Answers Quote by John Kenneth Galbraith

I think there is universal agreement within the economics profession that the decline - the sharp decline in the quantity of money played a…

— Milton Friedman

“Economists who simply advised leaving the economy alone, governments whose first instincts, apart from protecting the gold standard by deflationary policies, was to stick…

— Eric J. Hobsbawm

I don't think that any economist disputes that we're in the worst economic crisis since the great depression. The good news is that we're…

— Barack Obama

Economists got away from really questioning how the world works, how decisions actually got made. If something doesn't conform to neoclassical models ... people…

— W. Brian Arthur

The Great Depression was not a sign of the failure of monetary policy or a result of the failure of the market system as…

— Milton Friedman

As far as I can find, almost no one in the profession - not even luminaries like John Maynard Keynes, Friedrich Hayek, or Irving…

— Robert J. Shiller

Understanding the true causes of the Depression, as well as the real economic record of the United States in the 1930s, is an essential…

— Thomas Woods

Until the Great Depression, most economists clung to a vision of capitalism as a perfect or nearly perfect system. That vision wasn’t sustainable in…

— Paul Krugman

“Yet just eighty years ago it still seemed an impossible mission when U.S. President Herbert Hoover was tasked with beating back the Great Depression…

— Rutger Bregman

But if, if you take a look at what would have happened, I mean, do we need to see soup lines down the street…

— Alexi Giannoulias

In the large sense the primary cause of the Great Depression was the war of 1914-1918. Without the war there would have been no…

— Herbert Hoover

One intriguing subplot of the economic crisis is the failure of most economists to predict it. Here we have the most spectacular economic and…

— Robert J. Samuelson