“If anything is evident about people who manage money, it is that the task attracts a very low level of talent, one that is protected in its highly imperfect profession by the mystery that is thought to enfold the subject of economics in general and of money in particular.” PeopleIfsLevelsMoneyMysterySubjectsTalentParticularLowsEconomicsTasksProfessionManageImperfectProtectedEvidentLow Level Book:Money: Whence It Came, Where It Went Source: Money: Whence It Came, Where It Went
“When you choose your profession, you also choose your own downfall or success. If one chooses to become an artist it is 99% certain that it will go to hell. So you should not become that. If you study economics on Oslo, 99% of all students will do very well and 1% will reach the top.” IfsShouldWellsArtistCertainHellStudyStudentsEconomicsProfessionYou ChooseDownfallGo To HellOslo Author:Odd Nerdrum
“I think there is universal agreement within the economics profession that the decline - the sharp decline in the quantity of money played a very major role in producing the Great Depression.” ThinkingRolesMajorsEconomicsUniversalProfessionAgreementQuantityDeclineGreat Depression Author:Milton Friedman
“My clinical psychologist wife of 40 years has always had a close intellectual influence on me. When I was beginning to talk openly in the economics profession about irrationality in decision-making, I received a lot of criticism. Ginny would support my views and remind me that a whole other profession - psychology - studies people's irrational sides.” PeopleYearsWholeSidesDecisionViewsSupportStudyPsychologyWifeInfluenceIntellectualEconomicsCriticismProfessionDecision MakingIrrationalPsychologistIrrationalityClinicalsClinical Psychologists Author:Robert J. Shiller
“If people are teaching economics, they need to teach all the different disciplines, all the different schools in economics. They can't just teach one because then the person isn't equipped to deal with the economics profession.” PeopleIfsNeedsPersonsDifferentSchoolDealsTeachTeachingDisciplineEconomicsProfession Author:Charles Koch
“The one profession where you can gain great eminence without ever being right.” GainsEconomicsProfessionEminence Author:George Meany
“The economics profession went astray because economists, as a group, mistook beauty, clad in impressive-looking mathematics, for truth.” GroupsEconomicsMathematicsProfessionEconomistImpressive Author:Paul Krugman
“Greediness consists in ravishing the goods of another through violence or cunning, as in the two noble professions of the conqueror and courtier. But the merchant, like all other industrious men, seeks his benefit only in his talent, in virtue of freely arrived at agreements, and appealing to faith and the laws.” MenTwoPhilosophyLawPoliticalVirtueViolenceTalentBenefitsEconomicsNobleProfessionAgreementGoodsCunningMerchantsConquerorIndustriousGreedinessCourtiersNoble Profession Author:Augustin Thierry