Academic Quote by Paul Ormerod

...the institutional arrangement whereby most professional economists are heavily burdened with teaching and administrative duties may militate against a sufficient admixture of the more…

— Sir Henry Roy Forbes Harrod

Economists operate with this image of the homo economicus, the rational economic agent, and while such agents are rare in the wider world, they…

— Thomas Pogge

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

In a world where for pedagogic and other purposes a very large number of economists is required, an arrangement which discourages many of them…

— John Kenneth Galbraith

Whether we like it or not, it is a fact that economics cannot remain an esoteric branch of knowledge accessible only to small groups…

— Ludwig von Mises

It is a misfortune of the times that all of us must needs be amateur economists-including, and perhaps especially, the professionals.

— Benjamin Graham

“They (economists) must set aside their contempt for other disciplines and their absurd claim to greater scientific legitimacy, despite the fact that they know…

— Thomas Piketty

“extreme specialization prevents scholars from developing a perspective.”

— Stefan Klein

“the ideas of economists and political philosophers, both when they are right and when they are wrong, are more powerful than is commonly understood.…

— John Maynard Keynes

“Economics ought to be a magpie discipline, taking in philosophy, history and politics. But heterodox approaches have long since been banished from most faculties,…

— Aditya Chakrabortty

Economists want their discipline to be a science, and they have nailed down a few precepts, but many of their debates are still clouded…

— Nathan Myhrvold

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

— William Stanley Jevons