Air Quote by Ronald Coase

Economists create their own worlds. We're like little gods with our artificial economics, wanting to see what happens.

— Edward C. Prescott

Economists are people who wonder if what works in reality can also work in theory.

— Ronald Reagan

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

What good does the theory [of economics] do if it is not working for people?

— Muhammad Yunus

Economics is a strange science. Our subject deals with some of the most important as well as mundane issues that impinge on the human…

— Dale T. Mortensen

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

We need to abandon the economist's notion of the economy as a machine, with its attendant concept of equilibrium. A more helpful way of…

— Paul Ormerod

“Economics may not fundamentally be about value creation in real business. At its best it may be an idealized and abstract view of markets…

— Freeman et al

Economics must not be relegated to classrooms and statistical offices and must not be left to esoteric circles. It is the philosophy of human…

— Ludwig von Mises

The modern history of economic theory is a tale of evasions of reality.

— Thomas Balogh, Baron Balogh

“Neoclassical economics has effectively insulated itself from the great advances made in science and engineering over the last 40 years. This self-imposed isolation must…

— Steve Keen

Economics runs the world.

— Machine Gun Kelly