Investing Quote by Tony Judt

Economic planning is nothing more than the forcible superseding of other people's plans by the powerful elite backed up by the brute force of…

— Walter E. Williams

Keynes was a very good economist. He was brilliant. He had wonderful insights. His work has inspired me many times.

— Thomas J. Sargent

Keynes was a great economist. In every discipline, progress comes from people who make hypotheses, most of which turn out to be wrong, but…

— Milton Friedman

Keynes tried to show that market economies could settle in equilibrium states in which the labour market did not clear, and in which the…

— Paul Ormerod

Why should we engage in economic planning

— George Reisman

“His story also demonstrates an obscure truth. Having a plan, any plan, means you know on some level you're going to fail, you're in…

— Sam Munson

“Central planning inevitably leads to economic chaos and failure. Friedrich Hayek called the delusion that a single person or a group of government planners…

— Ziad K. Abdelnour

“The task of the economist is not merely, as in equilibrium theory, to examine the logical consistency of various modes of action, but to…

— Ludwig Lachmann

“Keynes declared capitalism the best system ever devised to achieve a civilized economic society. But he recognized in it two major faults—“its failure to…

— Robert B. Reich

“Keynes knew perfectly well that fascist economic policy could never have succeeded in the long-run without war, occupation and exploitation.”

— Tony Judt

Foresight is an imperfect thing - all prevision in economics is imperfect.

— John Kenneth Galbraith