Academic Quote by Joseph Stiglitz

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

— William Stanley Jevons

Economists have provided capitalists with a comforting concept called the "free market." It does not describe any part of reality, at any place or…

— Edward S. Herman

If economists were to wait for careful studies before offering opinions about policy, we would never have anything timely to say.

— Raghuram Rajan

Every market has some rules and boundaries that restrict freedom of choice. A market looks free only because we so unconditionally accept its underlying…

— Ha-Joon Chang

“Free markets are necessary to promote long-term growth, but they are not self-regulating, particularly when it comes to banks and other large financial institutions.”

— Francis Fukuyama

“Our fundamental economic beliefs, which we have elevated from a conviction based on observation to an unquestioned truism, is that the free market is…

— Andy Grove

The free market doesn't exist. Every market has some rules and boundaries that restrict freedom of choice. A market looks free only because we…

— Ha-Joon Chang

There is no such thing as economics, only social science applied to economic problems.

— Kenneth E. Boulding

Let's face a historical truth: we have never had a "free market", we have always had government intervention in the economy, and indeed that…

— Howard Zinn

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

— Nassim Nicholas Taleb

“decisions made by economic actors (households, firms, the state) are constrained by limited information.”

— Jean Tirole

Mainstream economics scholarship produces theory without facts (pure theory) and facts without theory

— Michel Chossudovsky