Bobby Scott Quotes
We live in an information and knowledge-based economy.
Scott, Robert C. Remarks on Education and the Economy. Congressional Record, Government Printing Office.
A startlingly bad prediction by a Nobel-prize winning economist particularly given it was stated in 1998 rather than a much earlier date when the potential of the Internet wasn’t already apparent. Ironically, the quote is from a Red Herring article he wrote titled “Why Most Economists’ Predictions Are Wrong” in which he asserts that most economists predictions are wrong because they overestimate the impact of future technologies. See related quotes for additional equally erroneous Krugman predictions.
Robert Cortez Scott is an American politician serving as the U.S. Representative for Virginia's 3rd congressional district since 1993. A member of the Democratic Party, he is the dean of Virginia's congressional delegation. The district serves most of the majority-black precincts of Hampton Roads, including all of the independent cities of Franklin, Newport News (where he resides) and Portsmouth, parts of the independent cities of Chesapeake, Hampton, Norfolk and Suffolk and all of Isle of Wight County.