Economic Expertise Quotes

It is no crime to be ignorant of economics, which is, after all, a specialized discipline and one that most people consider to be a 'dismal science.' But it is totally irresponsible to have a loud and vociferous opinion on economic subjects while remaining in this state of ignorance.

Every company that has an economist working for him has one employee too many.

In my wide travels across the world and my meetings with various heads of states, be that Africa or South Asia, Singapore or in high level meetings in the U.S., U.K. or Japan, one common mention is about Dr. Singh's extraordinary reputation as a Wise Man, an outstanding Economist and a fine Gentleman.

I'm a better economist than I was a sax player.

Economics was the only profession where a person could be considered an expert without having once been right.

Economics is a highly sophisticated field of thought that is superb at explaining to policymakers precisely why the choices they made in the past were wrong. About the future, not so much.

Most academic economists know nothing of economy. In fact, they know little of anything.

I am a woman, I am a housewife, I am a government official, I've been twice a government secretary, I've been leader of a parliamentary group, I am an economist.

As an economist specializing in the global economy, international trade and debt, I have spent most of my career helping others make big decisions - prime ministers, presidents and chief executives - and so I'm all too aware of the risks and dangers of poor choices in the public as well as the private sphere.

The idea that even the brightest person or group of bright people, much less the U.S. Congress, can wisely manage an economy has to be the height of arrogance and conceit.

You wouldn't want Alan Greenspan to write the instructions for assembling a beach chair.

Any man who is only an economist is unlikely to be a good one.

I am not an economist. I am an honest man!

Mitt Romney, happens to have the exact skill set that the next president's going to require.

I can't think of a president who has been overburdened by a knowledge of economics.

Right now we have an economy in trouble, and someone who spent their career in the economy is more suited to help fix the economy than someone who spent his life in politics and as a community organizer.

Question: Why does anyone bother to listen to economists anymore? The profession has become an embarrassment, and the most respected economists have shown themselves to have as much predictive power as a deck of tarot cards.

Trump is bringing his business acumen to politics. That's something that politicians don't have: business acumen, many of them. And so they don't recognize it, and they don't understand it.

Summers was simply a master explainer, able to deftly boil down the complexities of economic and financial, and to put them in terms the non-expert could understand. He was brilliant at cultivating a sense of control, even as events spun far beyond what could be managed with any certainty. He could will into being the confidence that eluded others, those less self-assured and, maybe sensibly, on humbler terms with the world.

This dilettantish inability to comprehend the essential issues of the conduct of production affairs is not only manifested in the writings of Marx and Engels. It permeates no less the contributions of contemporary pseudo-economics.

Ed Miliband should be out and proud about his abstruse interests, his Master's in Economics, his political obsession, his prioritising of the mental over the physical.

I know the rule. I know law. I know economics. I know parliament. That's an explosive combination.

I can tell you, some of the people I'm running against don't have a clue as to - we're talking now Republicans - as to what to do about what we are talking about, devaluations. And I do. That's what I do, and I am really good at this stuff.

She [Carolyn Maloney] knows the financial issues, that's why we thought she was perfect because we're in a - we're in, as you know, a financial crisis, an economic crisis, and I know that she'll see the whole picture.

If somebody had said to me in June or July of 1987, 'We'd like you to become chairman of the Federal Reserve, but you're never allowed to discuss any economics after you leave,' I'd have said, 'Forget it.' What do they want me to do? Become an anthropologist?'