Disregard Quote by Ludwig von Mises

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

“So why has this potentially self-destructive system of economic arrangements lasted? Probably because of habits of restraint, honesty and moderation which accompanied its emergence.”

— Tony Judt

To see economic policy as a problem of choice between rival ideologies is the greatest error of our time.

— 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

Economic policies need to be analyzed in terms of the incentives they create, rather than the hopes that inspired them.

— Thomas Sowell

Economic history is the most fundamental branch of history; not the most important. Foundations exist to carry better things.

— John Clapham

“We both approach the world as economists, and as economists resigned to - and sometimes even reveling in - the character defect that diverts…

— Steven Landsburg

Economic policies absorb almost the entire attention of government, and at the same time become ever more impotent. The simplest things, which only fifty…

— E. F. Schumacher

“History is, after all, something that happened to people. No 'force' whether economic or political can act except as it acts through the minds…

— Priscilla Smith Robertson

“No social legislation can ever be final. Economic conditions are in a constant state of fluctuation, and periods of tranquility are followed by renewed…

— Joseph Casper Husslein

“This is a relatively recent phenomenon, this notion that government inevitably leads to dependency. Look, there were periods of time in our history when…

— David Blum

The problem of the modern economy is not a failure of a knowledge of economics; it's a failure of a knowledge of history.

— John Kenneth Galbraith