Choices Quote by John Kenneth Galbraith

Economics is a highly sophisticated field of thought that is superb at explaining to policymakers precisely why the choices they made in the past…

— Ben Bernanke

It is my guiding confession that I believe the greatest error in economics is in seeing the economy as a stable, immutable structure.

— John Kenneth Galbraith

“We should by now have learned that politics remains national, even if economics does not: the history of the 20th century offers copious evidence…

— Tony Judt

“When we think about an economic problem, the first answer that occurs to us is not always the correct one.”

— Jean Tirole

In the usual (though certainly not in every) public decision on economic policy, the choice is between courses that are almost equally good or…

— John Kenneth Galbraith

[E]conomic history is a long record of government policies that failed because they were designed with a bold disregard for the laws of economics

— Ludwig von Mises

Economic policy that adheres to the tenets of orthodoxy while failing to deliver for large sections of society is doomed to fail.

— Arancha Gonzalez

History shows that where ethics and economics come in conflict, victory is always with economics.

— B. R. Ambedkar

Economists have the correct insight that economics is a theory of choice, the key to the story is the variety of options and centralised…

— Douglass North

Economics brings into view that conflict of choice is one of the permanent characteristics of human existence.

— Lionel Robbins, Baron Robbins

I should like to suggest to you that the cause of all the economic troubles is that we have an economic system which tries…

— Paul Dirac

It's not a choice between our environment and our economy; it's a choice between prosperity and decline.

— Barack Obama