Adam Davidson Quotes

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

If all the economists in the world would be laid end to end, they would still point in different directions.

One speaks with great respect of economists, if only because they represent such a variety of opinions.

Economists are generally negligent of their heroes.

All economists should be locked up until they admit that they don't know what they're talking about.

Economists want their discipline to be a science, and they have nailed down a few precepts, but many of their debates are still clouded by ideology.

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.

I do understand the free market, having my economics degree, and if someone on the right had some good ideas, I'm not so dogmatic that I wouldn't listen to them.

Kelsoism is not accepted by modern scientific economics as a valid and fruitful analysis of the distribution of income but rather it is regarded as an amateurish and cranky fad.

You know economists; they're the sort of people who see something works in practice and wonder if it would work in theory.

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.

We have professional economists who can defend any viewpoint with statistics and they do that everywhere in the world.

I think that it's more important for an economist to be wise and sophisticated in scientific method than it is for a physicist because with controlled laboratory experiments possible, they practically guide you; you couldn't go astray. Whereas in economics, by dogma and misunderstanding, you can go very sadly astray.

Question: Why does anyone bother to listen to economists anymore? The profession has become an embarrassment, and the most respected economists have shown themselves to have as much predictive power as a deck of tarot cards.

Economics is a good degree to have but the subject is very theoretical at Cambridge and I found it frustrating that you can't apply a lot of the models to particular circumstances.

Economics as a discipline has in effect become the study of capitalism. The two are taken as the same subject.

I must confess that if I had been consulted whether to establish a Nobel Prize in economics, I should have decidedly advised against it.

economics limps along with one foot in untested hypotheses and the other in untestable slogans.

As the science of economics...exploded the fallacies of every brand of utopianism, it was outlawed and stigmatized as unscientific.

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

The economists will have to revise their theories of value.

I'm not currently into economic textbooks, but my grandchildren tell me that the book by Gregory Mankiw, former head of the white house council of economic advisers is a model of intelligence and clarity. Why not try that one.

Economists are said to disagree too much but in ways that are too much alike: If eight sleep in the same bed, you can be sure that, like Eskimos, when they turn over, they'll all turn over together.

Macroeconomics, even with all of our computers and with all of our information - is not an exact science and is incapable of being an exact science.

Economics is like the Dutch language - I'm told it makes sense, but I have my doubts.