--- title: "Meaning & Key Takeaway of: I think the association of economics with…" description: "\"I think the association of economics with forecasting is unfortunate and is down to the fact that one great way to get an investment bank's name on bus..." image: "https://sms4smile.com/quotes/i/41c/tim-harford-12481_association_i-think-the-association-of-economics-wit_347230.png" --- # I think the association of economics with forecasting is… ![“I think the association of economics with forecasting is unfortunate and is down to the fact that one great way to get an investment bank's name on business television is to hire a guy called a Chief Economist who will go and prognosticate.” quote by Tim Harford](https://sms4smile.com/quotes/i/41c/tim-harford-12481_association_i-think-the-association-of-economics-wit_347230.png) [Download](https://sms4smile.com/quotes/i/41c/tim-harford-12481_association_i-think-the-association-of-economics-wit_347230.png) [Open image](https://sms4smile.com/quotes/i/41c/tim-harford-12481_association_i-think-the-association-of-economics-wit_347230.png) > “I think the association of economics with forecasting is unfortunate and is down to the fact that one great way to get an investment bank's name on business television is to hire a guy called a Chief Economist who will go and prognosticate.” [Tim Harford](https://sms4smile.com/quotes/author/tim-harford/) ## About This Quote This interpretation was drafted with AI assistance. It is one reading of the quote, not the author's own explanation. Linking economics to forecasting creates a false sense of certainty, as predictions often serve media and corporate branding rather than genuine insight. **In simple terms:** Economics is often misused for showy predictions. Key Takeaway Questionify economic forecasts. Themes economics forecasting media branding Mood critical inquisitive Type analytical commentary When to use this quote - financial analysis - policy advising - media commentary Key Concepts prediction bias public perception corporate influence Questions to Reflect On - Why do audiences trust economic forecasts? - What responsibilities do economists have? A Different Perspective Predictions can be misleading without context. ★ ★ ★ ★ ★ No ratings yet [Business](https://sms4smile.com/quotes/about/business/) [Economics](https://sms4smile.com/quotes/about/economics/) [Economist](https://sms4smile.com/quotes/about/economist/) [Investing](https://sms4smile.com/quotes/about/investing/) [Investment](https://sms4smile.com/quotes/about/investment/) [Television](https://sms4smile.com/quotes/about/television/) ## Related quotes > [The Federal Reserve is not currently forecasting a recession.](https://sms4smile.com/quotes/ben-bernanke/the-federal-reserve-is-not-currently-forecasting-a-recession/) [Ben Bernanke](https://sms4smile.com/quotes/author/ben-bernanke/) > [I'm concerned with the world economy, I'm a specialist in forecasting in that area, and I have a lot of influence in that area,…](https://sms4smile.com/quotes/lyndon-larouche/i-m-concerned-with-the-world-economy-i-m-a-specialist-in-forecasting/) [Lyndon LaRouche](https://sms4smile.com/quotes/author/lyndon-larouche/) > [Forecasting is simply not a strength of the species; we are much better with tools and narrative storytelling.](https://sms4smile.com/quotes/barry-ritholtz/forecasting-is-simply-not-a-strength-of-the-species-we-are-much/) [Barry Ritholtz](https://sms4smile.com/quotes/author/barry-ritholtz/) > [I have seen the future and it's like the present, only longer.](https://sms4smile.com/quotes/dan-quisenberry/i-have-seen-the-future-and-it-s-like-the-present-only-longer/) [Dan Quisenberry](https://sms4smile.com/quotes/author/dan-quisenberry/) > [I think that intelligent forecasting (company revenues, earnings, etc.) should not seek to predict what will in fact happen in the future. 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