Always Quote by Simon Kuznets

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

Beware of economists who hide assumptions.

— Anat R. Admati

Economists who adhere to rational-expectations models of the world will never admit it, but a lot of what happens in markets is driven by…

— Robert J. Shiller

Economists often like startling theorems, results which seem to run counter to conventional wisdom.

— Joseph Stiglitz

“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

Unlike physics, economists don't settle things. There seems to be plenty of room for different conclusions that are still accepted in the academy.

— Adam Davidson

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

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

— Edward C. Prescott

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

“Economists are all too often preoccupied with petty mathematical problems of interest only to themselves. This obsession with mathematics is an easy way of…

— Thomas Piketty

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

— Joan Robinson

When ideas are confronted with reality, there will always be surprises.

— Boyan Slat