Conditions Quote by Sir John Richard Hicks

Our conviction that the world is meaningless is due in part to the fact (discussed in a later paragraph) that the philosophy of meaningless…

— Aldous Huxley

What passes for optimism is most often the effect of an intellectual error.

— Raymond Aron

Traditional economics is based on imaginary creatures sometimes referred to as 'Homo economicus.' I call them Econs for short. Econs are amazingly smart and…

— Richard Thaler

One of the main effects (I will not say purposes) of orthodox traditional economics was ... a plan for explaining to the privileged class…

— Joan Robinson

In the world of traditional economics, it shouldn't matter whether you use an opt-in or opt-out system. So long as the costs of registering…

— Richard Thaler

The Panic of 1819 exerted a profound effect on American economic thought. As the first great financial depression, similar to a modern expansion-depression pattern,…

— Murray Rothbard

“The appeal to the intellectually insecure is also more important than it might seem. Because economics touches so much of life, everyone wants to…

— Paul Krugman

“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

It is impossible to understand the history of economic thought if one does not pay attention to the fact that economics as such is…

— Ludwig von Mises

Almost all systems of economic thought are premised on the idea of continued economic growth, which would be fine and dandy if we lived…

— George Monbiot

Economics is haunted by more fallacies than any other study known to man. This is no accident. The inherent difficulties of the subject would…

— Henry Hazlitt

Metaphysical fallacies contain the only clues we have to what thinking means to those who engage in it.

— Hannah Arendt