Deficiency Quote by Robert H. Frank

Economics is concerned with what emerges, not what anyone intended.

— Thomas Sowell

The study of economics does not seem to require any specialised gifts of an unusually high order.

— John Maynard Keynes

Losses of a kind of satisfaction that have no market equivalent don't show up in the calculations of economists.

— Ivan Illich

By any reasonable criteria, the discipline of economics as a whole, in its present state, is sadly lacking.

— Paul Ormerod

Most academic economists know nothing of economy. In fact, they know little of anything.

— Edward Abbey

Economists don't seem to have noticed that the economy sits entirely within the ecology.

— Carl Safina

Market mechanisms are totally irrelevant when resources are used to serve a larger purpose, especially for the underserved, unserved, or marginalised.

— Kapil Sibal

No one is entertained by economics.

— Michael Moore

The role of the media in economic management is not often recognised even by professional economists. Politicians, however, ignore this at their own peril.

— Sanjaya Baru

No single piece of macroeconomic advice given by the experts to their government has ever had the results predicted.

— Peter Drucker

The principles governing the behavior of systems are not widely understood.

— Jay Wright Forrester

The concept of a general equilibrium has no relevance to the real world (in other words, classical economics is an exercise in futility).

— George Soros