-come-to/) [Barry Ritholtz](https://sms4smile.com/quotes/author/barry-ritholtz/) > [It is important for investors to understand what they do and don't know. Learn to recognize that you cannot possibly know what is going…](https://sms4smile.com/quotes/barry-ritholtz/it-is-important-for-investors-to-understand-what-they-do-and-don-t/) [Barry Ritholtz](https://sms4smile.com/quotes/author/barry-ritholtz/) > [The good news is that economists are intelligent, engaging and often charming folks. The bad news is their work is often of little use…](https://sms4smile.com/quotes/barry-ritholtz/the-good-news-is-that-economists-are-intelligent-engaging-and-often/) [Barry Ritholtz](https://sms4smile.com/quotes/author/barry-ritholtz/) > [The electronics industry expanded rapidly and the seeds for the semiconductor and software revolution were planted. The postwar period also saw the suburbanization of…](https://sms4smile.com/quotes/barry-ritholtz/the-electronics-industry-expanded-rapidly-and-the-seeds-for-the/) [Barry Ritholtz](https://sms4smile.com/quotes/author/barry-ritholtz/) > [Footage of people camped out at Best Buy or elsewhere is not remotely a celebration. Rather, it's a reminder of just how economically distressed…](https://sms4smile.com/quotes/barry-ritholtz/footage-of-people-camped-out-at-best-buy-or-elsewhere-is-not-remotely/) [Barry Ritholtz](https://sms4smile.com/quotes/author/barry-ritholtz/) > [Markets are frequently ahead of, and often out of sync with, the economy.](https://sms4smile.com/quotes/barry-ritholtz/markets-are-frequently-ahead-of-and-often-out-of-sync-with-the-economy/) [Barry Ritholtz](https://sms4smile.com/quotes/author/barry-ritholtz/) > [Narrative drives most of economics. Everything seems to be part of a story, and how that story is told often leads to critical error.](https://sms4smile.com/quotes/barry-ritholtz/narrative-drives-most-of-economics-everything-seems-to-be-part-of-a/) [Barry Ritholtz](https://sms4smile.com/quotes/author/barry-ritholtz/) > [This ugly duckling investment will likely need time - quarters, or even years - to blossom into a beautiful swan.](https://sms4smile.com/quotes/barry-ritholtz/this-ugly-duckling-investment-will-likely-need-time-quarters-or-even/) [Barry Ritholtz](https://sms4smile.com/quotes/author/barry-ritholtz/) > [Yearly data put the rest of the noise into perspective. Most of the weekly or monthly random up-and-down movements get smoothed out. Ultimately, this…](https://sms4smile.com/quotes/barry-ritholtz/yearly-data-put-the-rest-of-the-noise-into-perspective-most-of-the/) [Barry Ritholtz](https://sms4smile.com/quotes/author/barry-ritholtz/) > ['Returnless risk' is not how you prepare for a decent retirement.](https://sms4smile.com/quotes/barry-ritholtz/returnless-risk-is-not-how-you-prepare-for-a-decent-retirement/) [Barry Ritholtz](https://sms4smile.com/quotes/author/barry-ritholtz/) > [A number of bloggers in economics and the financial sector have risen to prominence through the sheer strength of their work. Note it was…](https://sms4smile.com/quotes/barry-ritholtz/a-number-of-bloggers-in-economics-and-the-financial-sector-have-risen/) [Barry Ritholtz](https://sms4smile.com/quotes/author/barry-ritholtz/) > [TV producers want ratings and are willing to do nearly anything to get them. They gin up artificial conflicts and create an urgency for…](https://sms4smile.com/quotes/barry-ritholtz/tv-producers-want-ratings-and-are-willing-to-do-nearly-anything-to/) [Barry Ritholtz](https://sms4smile.com/quotes/author/barry-ritholtz/) > [Asset managers have different approaches, and I don't wish to suggest there is only one way to run money. There are many ways one…](https://sms4smile.com/quotes/barry-ritholtz/asset-managers-have-different-approaches-and-i-don-t-wish-to-suggest/) [Barry Ritholtz](https://sms4smile.com/quotes/author/barry-ritholtz/) > [There is a shortage of doctors, and the American Medical Association is aiming to keep it that way.](https://sms4smile.com/quotes/barry-ritholtz/there-is-a-shortage-of-doctors-and-the-american-medical-association/) [Barry Ritholtz](https://sms4smile.com/quotes/author/barry-ritholtz/) > [We love a tale of heroes and villains and conflicts requiring a neat resolution.](https://sms4smile.com/quotes/barry-ritholtz/we-love-a-tale-of-heroes-and-villains-and-conflicts-requiring-a-neat/) [Barry Ritholtz](https://sms4smile.com/quotes/author/barry-ritholtz/) [Explore all 103 Barry Ritholtz quotes ](https://sms4smile.com/quotes/author/barry-ritholtz/) ## More Ceo quotes > [When you're young and you have money, you become the CEO, automatically, of life, of your family.](https://sms4smile.com/quotes/corey-haim/when-you-re-young-and-you-have-money-you-become-the-ceo-automatically/) [Corey Haim](https://sms4smile.com/quotes/author/corey-haim/) > [I took on the role of CEO, which involves directing the Management Team and overall day-to-day operations of 500.](https://sms4smile.com/quotes/christine-tsai/i-took-on-the-role-of-ceo-which-involves-directing-the-management/) [Christine Tsai](https://sms4smile.com/quotes/author/christine-tsai/) > [I learned a lesson that I don't ever want to be a CEO.](https://sms4smile.com/quotes/larry-wilcox/i-learned-a-lesson-that-i-don-t-ever-want-to-be-a-ceo/) [Larry Wilcox](https://sms4smile.com/quotes/author/larry-wilcox/) > [Strategy is not a solo sport, even if you're the CEO.](https://sms4smile.com/quotes/max-mckeown/strategy-is-not-a-solo-sport-even-if-you-re-the-ceo/) [Max McKeown](https://sms4smile.com/quotes/author/max-mckeown/) > [For any CEO that is skeptical at all: you have to create a social enterprise today!](https://sms4smile.com/quotes/angela-ahrendts/for-any-ceo-that-is-skeptical-at-all-you-have-to-create-a-social/) [Angela Ahrendts](https://sms4smile.com/quotes/author/angela-ahrendts/) > [I draw the line at some things. Some things I won't do for any amount of money. Like for instance, there's a couple of…](https://sms4smile.com/quotes/robert-crumb/i-draw-the-line-at-some-things-some-things-i-won-t-do-for-any-amount/) [Robert Crumb](https://sms4smile.com/quotes/author/robert-crumb/) > [I want to share that I had and still do, and a great relationship with Angela Ahrendts. She was the CEO of Burberry. One…](https://sms4smile.com/quotes/judith-e-glaser/i-want-to-share-that-i-had-and-still-do-and-a-great-relationship-with/) [Judith E. Glaser](https://sms4smile.com/quotes/author/judith-e-glaser/) > [If the CEO is not going to give you a fair chance, you're probably not going to win.](https://sms4smile.com/quotes/marshall-goldsmith/if-the-ceo-is-not-going-to-give-you-a-fair-chance-you-re-probably-not/) [Marshall Goldsmith](https://sms4smile.com/quotes/author/marshall-goldsmith/) > [I have always said if there ever came a day when I could no longer meet my duties and expectations as Apple's CEO, I…](https://sms4smile.com/quotes/steve-jobs/i-have-always-said-if-there-ever-came-a-day-when-i-could-no-longer/) [Steve Jobs](https://sms4smile.com/quotes/author/steve-jobs/) > [Governor Romney may be running for CEO, I'm running for President](https://sms4smile.com/quotes/newt-gingrich/governor-romney-may-be-running-for-ceo-i-m-running-for-president/) [Newt Gingrich](https://sms4smile.com/quotes/author/newt-gingrich/) > [Culture is what happens when the CEO isn't in the room.](https://sms4smile.com/quotes/john-collison/culture-is-what-happens-when-the-ceo-isn-t-in-the-room/) [John Collison](https://sms4smile.com/quotes/author/john-collison/) > [Political journalists love graduate student intelligence, the ability to make clever allusions in seminars, and in 1999-2000 they hassled George W. Bush for not…](https://sms4smile.com/quotes/marvin-olasky/political-journalists-love-graduate-student-intelligence-the-ability/) [Marvin Olasky](https://sms4smile.com/quotes/author/marvin-olasky/) > [The deck is still stacked in favor of those already at the top. And there's something wrong with that. There's something wrong when CEOs…](https://sms4smile.com/quotes/hillary-clinton/the-deck-is-still-stacked-in-favor-of-those-already-at-the-top-and/) [Hillary Clinton](https://sms4smile.com/quotes/author/hillary-clinton/) > [While they're in WWE, we absolutely have a health and wellness policy. I'll probably always say 'we,' even though I've resigned as the CEO.…](https://sms4smile.com/quotes/linda-mcmahon/while-they-re-in-wwe-we-absolutely-have-a-health-and-wellness-policy/) [Linda McMahon](https://sms4smile.com/quotes/author/linda-mcmahon/) > [It doesn't make much sense and it's nil premium. They're going to have co-CEOs...which is a very uncomfortable structure.](https://sms4smile.com/quotes/martin-sorrell/it-doesn-t-make-much-sense-and-it-s-nil-premium-they-re-going-to-have/) [Martin Sorrell](https://sms4smile.com/quotes/author/martin-sorrell/) [Browse all 668 Ceo quotes ](https://sms4smile.com/quotes/about/ceo/) ```json { "@context": "https://schema.org", "@graph": [ { "@type": "Quotation", "text": "Keynes vs Hayek? Friedman vs Krugman? Those are the wrong intellectual debates. Its you vs. Tony Hayward, BP CEO, You vs. Lloyd Blankfein, Goldman Sachs CEO. 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