Comfortable Quote by Thomas Balogh, Baron Balogh

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

— Muhammad Yunus

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

“The core premise of economic theory is that people choose by optimizing.”

— Richard H. Thaler

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

— Thomas Balogh, Baron Balogh

Good economic theory must give the people the chance to use their talents to build their own lives. We must get away from the…

— Muhammad Yunus

I am saying that the economic approach provides a valuable unified framework for understanding all human behaviour

— Gary Becker

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

Classic economic theory, based as it is on an inadequate theory of human motivation, could be revolutionized by accepting the reality of higher human…

— Abraham Maslow

One of the big take-aways from a lot of economic theory is that people should engage in consumption smoothing.

— Emily Oster

I want a theory to come out to guide policy.

— Fred D'Aguiar

“I began to have deviant thoughts about economic theory while I was a graduate student”

— Richard H. Thaler

Conventional economic theory... counts the depletion of resources as the accumulation of wealth.

— Mark Lynas