Economists create their own worlds. We're like little gods with our artificial economics, wanting to see what happens. Edward C. Prescott artificialcreateeconomics Change image and share on social
Economists have allowed themselves to walk into a trap where we say we can forecast, but no serious economist thinks we can. Tim Harford alloweconomistforecast Change image and share on social
Economists have put themselves in a position where what they are doing is supposed to be impossible to understand for outsiders, so they don't even talk - sometimes not even with their girlfriend or boyfriend or friends - about what they are doing. Thomas Piketty boyfriendeconomistfriend share on social
Economists largely confine themselves to three key factors - capital, labor and productivity - when explaining how and why a country grows. Ben Miles capitalconfinecountry Change image and share on social
Economists, like royal children, are not punished for their errors. James Buchan childeconomisterror Change image and share on social
Economists love to talk about incentives, but the bottom line is that people hate being controlled or manipulated, even when done through voluntary institutions. This is one of the most important tensions in capitalism. Tyler Cowen bottomcapitalismcontrol share on social
Economists must always be prepared for surprises: they find many in trying to find order in the universe of their study. Simon Kuznets economistfindorder Change image and share on social
Economists of a classical bent lay a large part of the decline of employment, and thus lagging output, to a contraction of labour supply. Edmund Phelps bendclassicalcontraction Change image and share on social
Economists often like startling theorems, results which seem to run counter to conventional wisdom. Joseph Stiglitz conventionalcountereconomist Change image and share on social
Economists report that a college education adds many thousands of dollars to a man's lifetime income - which he then spends sending his son to college. Bill Vaughan addcollegedollar Change image and share on social
