"The study of economics does not seem to require any specialized gifts of an unusually high order. Is it not, intellectually regarded, a very easy subject compared with the higher branches of philosophy and pure science? Yet good, or even competent, economists are the rarest of birds. An easy subject, at which very few excel! The paradox finds its explanation, perhaps, in that the master-economist must possess a rare combination of gifts. He must reach a high standard in several different directions and must combine talents not often found together. He must be mathematician, historian, statesman, philosopher – in some degree. He must understand symbols and speak in words. He must contemplate the particular in terms of the general, and touch abstract and concrete in the same flight of thought. He must study the present in the light of the past for the purposes of the future. No part of man's nature or his institutions must lie entirely outside his regard. He must be purposeful and disinterested in a simultaneous mood; as aloof and incorruptible as an artist, yet sometimes as near the earth as a politician. Much, but not all, of this many-sidedness Marshall possessed. But chiefly his mixed training and divided nature furnished him with the most essential and fundamental of the economist's necessary gifts – he was conspicuously historian and mathematician, a dealer in the particular and the general, the temporal and the eternal, at the same time."
Quote Details
Added by wikiquote-import-bot
Unverified quote
0 likes
Historians from EnglandPhilosophers from EnglandUniversity of Cambridge facultyEconomists from EnglandSociologists from England
Original Language: English
Available Languages (1)
Sources
"Alfred Marshall", p. 170; as cited in: Donald Moggridge (2002), Maynard Keynes: An Economist's Biography, p. 424; Originally published in The Economic Journal, September 1924
https://en.wikiquote.org/wiki/John_Maynard_Keynes
Revision History
No revisions have been submitted for this quote.
Categories
John Maynard Keynes
1883 – 1946
Britischer Nationalökonom
272 quotes on TrueQuotesView all quotes by John Maynard Keynes →
Related Quotes
"Poland is an economic impossibility with no industry but Jew-baiting."
"The belief that monetary instability--inflation and deflation--is the principal, or at least a principal, cause of ot…"
"The great service of Keynes to recent history is that we now know, in the way that governments did not know in the 19…"
"No one embodied the Cambridge spirit of culture, fun, and public duty so much as Maynard Keynes. No one was more bril…"
"In a book which gained a vast publicity, particularly in the United States, he exposed and denounced "a Carthaginian …"
"I can tell you — I was helping when Britain was trying to get a loan from the United States immediately after the war…"
"Why does Camelot lie in ruins? Intellectual error of monumental proportion has been made, and not exclusively by the …"
"There was nothing in these views to repel a student; or to make Keynes attractive. Keynes had nothing to offer those …"
"Keynes is largely responsible for elevating employment (and/or output) to a position as an explicit objective for pol…"
"What do you think of J. M. Keynes's book? ... The condemnation of the work of the Conference as a whole is none too s…"