Analysis Quote by Daniel Kahneman

But the system of prices ruling the market not only transmits information in the light of which economic agents can mutually adjust their actions,…

— Michael Polanyi

Modern economics is sick. Economics has increasingly become an intellectual game played for its own sake and not for its practical consequences for understanding…

— Mark Blaug

Economics really pervert every possible good thing that comes, whether it's food or a cure or a new technological advancement; anything like that is…

— Renee Elise Goldsberry

Economists create their own worlds. We're like little gods with our artificial economics, wanting to see what happens.

— Edward C. Prescott

Economics is haunted by more fallacies than any other study known to man. This is no accident. The inherent difficulties of the subject would…

— Henry Hazlitt

So we don't need more top-down economics. We've tried that theory. We've seen what happens. We can't afford to go back to it.

— Barack Obama

How is it that we have created an economic system that tells us it is cheaper to destroy the earth and exhaust its people…

— Paul Hawken

“Economics may not fundamentally be about value creation in real business. At its best it may be an idealized and abstract view of markets…

— Freeman et al

What good does the theory [of economics] do if it is not working for people?

— Muhammad Yunus

Economists may not know how to run the economy, but they know how to create shortages or gluts simply by regulating prices below the…

— Milton Friedman

It gives evolutionary biologists great status if they champion competition and the economists have to consult them. The economists have to consult the evolutionary…

— Greg Graffin

If you go back to Adam Smith, you find the idea that markets and market forces operate as an invisible hand. This is the…

— Michael Sandel