Economist Quotes

• The curious task of economics is to demonstrate to men how little they really know about what they imagine they can design.

  Friedrich August von Hayek

  Men, Design, Liberty

  "The Fatal Conceit: The Errors of Socialism". Book by Friedrich Hayek. Chapter 5: "The Fatal Conceit", 1988.

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• The economists will have to revise their theories of value.

  Albert Einstein

  Theory, Values

  Albert Einstein (2010). “The Ultimate Quotable Einstein”, p.455, Princeton University Press

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• People are beginning to understand there is nothing in the world so remote that it can't impact you as a person. It's not just diseases. Economists are now beginning to say if we are going to have good markets in Africa, we're going to have to have healthy people in Africa.

  William Foege

  Impact, People, Healthy

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• Economists say the inability to delay gratification is a primary predictor of economic failure in life.

  Brian Tracy

  Inability, Delay, Economic

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• The only function of economic forecasting is to make astrology look respectable.

  John Kenneth Galbraith

  Astrology, Looks, Economic

  "Biography/ Personal Quotes". www.imdb.com.

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• An economist is an expert who will know tomorrow why the things he predicted yesterday didn't happen today.

  Laurence J. Peter

  Funny, Business, Future

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• A friend of mine was asked to a costume ball a short time ago. He slapped some egg on his face and went as a liberal economist.

  Ronald Reagan

  Eggs, Political, Balls

  Ronald Reagan (2004). “Speaking My Mind: Selected Speeches”, p.424, Simon and Schuster

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• In economics, the majority is always wrong.

  John Kenneth Galbraith

  Inspirational, Majority, Investing

  John Kenneth Galbraith (1969). “Ambassador's Journal”

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• No real English gentleman, in his secret soul, was ever sorry for the death of a political economist.

  Walter Bagehot

  Sorry, Real, Political

  'Estimates of some Englishmen and Scotchmen' (1858) 'The First Edinburgh Reviewers'

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• When the facts change, I change my mind.

  John Maynard Keynes

  Business, Mind, Facts

  "The Keynes Centenary". "The Economist" (Vol. 287, p. 19), 1983.

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• Economics is extremely useful as a form of employment for economists.

  John Kenneth Galbraith

  Government, Home Economics, Employment

  "Biography/ Personal Quotes". www.imdb.com.

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• For economist the real world is often a special case.

  Edgar Fiedler

  Real, Special, World

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• Ask five economists and you'll get five different answers - six if one went to Harvard.

  Edgar Fiedler

  Business, Insperational, Hands

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• There is nothing an economist should fear so much as applause.

  Herbert Marshall

  Should, Applause

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• I believe that economists put decimal points in their forecasts to show they have a sense of humor.

  William Gilmore Simms

  Believe, Humor, Shows

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

  George Bernard Shaw

  Money, Business, Saving

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• I don't want to get into the 'who's a hostage-taker' discussion here, but what is the estate tax? It's a double tax on death. Economists will tell you that it's really not a tax that soaks the rich, but it's a tax on capital that deprives business investment and therefore job creation.

  Paul Ryan

  Jobs, Want, Rich

  "Reps. Paul Ryan, Chris Van Hollen Talk Policy, Politics; Justice Stephen Breyer on New Book". "Fox News Sunday" with Chris Wallace, www.foxnews.com. December 12, 2010.

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• That subject has lost its one time appeal to economists as our science has become more abstract, but my interest has even grown more intense as the questions raised by the sociology of science became more prominent.

  George Stigler

  Science, Intense, Sociology

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• Well, you have the public not wanting any new spending, you have the Republicans not wanting any new taxes, you have the Democrats not wanting any new spending cuts, you have the markets not wanting any new borrowing, and you have the economists wanting all of the above. And that leads to paralysis.

  Michael Bloomberg

  Cutting, Republican, Spending

  "Meet The Press" with David Gregory, votesmart.org. August 1, 2010.

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• With more than 67 percent of the Nation's freight moving on highways, economists believe that our ability to compete internationally is tied to the quality of our infrastructure.

  Dennis Hastert

  Moving On, Believe, Quality

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

  Herbert V. Prochnow

  Business, Decision, Made

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• If all the economists in the world were laid end to end, it wouldn't be a bad thing.

  Peter Lynch

  World, Ends, Ifs

  Peter Lynch (2012). “One Up On Wall Street: How To Use What You Already Know To Make Money In”, p.85, Simon and Schuster

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• You and I come by road or rail, but economists travel on infrastructure.

  Margaret Thatcher

  Travel, Infrastructure, Rail

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• Economists often like startling theorems, results which seem to run counter to conventional wisdom.

  Joseph Stiglitz

  Running, Wisdom, Results

  Autobiographical Essay for the Sveriges Riksbank Prize in Economic Sciences in Memory of Alfred Nobel, www.nobelprize.org. 2001.

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• Economists report that a college education adds many thousands of dollars to a man's lifetime income - which he then spends sending his son to college.

  Bill Vaughan

  Funny, Money, Educational

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