Best Economics Words

1329 Economics quotes by 729 unique authors

...even professors of economics, to say nothing of the public, do not generally have scientific minds. — Frank Knight
It is universally appreciated, I think, that theorists are able to tweak their assumptions in order to reach any conclusion they wish. The believability of… — Unknown Author
However, the fact that an economist offers a theoretical analysis does not and should not automatically command respect. What is needed is some assurance that… — Paul Krugman
Time is a device to stop everything from happening at once ... space is a device to stop everything from happening in Cambridge. — Unknown Author
A tip for generalists who try to read economic research papers: If you get to a section that's incomprehensible, don't give up. Just skip to… — David Leonhardt
Page after page of professional economic journals are filled with mathematical formulas leading the reader from sets of more or less plausible but entirely arbitrary… — Wassily Leontief
The danger of tautological propositions is considerable in discussions of the concept of normal profits. Because supernormal profits seem to invite newcomers to an industry… — Fritz Machlup
I admit that these terms and the diagrams connected with them repel some readers, and fill others with the vain imagination that they have mastered… — Alfred Marshall
I am stretching out this volume, since those German dogs estimate the value of books by their cubic contents. — Karl Marx
The solution was eventually found by Johannes Gutenberg, who made the breakthrough that finally established printing as the communication technology of the future. Similar ideas… — Alister E. McGrath
Political Economy, in truth, has never pretended to give advice to mankind with no lights but its own; though people who knew nothing but political… — John Stuart Mill
You can always get sympathy by using the word small. With little industries you feel as you do about a little puppy. — Frances Perkins
Even as a young man, Vito Corleone became known as a "man of reasonableness." He never uttered a threat. He always used logic that proved… — Mario Puzo
A colleague saw the same model-calibrating the elasticity of demand facing a Cournot oligopolist as a function of the number of firms in the industry--described… — Unknown Author
Hume develops his arguments by a series of models. He doesn't call them models in the pretentious way in which we envelope, very often, pure… — Lionel Robbins, Baron Robbins
If economists did not concern themselves with economic efficiency, nobody would. — Dennis Holme Robertson
Obviousness is always the enemy of correctness. — Bertrand Russell
Marshall's crime is to pretend to handle imperfect competition with tools only applicable to perfect competition. — Paul Samuelson
I'il n'est pas en notre pouvoir de changer la nature des choses. Il faut les йtudier telles qu'elles sont. — Jean-Baptiste Say
...course titles and even course descriptions often fail to reveal what is actually taught (much less learned)... — Unknown Author
It is however always important to remember that the ability to see things in their correct perspective may be, and often is, divorced from the… — Joseph A. Schumpeter
Besides, do any of us understand what we are doing? If we did, would we ever do it? — George Bernard Shaw
There is a history of mathematical models of oligopolistic competition dating from Cournot to the theory of games. There is also a literature generated by… — Unknown Author
The discipline of colleges and universities is in general contrived, not for the benefit of the students, but for the interest, or more properly speaking,… — Adam Smith
But part of the job of economics is weeding out errors. That is much harder than making them, but also more fun. — Robert Solow

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