A Quote by Frederic Bastiat

There is only one difference between a bad economist and a good one: the bad economist confines himself to the visible effect; the good economist takes into account both the effect that can be seen and those effects that must be foreseen.

Frederic Bastiat

Quote Topics

Account Bad Between Both Confines Difference Economist Effect Effects Foreseen Good Himself Must Only Seen Takes Those Visible

Quote Author

Frederic Bastiat
French - Economist
June 30, 1801 - December 24, 1850

The bad economist sees only what immediately strikes the eye; the good economist also looks beyond. The bad economist sees only the direct consequences of a proposed course; the good economist looks also at the longer and indirect consequences. The bad economists sees only what the effect of a given policy has been or will be on one particular group; the good economist inquires also what the effect of the policy will be on all groups

Henry Hazlitt

I'm an economist by training. I don't really work as an economist. I only worked briefly as an economist.

Ben Stein

If you are a good economist, a virtuous economist, you are reborn as a physicist. But if you are an evil, wicked economist, you are reborn as a sociologist.

Paul Krugman

I would never make a good economist. You know, an economist is a man that can tell you anything about — well, he will tell you what can happen under any given condition — and his guess is liable to be as good as anybody else's, too.

Will Rogers

'Tis a good rule in every journey to provide some piece of liberal study to rescue the hours which bad weather, bad company, and taverns steal from the best economist.

Ralph Waldo Emerson

Easterly, a celebrated economist, presents one side in what has become an ongoing debate with fellow star-economist Jeffrey Sachs about the role of international aid in global poverty. Easterly argues that existing aid strategies have not and will not reduce poverty, because they don't seriously take into account feedback from those who need the aid and because they perpetuate western colonial tendencies.

Amy Lockwood

I can discern that certain things have an effect on certain other things, but I don't view those effects as good or bad. If a context and a goal is defined, I could say if it's good or bad. But overall, I don't view things as good or bad.

Tao Lin

I never understand why 'economist makes forecast' is ever a headline. Whether the economist in question is from the International Monetary Fund, a City forecasting group or the Treasury - a forecast is still not news.

Tim Harford

It's easier to make a reporter into an economist than an economist into a reporter.

Frederick Winslow Taylor

Any man who is only an economist is unlikely to be a good one.

Friedrich August von Hayek

One independent expert - actually, the economist who advised John McCain in 2008, so, you know, not somebody that has any predisposition toward our side - but this economist did a study. He said under [Donald] Trump's economic plans, we would lose in America 3 and a half million jobs.

Hillary Clinton

Today is already the tomorrow which the bad economist yesterday urged us to ignore.

Henry Hazlitt

The years of the Great Depression were a superb time for economists because people not knowing what could be done or what should be done would always assume that maybe an economist had the answer. If you were just a lawyer in Washington, you were nobody. But if you were an economist, you might have the answer.

John Kenneth Galbraith

It is true that I am one of the co-authors of 'Nudge,' and I am a behavioral economist, but it does not mean that everything we write about in that book is behavioral economics, nor does it mean that my co-author, the distinguished legal scholar Cass Sunstein, is a behavioral economist.

Richard Thaler

An economist's guess is liable to be as good as anybody else's.

Will Rogers

People hired by government know who is their benefactor. People who lose their jobs or fail to get them because of the government program do not know that that is the source of their problem. The good effects are visible. The bad effects are invisible. The good effects generate votes. The bad effects generate discontent, which is as likely to be directed at private business as at the government.

Milton Friedman

A Quote by Frederic Bastiat

Quote Topics

Quote Author

Related Quotes

Related Authors