A Quote by Rupert Murdoch

I'm not an economist and we all know economists were created to make weather forecasters look good.

Rupert Murdoch

Quote Topics

Created Economist Economists Good Know Look Make Weather Were

Quote Author

Rupert Murdoch
American - Publisher
Born: March 11, 1931

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

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

Economics, over the years, has become more and more abstract and divorced from events in the real world. Economists, by and large, do not study the workings of the actual economic system. They theorize about it. As Ely Devons, an English economist, once said in a meeting: 'If economists wanted to study the horse, they wouldn't go around and look at horses. They'd sit in their studies and say to themselves, `What would I do if I were a horse?' '

Ronald Coase

We have long felt that the only value of stock forecasters is to make fortune-tellers look good.

Warren Buffett

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

I'm an economist, I do a lot of forecasting, and I'm probably one of the most successful forecasters in terms of very specific kinds of forecasts.

Lyndon LaRouche

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

The chief function of stock-market forecasters is to make astrologers look respectable.

Jane Bryant Quinn

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

Give me a one-handed economist! All my economists say, On the one hand on the other.

Harry S. Truman

I write with two things in mind. I want to be right with my fellow economists. After all, I've made my life as a professional economist, so I'm careful that my economics is as it should be. But I have long felt that there's no economic proposition that can't be stated in clear, accessible language. So I try to be right with my fellow economists, but I try to have an audience of any interested, intelligent person.

John Kenneth Galbraith

If you make a movie in the UK you've got to embrace the weather with open arms... We got some of the most amazing weather as well. It's maybe why some of these places, like the Lake District, don't get filmed in so much. If you were trying to make it look like some kind of chocolate box image of England you'd be there all year waiting for the sun to come out.

Ben Wheatley

Economists have allowed themselves to walk into a trap where we say we can forecast, but no serious economist thinks we can.

Tim Harford

I reverently believe that the Maker who made us all makes everything in New England but the weather. I don't know who makes that, but I think it must be raw apprentices in the weather clerk's factory who experiment and learn how, in New England, for board and clothes, and then are promoted to make weather for countries that require a good article, and will take their custom elsewhere if they don't get it...

Mark Twain

Do not look for rest in any pleasure, because you were not created for pleasure: you were created for joy. And if you do not know the difference between pleasure and joy you have not yet begun to live.

Thomas Merton

Economists have allowed themselves to walk into a trap where we say we can forecast, but no serious economist thinks we can. You don't expect dentists to be able to forecast how many teeth you'll have when you're 80. You expect them to give good advice and fix problems.

Tim Harford

A Quote by Rupert Murdoch

Quote Topics

Quote Author

Related Quotes

Related Authors