Application Quote by William Stanley Jevons

For Marx, 'pure' economic theory, that is economic theory which abstracts from a specific social structure, is impossible.

— Ernest Mandel

They [free market policies] were never based on solid empirical and theoretical foundations, and even as many of these policies were being pushed, academic…

— Joseph Stiglitz

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

— Ronald Reagan

If all the economists were laid end to end, they'd never reach a conclusion.

— George Bernard Shaw

You can't run a business or anything else on a theory.

— Harold S. Geneen

observation of realities has never, to put it mildly, been one of the strengths of economic development theory.

— Jane Jacobs

Economists create their own worlds. We're like little gods with our artificial economics, wanting to see what happens.

— Edward C. Prescott

Unlike physics, for example, such parts of the bare bones of economic theory as are expressible in mathematical form are extremely easy compared with…

— John Maynard Keynes

When better business decisions are made, economists won't make them.

— Anonymous

Economists get impatient with philosophy. They are often trained as skilled mathematicians. They don't like going back to ordinary language and first principles.

— Martha C. Nussbaum

All economists should be locked up until they admit that they don't know what they're talking about.

— Andy Rooney

In economic theory the conclusions are sometimes less interesting than the route by which they are reached.

— Piero Sraffa