Economics Quote by Joan Robinson

Economics runs the world.

— Machine Gun Kelly

“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

“There has always been a temptation to classify economic goods in clearly defined groups, about which a number of short and sharp propositions could…

— Alfred Marshall

Economics is a subject profoundly conducive to cliche, resonant with boredom. On few topics is an American audience so practiced in turning off its…

— John Kenneth Galbraith

Economics is haunted by more fallacies than any other study known to man

— Henry Hazlitt

Before economics can progress, it must abandon its suicidal formalism.

— Robert Heilbroner

“Many despise economy, confounding it with stinginess and narrowness. But economy is consistent with the broadest liberality. Indeed, without economy, there can be no…

— Ellen G. White

“The social function of economic science consists precisely in developing sound economic theories and in exploding the fallacies of vicious reasoning. In the pursuit…

— Ludwig Von Mises

“We both approach the world as economists, and as economists resigned to - and sometimes even reveling in - the character defect that diverts…

— Steven Landsburg

Economists can never be free of from difficulties unless they will distinguish between a theory and the application of a theory.

— William Stanley Jevons

Even those of us who do not understand the nuances of economics have come to accept that reform cannot be bloodless. We are often…

— Barkha Dutt

Years ago, I noticed one thing about economics, and that is that economists didn't get anything right.

— Nassim Nicholas Taleb