A friend of mine was asked to a costume ball a short time ago. He slapped some egg on his face and went as a liberal economist.
The only function of economic forecasting is to make astrology look respectable.
An economist is an expert who will know tomorrow why the things he predicted yesterday didn't happen today.
The curious task of economics is to demonstrate to men how little they really know about what they imagine they can design.
There is only one difference between a bad economist and a good one: the bad economist confines himself to the visible effect; the good economist takes into account both the effect that can be seen and those effects that must be foreseen.
Teach a parrot the terms 'supply and demand' and you've got an economist.
The first lesson of economics is scarcity: there is never enough of anything to fully satisfy all those who want it. The first lesson of politics is to disregard the first lesson of economics.
I am not an economist. I am an honest man!
It is not from the benevolence of the butcher, the brewer, or the baker that we expect our dinner, but from their regard to their own interest.
When the facts change, I change my mind.
Economics is extremely useful as a form of employment for economists.
An economist is a man who knows a hundred ways of making love but doesn't know any women.
I'm not an economist, and I'm not a proponent of shock therapy.
There are 10^11 stars in the galaxy. That used to be a huge number. But it's only a hundred billion. It's less than the national deficit! We used to call them astronomical numbers. Now we should call them economical numbers.
The purpose of studying economics is not to acquire a set of ready-made answers to economic questions, but to learn how to avoid being deceived by economists.
If economists could manage to get themselves thought of as humble, competent people on a level with dentists, that would be splendid.
Although economists have studied the sensitivity of import and export volumes to changes in the exchange rate, there is still much uncertainty about just how much the dollar must change to bring about any given reduction in our trade deficit.
What the war did was give me the opportunity of three years of continuous reading, and it was in the course of reading that I became convinced that I should become an economist.
With respect to the first of these obstacles, it has often been made a matter of grave complaint against Political Economists, that they confine their attention to Wealth, and disregard all consideration of Happiness or Virtue.
I don't imagine Heads of Government would ever be able to say I'm not an economist therefore I can't take decisions on matters of the economy; I'm not a soldier I can't take decisions on matters of defence; I'm not an educationist so I can't take decisions about education.
Unlimited economic growth has the marvelous quality of stilling discontent while maintaining privilege, a fact that has not gone unnoticed among liberal economists.
Practical men who believe themselves to be quite exempt from any intellectual influence, are usually the slaves of some defunct economist. Madmen in authority, who hear voices in the air, are distilling their frenzy from some academic scribbler of a few years back
I am favor of cutting taxes under any circumstances and for any excuse, for any reason, whenever it's possible.
I would never make a good economist. You know, an economist is a man that can tell you anything about — well, he will tell you what can happen under any given condition — and his guess is liable to be as good as anybody else's, too.
For economist the real world is often a special case.
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