Ronald Coase Quotes

Conventional economics is a form of brain damage. Economics is so fundamentally disconnected from the real world, it is destructive.

For economist the real world is often a special case.

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

Studying economics is not a good preparation for dealing with it.

Nothing in these abstract economic models actually works in the real world. It doesn't matter how many footnotes they put in, or how many ways they tinker around the edges. The whole enterprise is totally rotten at the core: it has no relation to reality.

The whole intention of empirical economics is to force theory down to Earth.

The primary role of the economist is to find out the truth about the real world.

The real world is much smaller than the imaginary

The modern history of economic theory is a tale of evasions of reality.

Economics, over the years, has become more and more abstract and divorced from events in the real world. Economists, by and large, do not study the workings of the actual economic system. They theorize about it. As Ely Devons, an English economist, once said in a meeting: 'If economists wanted to study the horse, they wouldn't go around and look at horses. They'd sit in their studies and say to themselves, 'What would I do if I were a horse?' '

Of all the things I am not very good at, living in the real world is perhaps the most outstanding.

I don't care very much for the People Magazine approach to applied economics.

For me, a good thriller must teach me something about the real world.

If there can be a better way for the real world to include the one of images, it will require an ecology not only of real things but of images as well.

Cyberspace still exists at the pleasure of the real world.

As I have been arguing for a long time now, there is a real need not simply for a political economy of wealth but also for a political economy of speed.

Political Economy or Economics is a study of mankind in the ordinary business of life.

Economics is not a morality play.

None of us like violence in the real world, but we're fascinated with it onscreen.

Economists are generally negligent of their heroes.

I go to the real world, not the Internet.

An economist is someone who knows all the answers to last years' questions.

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

Most economics that is taught in college and universities today projects itself as a value-neutral science. This claim has always been open to question, but I think it's especially in doubt today.

In economics, unlike fiction and the theater, there is no harm in a premature disclosure of the plot: it is to see the changes just mentioned and others as an interlocked whole.