Astrology Quote by John Kenneth Galbraith
“The only function of economic forecasting is to make astrology look respectable.”
About This Quote
Source Book: The Affluent Society, 1958
Economic forecasts often lack rigor, making pseudoscience seem credible.
In simple terms: Forecasts can seem like astrology.
Key Takeaway
Demand evidence‑based predictions.
Themes
economics
forecasting
skepticism
Mood
critical
skeptical
Type
analytical
commentary
When to use this quote
- policy planning
- investment decisions
- academic research
Key Concepts
methodology
bias
validation
Questions to Reflect On
- How can we improve forecast reliability?
- What safeguards prevent misuse?
A Different Perspective
Predictions may still influence markets despite flaws.
