Robert Reich Quotes
I started in the law; and the study of law, when it precedes the study of economics, gives you a set of foundation principles about how human beings interact. Economics is very useful, and I studied economics in graduate school. But without understanding the social and organizational context of economics, it becomes a theory without any groundwork.
Hammonds, Keith H. "Your Job Is Change." Fast Company, 31 Oct. 2000.
Many people think that this is still a problem with economics. There is a new branch of economics—behavioral economics—which focuses on human economic actual behavior as opposed to theoretical behavior.
Robert Bernard Reich is an American economist, professor, author, and political commentator. He served in the administrations of Presidents Gerald Ford and Jimmy Carter, as well as serving as the United States Secretary of Labor from 1993 to 1997 under Bill Clinton. He was a member of President Barack Obama's economic transition advisory board.