Accepted Quote by Paul Samuelson

Most intellectuals outside the field of economics show remarkably little interest in learning even the basic fundamentals of economics. Yet they do not hesitate…

— Thomas Sowell

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

...even professors of economics, to say nothing of the public, do not generally have scientific minds.

— Frank Knight

“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

Economics is not an exact science.

— John Kenneth Galbraith

Contrary to what professional economists will typically tell you, economics is not a science. All economic theories have underlying political and ethical assumptions, which…

— Ha-Joon Chang

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

Unless the fundamental categories of economics such as 'property' were to be redefined in a radically personal way the liberal rationalist curse which had…

— John Carroll

“For far too long, economists have neglected the distribution of wealth, partly because of Kuznets’s optimistic conclusions and partly because of the profession’s undue…

— Thomas Piketty

Modern economic thinking...is peculiarly unable to consider the long term and to appreciate man's dependence on the natural world.

— E. F. Schumacher

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

— Henry Hazlitt

It has been shown that, in contrast to everything which classical national economy has hitherto taught, not the producer but the consumer is the…

— Hjalmar Schacht