Economic Quote by Thomas Balogh, Baron Balogh

It is thus hardly surprising that so many of the great minds in recent history have concerned themselves with economic matters. Indeed, they have…

— Paul Zane Pilzer

Economic history is a never-ending series of episodes based on falsehoods and lies, not truths. It represents the path to big money. The object…

— George Soros

Existing economics is a theoretical system which floats in the air and which bears little relation to what happens in the real world.

— Ronald Coase

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

— Ronald Reagan

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

— Muhammad Yunus

It is impossible to understand the economic system in which we are living if we try to interpret it as a rational scheme.It has…

— Edwin Arlington Robinson

Economic theory has demonstrated in an irrefutable way that a prosperity created by an expansionist monetary and credit policy is illusory and must end…

— Ludwig von Mises

There is much of economic theory which is pursued for no better reason than its intellectual attraction; it is a good game. We have…

— Sir John Richard Hicks

“Everything economic science posits as given, that is, the range of dispositions of the economic agent which ground the illusion of the ahistorical universality…

— Pierre Bourdieu

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

The purpose of economic theory is to make those who are comfortable FEEL comfortable.

— Thomas Balogh, Baron Balogh

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