If all economists were laid end to end they would not reach a conclusion.
- George Bernard Shaw
"There are more fools among buyers than among sellers." - French proverb
Thieves Supporting Government by George Bernard Shaw:
The government who robs Peter to pay Paul can always depend on the support of Paul.
How Practical Men are Slaves by John Maynard Keynes :
Practical men ... are usually the slaves of some defunct economist.
Tips by John Maynard Keynes
Economists and Predicting Past Trends
The long run is a misleading guide to current affairs. In the long run we are all dead. Economists set themselves too easy, too useless a task if in...
How Practical Men are Slaves
Practical men ... are usually the slaves of some defunct economist.
How the Stock Market is a Newspaper Beauty-Judging Contest
Playing the stock market is analogous to entering a newspaper beauty-judging contest in which one must select the six prettiest faces out of a hundred...
Managing Stock Investments
The management of stock exchange investments is a kind of low pursuit from which it is a good thing for most members of society to be free.
Market Irrationality Can Outlast You
The market can remain irrational longer than you can remain solvent.
Currency Holds the Key to a Society
Lenin was right. There is no subtler, no surer means of overturning the existing basis of society than to debauch the currency.
Speculation and Bubbles
Speculators may do no harm as bubbles on a steady stream of enterprise. But the position is serious when enterprise becomes a bubble on a whirlpool of...
When Being a Tyrant is Acceptable
It is better that a man should tyrannise over his bank balance than over his fellow-citizens and whilst the former is sometimes denounced as being but...
An Analogy Regarding Supply Side Economics by Walter Heller
Waiting for supply side economics to work is like leaving the landing lights on for Amelia Earhart.
Kinds of Economists by Hamish McRae:
There are three kinds of economists. Those that can add, and those that can't.
How Economists Work by Stephen M. Goldfeld :
An economist is someone who sees something working in practice and asks whether it would work in principle.
Economy's Dependence on Economists:
The economy depends about as much on economists as the weather does on weather forecasters.
- Jean Paul Kauffmann
Tags: economy, economist, forecasting, analogies
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