Gautam Adani Quotes

My folks are economists and have taught economics and social science so I grew up with those kind of conversations around the dinner table.

Economics pretends to be a science. Its practitioners fill blackboards with equations and clog computers with data. But it is really a faith, or more accurately a set of overlapping and squabbling faiths, each with its own doctrines.

I'm just saying that if you understand how the economic machine works, it just works like a machine. There are cause-effect relationships.

Economics has never been a science - and it is even less now than a few years ago.

The art of economics consists in looking not merely at the immediate but at the longer effects of any act or policy; it consists in tracing the consequences of that policy not merely for one group but for all groups.

My interest in economics has always been in the whole corpus of economic theory, the interrelationships between the various fields of theory and their relevance for the formulation of economic policy.

The simple model of a bridge is great, and you could not build a bridge without understanding it well. But if you're actually building the bridge, you need to know the site. A lot of economics is like that: When prices go up, demand is gonna go down. You can't forget that and run your economy. But it's not the only thing you need to know.

The media simply does not understand Econ 101.

We have learned that the various schools of [economic] thought all have important elements of truth in them. But none of them is by itself a sufficient explanation of what goes on in the economy.

What we may call, by way of eminence, the dismal science.

Washington office-holders pontificating on markets, taxes, and monetary policy are usually repeating the ideas of some dead economist, often one of whom the orator had no inkling.

When most people think of economists, they think of macro-economists. Macro-economists try to describe or - even harder - predict the movements of a hugely dynamic system. They're like a transplant surgeon trying to simultaneously transplant every failing organ in someone's body.

I think economics - and this is what I've tried to impart - has a tremendous amount of human interest in it.

Economics is a very difficult subject. I've compared it to trying to learn how to repair a car when the engine is running.

I'm not an economist and we all know economists were created to make weather forecasters look good.

Basic Economics 101. It's the most complicated simple subject there is.

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

Economics is not brain surgery.

My job was to teach the whole corpus of economic theory, but there were two subjects in which I was especially interested, namely, the economics of mass unemployment and international economics.

When you cover the economy as a reporter, there's one part of the job that is always easy: finding economists who disagree.

As an undergraduate at UBC in Canada, I fell in love with economic theory. It was the right choice for me.

We propose in the following Treatise to give an outline of the Science which treats of the Nature, the Production, and the Distribution of Wealth. To that Science we give the name of Political Economy.

The income effects in an economy always sum to zero.

I'm an economist. I'm not a political servant.

If economists could manage to get themselves thought of as humble, competent people on a level with dentists, that would be splendid.