Economics Quote by Kenneth Arrow Download Open image “The MD is well aware that the forecasts are no good but he needs them for planning purposes ...” — Kenneth Arrow ★ ★ ★ ★ ★ 3.8 out of 5 (4 ratings) Copy quoteShare Economics Forecasts Needs Planning Purpose Wells
Forecasts may tell you a great deal about the forecaster; they tell you nothing about the future. — Warren Buffett Copy Share Image
There are two kinds of forecasters: those who don’t know, and those who don’t know they don’t know. — John Kenneth Galbraith Copy Share Image
Forecasts are difficult to make-particularly those about the future. — Samuel Goldwyn Copy Share Image
The future is better dealt with using assumptions than forecasts. — Russell L. Ackoff Copy Share Image
Any thinking person is qualified to be a forecaster, and in fact, everybody does it every day. — Paul Saffo Copy Share Image
“Making specific forecasts in uncertain situations was, is, and will always be problematic and often misleading. This lesson stands today. The bigger the potentially… — Bryan Norcross Copy Share Image
Forecasts usually tell us more of the forecaster than of the forecast — Warren Buffett Copy Share Image
Pundits forecast not because they know, but because they are asked. — John Kenneth Galbraith Copy Share Image
It is not for us to forecast the future, but to shape it. — Antoine de Saint-Exupery Copy Share Image
The health care provisions are presumably for individuals. And whoever pays for them, whether it's paid by the individual, state, whatever, the value is… — Kenneth Arrow Copy Share Image
From the time I first understood economic principles, I was always concerned also that any system be operated on an efficient basis, which meant… — Kenneth Arrow Copy Share Image
Knowledge is a free good. The biggest cost in its transmission is not in the production or distribution of knowledge, but in its assimilation.… — Kenneth Arrow Copy Share Image
Family is a difficult matter. I must admit I do not know that the state can intervene successfully in a family. It's a fact… — Kenneth Arrow Copy Share Image
The trouble is that the risks that are being hedged very well by new financial securities are financial risks. And it appears to me… — Kenneth Arrow Copy Share Image
One way of looking at Impossibility Theorem is that we proposed some criteria for what a good system should be: what is it you… — Kenneth Arrow Copy Share Image
In The United States, the only real change I know has been Instant Runoff, which is usually applied to municipal elections. I see no… — Kenneth Arrow Copy Share Image
I do sense, as compared with let's say the early '50s, there's somewhat more of a careerism. I don't think it's anything special to… — Kenneth Arrow Copy Share Image
The switch to the market in Eastern Europe, of course, has not exactly been one of the greatest advertisements for the market. There's no… — Kenneth Arrow Copy Share Image
I think the development of the venture capital system has been an example of something which is a successful improvement in risk-bearing. It doesn't… — Kenneth Arrow Copy Share Image
I think the idea that a society has to be responsible for all of its citizens, those who do well and those who do… — Kenneth Arrow Copy Share Image
Don't let's lose sight of what creates wealth. It is open markets, it is capitalism. — Rupert Murdoch Copy Share Image
Crony capitalism is essentially a condition in which... public officials are giving favours to people in the private sector in payment of political favours. — Alan Greenspan Copy Share Image
Advances in technology will continue to reach far into every sector of our economy. Future job and economic growth in industry, defense, transportation, agriculture,… — Christopher Bond Copy Share Image
Our engagement through international economics, trade, these trade agreements, is vital and is linked to our national security. This is a lesson we learned… — Charles Boustany Copy Share Image
“The free-market economy and globalisation process have brought about, in the late twentieth and early twenty-first century, a sharp and sudden rise in the… — Yaakov Malkin Copy Share Image
“Everything economic science posits as given, that is, the range of dispositions of the economic agent which ground the illusion of the ahistorical universality… — Pierre Bourdieu Copy Share Image
Politics is about power. It is about the power of the state. It is about the power of the state as applied to individuals,… — Kevin Rudd Copy Share Image
“a select group of high-performing companies have managed to close the strategy-to-performance gap through better planning and execution. These companies—Barclays, Cisco Systems, Dow Chemical,… — Michael C. Mankins Copy Share Image
The system of private property is the most important guaranty of freedom, not only for those who own property, but scarcely less for those… — Friedrich August von Hayek Copy Share Image
The politician attempts to remedy the evil by increasing the very thing that caused the evil in the first place: legal plunder. — Frederic Bastiat Copy Share Image
“Economists have a singular method of procedure. There are only two kinds of institutions for them, artificial and natural. The institutions of feudalism are… — Karl Marx Copy Share Image