Economics Quote by Paul Krugman

The study of economics has been again and again led astray by the vain idea that economics must proceed according to the pattern of…

— Ludwig von Mises

The point of studying economics is so as not to be fooled by economists.

— Joan Robinson

“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

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

— Henry Hazlitt

“To put it bluntly, the discipline of economics has yet to get over its childish passion for mathematics and for purely theoretical and often…

— Thomas Piketty

Economists get impatient with philosophy. They are often trained as skilled mathematicians. They don't like going back to ordinary language and first principles.

— Martha C. Nussbaum

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

...the discipline of economics has yet to get over its childish passion for mathematics and for purely theoretical and often highly ideological speculation, at…

— Thomas Piketty

Economics is haunted by more fallacies than any other study known to man. This is no accident. The inherent difficulties of the subject would…

— Henry Hazlitt

Economics pretends to be a science. Its practitioners fill blackboards with equations and clog computers with data. But it is really a faith, or…

— Alex Berenson

As a scholarly discipline, economics has always suffered from physics envy.

— Robert Kuttner

Since the global financial crisis and recession of 2007-2009, criticism of the economics profession has intensified. The failure of all but a few professional…

— Robert J. Shiller