Economics Quote by Thomas Sowell

Economics is haunted by more fallacies than any other study known to man

— Henry Hazlitt

The biggest public fallacy is that the market is always right. The market is nearly always wrong. I can assure you of that.

— Jim Rogers

Market prices are always wrong in the sense that they present a biased view of the future.

— George Soros

People are always saying that prices are too high. When they turn out to be right, we anoint them. When they turn out to…

— Eugene Fama

Economists often get the market wrong.

— Kapil Sibal

The much-maligned price system works not only to secure supply but to conserve. [...] Profits and prices are the street signs of the economy.…

— Ilana Mercer

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

The opinions that the price of commodities depends solely on the proportion of supply and demand, or demand to supply, has become almost an…

— David Ricardo

“Analyzing prices is not wrong. However, picking inflated prices as your only source of information is terrible.”

— Naved Abdali

Most economic fallacies derive from the tendency to assume that there is a fixed pie, that one party can gain only at the expense…

— Milton Friedman

The problem is, to have prices fall would work fine if we didn't have all these built in rigidities on downward prices, because then…

— Charles Koch

Every short statement about economics is misleading (with the possible exception of my present one).

— Alfred Marshall