Economics Quote by Ha-Joon Chang

“95% of economics is common sense”

— Ha-Joon Chang

95% of Economics is common sense deliberately made complicated.

— Ha-Joon Chang

95 percent of economics is common sense made complicated, and even for the remaining 5 percent, the essential reasoning, if not all the technical…

— Ha-Joon Chang

“Economics is organized common sense.”

— Thomas Sargent

“But to the modern mind, resonating with different media-metaphors, the truth in economics is believed to be best discovered and expressed in numbers. Perhaps…

— Neil Postman

The narrative related to economics is, I think, very well understood even by the common man.

— Nirmala Sitharaman

“Mathematics is common sense.”

— Jordan Ellenberg

“The economics we need is of the "seminar room" variety, not the "rule-of-thumb" kind. It is an economics that recognizes its limitations and caveats…

— Dani Rodrik

“None of this excuses anyone from mastering the basic ideas and terminology of economics. The intelligent layman must expect also to encounter good economists…

— John Kenneth Galbraith

“To put it bluntly, the discipline of economics has yet to get over its childish passion for mathematics and for purely theoretical and often…

— Thomas Piketty

Too large a proportion of recent "mathematical" economics are mere concoctions, as imprecise as the initial assumptions they rest on, which allow the author…

— John Maynard Keynes

“Economists are all too often preoccupied with petty mathematical problems of interest only to themselves. This obsession with mathematics is an easy way of…

— Thomas Piketty