Economists on the Run......................
One definition of an economist is somebody who
sees something happen in practice and wonders if it will work in theory.
Ronald Reagan
If all economists were laid end to end, they would
not reach a conclusion.
George Bernard Shaw (1856 - 1950)
An economist is a man who states the obvious in
terms of the incomprehensible.
Alfred A. Knopf
Teach a parrot the terms "supply and demand" and
you've got an economist.
Thomas Carlyle
An economist is an expert who will know tomorrow
why the things he predicted yesterday didn't happen today.
Laurence J. Peter (1919 - 1988)
More Quotes
.........................This time, by the Men themselves.......
Milton Friedman
A
major source of objection to a free economy is precisely that group thinks
they ought to want. Underlying most arguments against the free market is a
lack of belief in freedom itself.
Inflation is one form of taxation that can be imposed without legislation.
Many people want the
government to protect the consumer. A much more urgent problem is to protect
the consumer from the government.
Only government can take
perfectly good paper, cover it with perfectly good ink and make the
combination worthless.
The government solution to a
problem is usually as bad as the problem.
Maynard Keynes
A
study of the history of opinion is a necessary preliminary to the emancipation
of the mind.
Americans are apt to be
unduly interested in discovering what average opinion believes average opinion
to be...
In the
long run, we're all dead.
The
difficulty lies, not in the new ideas, but in escaping the old ones, which
ramify, for those brought up as most of us have been, into every corner of our
minds.
Adam
Smith
It is
not from the benevolence of the butcher, the brewer, or the baker that we
expect our dinner, but from their regard to their own interest.
Joseph Schumpeter
Economic progress, in capitalist society, means turmoil.
John
Kenneth Galbraith
All of
the great leaders have had one characteristic in common: it was the
willingness to confront unequivocally the major anxiety of their people in
their time. This, and not much else, is the essence of leadership.
Anyone
who says he won't resign four times, will.
By all but the pathologically
romantic, it is now recognized that this is not the age of the small man.
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.
Faced
with the choice between changing one's mind and proving that there is no need
to do so, almost everyone gets busy on the proof.
Nothing is so admirable in politics as a short memory.
One of the greatest pieces of
economic wisdom is to know what you do not know.
One of the little-celebrated
powers of Presidents (and other high government officials) is to listen to
their critics with just enough sympathy to ensure their silence.
Under
capitalism, man exploits man. Under communism, it's just the opposite.
Paul
Samuelson
An
intriguing paradox of the 1990s is that it isn't called a decade of greed.
Sooner or later the
Internet will become profitable. It's an old story played before by canals,
railroads and automobiles.
Wall
Street indices predicted nine out of the last five recessions!
What we know about the global
financial crisis is that we don't know very much.
W.H.
Beveridge
The trouble in modern democracy is
that men do not approach to leadership until they have lost the desire to lead
anyone.