"This is really odd that economists are expected to predict the future, because no on expect other people in other disciplines to predict the future. Nobody says to the biologists: What is the next stage in evolution? If you can't expect the next stage in evolution... well I guess biology just isn't a science and, that no one should listen to you. Nobody says to the political scientist: Well... you know, who is going to win the next election? If you can't tell me now, then I guess, you know, political science does not mean anything. But somehow economics takes this burden, that people in economics are supposed to be able to forecast the future."
Quote Details
Added by wikiquote-import-bot
Unverified quote
0 likes
Original Language: English
Available Languages (1)
Sources
Timothy Taylor, in Economics, 3rd Edition (The Great Courses) (2008), Chapter 1: "How Economists Think."
https://en.wikiquote.org/wiki/Economist
Revision History
No revisions have been submitted for this quote.
Categories
Economist
22 quotes on TrueQuotesView all quotes by Economist →
Related Quotes
"Anyone who believes exponential growth can go on forever in a finite world is either a madman or an economist."
"Economists are tellers of stories and makers of poems."
"If economists wished to study the horse, they wouldn't go and look at horses. They'd sit in their studies and say to …"
"I am a capitalist, and after a 30-year career in capitalism... I'm not just in the top one percent, I'm in the top .0…"
"The old economics is correct, of course, that competition plays a crucial role in how markets work, but what it fails…"
"Inclusion creates economic growth. So the neoliberal idea that inclusion is this fancy luxury to be afforded if and w…"
"You cannot successfully use your technical knowledge unless you are a fairly educated person, and, in particular, hav…"
"It is often sadly remarked that the bad economists present their errors to the public better than the good economists…"
"The whole notion of the free market, laissez-faire capitalism, globalization is a very thin rationale for unmitigated…"
"Economists teach that the market is the fundamental social phenomenon, and its culmination is money. Anthropologists …"