Economist Quote by Nassim Nicholas Taleb

Economists are about as useful as astrologers in predicting the future (and, like astrologers, they never let failure on one occasion diminish certitude on…

— Arthur M. Schlesinger, Jr

most economists, like doctors, are reluctant to make predictions, and those who make them are seldom accurate. The economy, like the human body, is…

— Alice Rivlin

Economists did something even better than predict the crisis. We correctly predicted that we would not be able to predict it.

— William Easterly

Economists tend to think they are much, much smarter than historians, than everybody. And this is a bit too much because at the end…

— Thomas Piketty

If all the economists in the world were laid end to end, it wouldn't be a bad thing.

— Peter Lynch

“Governments are wasting billions of dollars on attempting to predict events that are produced by interdependent systems and are therefore not statistically understandable at…

— Nassim Nicholas Taleb

“The mathematical economists have commonly been mathematicians first and economists afterward, disposed to oversimplify the data and underestimate the divergence between their premises and…

— Frank H. Knight

Question: Why does anyone bother to listen to economists anymore? The profession has become an embarrassment, and the most respected economists have shown themselves…

— Stephen Moore

Economists have allowed themselves to walk into a trap where we say we can forecast, but no serious economist thinks we can.

— Tim Harford

Economics is haunted by more fallacies than any other study known to man

— Henry Hazlitt

What do you call an economist with a prediction? Wrong.

— Robert Kuttner

Modern economics is sick. Economics has increasingly become an intellectual game played for its own sake and not for its practical consequences for understanding…

— Mark Blaug