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Economists Quotes

Forecasts, doubts, and the numbers game

Armies of strategists and fund managers get paid to guess which securities will pay off each quarter, yet these quotes admit forecasting rarely lives up to its reputation.

Sometimes economists are right, and sometimes economists are wrong.

Quotes by Abhijit Banerjee

Economists have allowed themselves to walk into a trap where we say we can forecast, but no serious economist thinks we can.

Quotes by Tim Harford

Most economists use 'fixed' and 'pegged' as interchangeable or nearly interchangeable terms for exchange rates.

Quotes by Steve Hanke

My folks are economists and have taught economics and social science so I grew up with those kind of conversations around the dinner table.

Quotes by Seth Gordon

Anything Quotes

Economists discount any factors that would not influence the thinking of a rational person.

Quotes by Richard Thaler

The supply price and the demand price should be roughly the same. You're not supposed to have two different prices. According to economists.

Quotes by Richard Thaler

I think behavioral economists don't have any more of an explanation about the rise of Trump than anyone else.

Quotes by Richard Thaler

If all the economists in the world were laid end to end, it wouldn't be a bad thing.

Quotes by Peter Lynch

The public is even more pessimistic about the economy than even the most bearish economists are.

Quotes by Nate Silver

Business Quotes

Years ago, I noticed one thing about economics, and that is that economists didn't get anything right.

Quotes by Nassim Nicholas Taleb

Well, you have the public not wanting any new spending, you have the Republicans not wanting any new taxes, you have the Democrats not wanting any new spending cuts, you have the markets not wanting any new borrowing, and you...

Quotes by Michael Bloomberg

Our biggest challenge is to eliminate the popular perception that economists don't have anything useful to say.

Quotes by Mark Zandi

Health economists have estimated that an injection of $250 million per year in Indigenous clinical care, and $50 million in preventative care, is required to provide services at the same level as for any other group with the health conditions...

Quotes by Malcolm Fraser

The reality is that we are all economists. We all deal with scarcity as we make choices and calculate how to ration various items and resources that we consume, produce and utilize.

Quotes by Kurt Bills

Economic Quotes

Entire populations of market strategists, fund managers, and economists are employed to try and intuit for clients which securities to bet on for the best possible return each year - or quarter.

Quotes by Kelly Evans

Economists often get the market wrong.

Quotes by Kapil Sibal

Economists often like startling theorems, results which seem to run counter to conventional wisdom.

Quotes by Joseph Stiglitz

The Communists were interested in getting into key positions as union officers, statisticians, economists, etc., in order to utilize the apparatus of the unions to promote the cause of revolution.

Quotes by John T. Flynn

If economists could manage to get themselves thought of as humble, competent people on a level with dentists, that would be splendid.

Quotes by John Maynard Keynes

Economics Quotes

Economics is extremely useful as a form of employment for economists.

Quotes by John Kenneth Galbraith

Frequently Asked Questions

Are these economists quotes mostly critical?
Several are skeptical, questioning whether forecasting ever really works and admitting that predictions often miss the mark.
What do the quotes say about public opinion versus economists?
One notes that ordinary people tend to view the economy more gloomily than the most cautious professional forecasters do.
Is there a quote about market strategists?
Yes, it describes entire industries of strategists and fund managers paid to guess which investments will pay off each quarter.
Do any economists admit forecasting limits?
Yes, one line says economists have backed themselves into claiming predictive power that no serious economist actually believes they have.
Where can I read more on markets and business?
Check Business quotes for related takes on money and the economy.

Even the public turns out gloomier than most professional forecasters — read more under Economic and Business quotes.