Economics Quote by John Kenneth Galbraith

It is impossible to understand the history of economic thought if one does not pay attention to the fact that economics as such is…

— Ludwig von Mises

The problem is, of course, that not only is economics bankrupt but it has always been nothing more than politics in disguise ... economics…

— Hazel Henderson

“...capitalism is too important and complex a subject to be left to economists. Achieving a critical comprehension of it requires perspectives beyond those characteristic…

— Jerry Z. Muller

Few economic problems, if any, are difficult of solution. The difficulty, all but invariably, is in confronting them. We know what needs to be…

— John Kenneth Galbraith

Much of the profession is empirically bankrupt because it is no longer taught economic history.

— Charles P. Kindleberger

Economists tend to think they are much, much smarter than historians, than everybody. And this is a bit too much because at the end…

— Thomas Piketty

Whether we like it or not, it is a fact that economics cannot remain an esoteric branch of knowledge accessible only to small groups…

— Ludwig von Mises

The problem is a lot of what is called economics is not economics. It is more ideology or religion.

— Joseph Stiglitz

I started by saying that one of the most fateful errors of our age is the belief that the problem of production has been…

— E. F. Schumacher

Failure is inevitable; it happens all the time in a complex economy.

— Tim Harford

By any reasonable criteria, the discipline of economics as a whole, in its present state, is sadly lacking.

— Paul Ormerod

Politics, as any observer of the modern world knows, is the enemy of economics, everywhere and always.

— John Derbyshire