During the two centuries since the publication of 'The Wealth of Nations,' the main activity of economists, it seems to me, has been to fill the gaps in Adam Smith's system, to correct his errors and to make his analysis vastly more exact.
Ronald Coase
MeWealthMoreEconomistsAnalysis
If all the economists in the world were laid end to end, it wouldn't be a bad thing.
Peter Lynch
WorldEndBadEconomistsWereThing
I have always been considered to be the most German among Italian economists, which I always received as a compliment, but was rarely meant to be one.
Mario Monti
Meant To BeComplimentEconomists
Markets work well with goods that economists call private goods.
Eric Maskin
WorkEconomistsCallWellMarkets
Mr. Trump has said he strongly supports immediate expensing of capital expenditures, which many economists agree would encourage growth.
James B. Stewart
GrowthSaidEconomistsAgreeWould
When the Smoot-Hawley bill landed on President Herbert Hoover's desk, more than 1,000 economists urged him to veto it. Tragically, the president ignored their pleas.
Elaine Chao
DeskPresidentMoreHimEconomists
Happiness quantification sounds a bit wishy-washy, sure, and through a series of carefully administered surveys across the globe, economists and psychologists have certainly confronted a fair number of sticky issues around how to measure, and even define, happiness.
Adam Davidson
HappinessMeasureFairEconomists
The tools used by economists to analyze business firms are too abstract and speculative to offer any guidance to entrepreneurs and managers in their constant struggle to bring novel products to consumers at low cost.
BusinessStruggleToolsEconomists
Economists have allowed themselves to walk into a trap where we say we can forecast, but no serious economist thinks we can.
Tim Harford
WalkSeriousSayEconomistsForecast
Researchers may like to think that, given all the facts, we make rational choices. Ask economists how that assumption works out for them. No, we are emotional creatures who use value-based reasoning in conjunction with our rationality.
Kyle Hill
ChoicesThinkFactsAskEconomists
Economists actually disagree about whether there are significant economic returns from attending an elite college versus a less-selective one.
Emily Oster
CollegeDisagreeEconomistsElite
Economists, like royal children, are not punished for their errors.
James Buchan
ChildrenRoyalEconomistsErrors
Economists create their own worlds. We're like little gods with our artificial economics, wanting to see what happens.
Edward C. Prescott
EconomicsCreateSeeEconomistsOwn
Unlike physics, economists don't settle things. There seems to be plenty of room for different conclusions that are still accepted in the academy.
PhysicsSettleEconomistsRoomSeems
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