"Back in 1982, a brief but brusque exchange … took place between James Tobin … and Robert Nozick … Tobin exclaimed at Nozick: ‘There is nothing more dangerous than a philosopher who’s learned a little bit of economics.’ To which Nozick immediately responded: ‘Unless it’s an economist who hasn’t learned any philosophy.’"
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Academics from the United StatesNon-fiction authors from the United StatesMathematicians from the United StatesEconomists from the United StatesNobel laureates in Economics
Original Language: English
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Sources
Terence Hutchison, "On the Relations Between Philosophy and Economics" (1996)
https://en.wikiquote.org/wiki/James_Tobin
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James Tobin
James Tobin (March 5, 1918 – March 11, 2002) was an American economist who served on the Council of Economic Advisers and consulted with the Board of Governors of the Federal Reserve System, and taught at Harvard and Yale Universities. He developed the ideas of Keynesian economics, and advocated government intervention to stabilize output and avoid recessions. His academic work included pioneering contributions to the study of investment, monetary and fiscal policy and financial markets. He also
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