Friday, 27 January 2017

Quote of the Day: On not being fooled by economists



“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

PS: If only Robinson’s own economics was a match for her acerbic wit. Sadly …



  1. The whole point is that she realises that Economic theory was, and is a failing discipline, within the larger scope of peoples' endeavours.

    1. Not exactly. Her claim is that all economic theory is imbued with propaganda of some variant, and it's important to extract that from an economist's claims first.


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