Saturday, June 1, 2013

Quote of the day

"One of the most significant differences between trained economists and the lay public is economists' greater appreciation of general equilibrium".

- Akerlof, Dickens, and Perry (2000)


  1. Ahh, this quote puts a chill down my spine.

  2. Maybe a bit of follow up? Do the authors claim a greater appreciate of laissez faire among economists? Aren't laissez faire economists a minority?

  3. I really like it when folks get together and share opinions.
    Great blog, keep it up!

    Here is my web site ... best way to lose weight fast

  4. There is certainly a lot to learn about this issue. I love all of the points you have made.

    Feel free to visit my site how to lose weight

  5. The most significant difference between lay people and trained economists is the ability of trained economists to rationalize the suffering of others.

  6. Appreciate the recommendation. Let me try it out.

    Have a look at my website ... calories burnt walking

  7. "I sometimes think that the general public would know more about economics if the economists did not exist" - Francis Cripps, The Guardian, 27 Feb 1979.

  8. Another - reminded by UnlearningEcon:

    "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."

    - Joan Robinson, 1955, “Marx, Marshall And Keynes”, Occasional Paper No. 9, The Delhi School of Economics, University Of Delhi, Delhi.

  9. I'm not sure exactly why but this weblog is loading incredibly slow for me. Is anyone else having this issue or is it a problem on my end? I'll
    check back later and see if the problem still exists.

    Stop by my web blog - best diets for quick weight loss

  10. Edit: "economists' greater **belief in** general equilibrium."



All anonymous comments will be deleted. Consistent pseudonyms are fine.