Economists Quotes

Stocks have reached what looks like a permanently high plateau.

By 2005, it will become clear that the Internet’s impact on the economy has been no greater than the fax machine’s.

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.

From now on, depressions will be scientifically created.

Wall Street indexes predicted nine out of the last five recessions.

The clash of communism and capitalism sterilized rather than stimulated research on capital and inequality by historians, economists, and even philosophers.

Anyone who believes exponential growth can go on forever in a finite world is either a madman or an economist.

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

There is only one difference between a bad economist and a good one: the bad economist confines himself to the visible effect; the good economist takes into account both the effect that can be seen and those effects that must be foreseen.

The good news is that economists are intelligent, engaging and often charming folks. The bad news is their work is often of little use to investors.

Politicians of all stripes are always in danger at looking at every problem from an abstract point of view or being briefed by officials, academics, or economists who know every science but the science of human nature.

Economists are evaluated on how intelligent they sound, not on a scientific measure of their knowledge of reality

The economy, unemployment, the future... Politicians, economists, and journalists are constantly debating these key issues for our country but rarely come to an answer. But behind all this, there is a fairly simple truth: no matter what anybody says, jobs are hard to come by.

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

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

The masses have never believed in sophisms taught by economists, uttered more to confirm exploiters in their rights than to convert the exploited!

Economists are very good at saying that something cannot go on forever, but not so good at saying when it will stop.

The age of chivalry is gone. That of sophists, economists and calculators has succeeded and the glory of Europe is extinguished forever.

This fear of criticism displayed by the advocates of freedom of criticism cannot be attributed solely to craftiness. No, the majority of the Economists look with sincere resentment upon all theoretical controversies, factional disagreements, broad political questions, plans for organising revolutionaries, etc.

We cannot safely leave politics to politicians, or political economy to college professors.

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

Economists are economical, among other things, of ideas; most make those of their graduate days do for a lifetime.

The result [of more rapidly adopting technology] is likely to be more unemployment in the short term and perhaps greater inequality—a recipe for social instability. Economists are right to remind us that workers who are displaced by machine intelligence need not be condemned to long-term idleness. Given the infinite variety of human desires, there is always more work to be done. But society will need to facilitate social structures that help employees face a lifetime of job changes.

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

Economists can certainly disappoint you. One said that the economy would turn up by the last quarter. Well, I'm down to mine and it hasn't.