Anti-Economics quotes

Economics is a subject profoundly conducive to cliche, resonant with boredom. On few topics is an American audience so practiced in turning off its ears and minds. And none can say that the response is ill advised. John Kenneth Galbraith

 

Economics is extremely useful as a form of employment for economists. John Kenneth Galbraith

 

In economics, hope and faith coexist with great scientific pretension and also a deep desire for respectability. John Kenneth Galbraith

 

In economics, the majority is always wrong. John Kenneth Galbraith

 

The only function of economic forecasting is to make astrology look respectable. John Kenneth Galbraith

 

“If you laid all of the world’s economists end-to-end, they would all still point in different directions.”

 

“It [economics] has ended up as an intellectual ploy to distract attention away from the financial and property dynamics that are polarizing our world between debtors and creditors, property owners and renters, while steering politics from democracy to oligarchy…”  –  Michael Hudson

 

“If economists did their job, they would be pushing policies to get the economy quickly back to full employment. Instead, they just repeat lines about how “we” will just have to accept some rough times. Unfortunately, no one ever asks the economists who preach austerity how much time they expect to spend in the unemployment lines”.- Dean Baker

 

“Is it fair to attack the economics profession? To a large degree, yes.  The specialty has done itself and the wider world considerable damage through it s pursuit of a misguided, overly ambitious goal of putting itself on a scientific footing.” – Yves Smith

 

“Not only are many of the precepts and predictions of orthodox economics wildly at odds with reality, but even worse, their powerful influence on policy and the popular imagination means that they impose their goals on society as a whole.”   –  Yves Smith

 

“In theory, there is no difference between theory and practice.  In practice there is”  –  Yogi Berra

 

The first lesson of economics is scarcity: there is never enough of anything to fully satisfy all those who want it. The first lesson of politics is to disregard the first lesson of economics. Thomas Sowell

 

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

 

I think we’re miserable partly because we have only one god, and that’s economics. James Hillman

 

Where there is politics or economics, there is no morality. Karl Wilhelm Friedrich Schlegel

 

Economics is not different than religion. It’s man made. With lots of flaws. And heavily indoctrinated.

 

What’s the difference between the Godfather and an economist?   The economist gives you an offer you can’t understand.

 

“The purpose of studying economics is not to acquire a set of ready-made answers to economic questions, but to learn how to avoid being deceived by economists.”  – Joan Robinson

 

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