A Quote by Bryan Caplan

There is a small minority of well-educated people with relatively sensible views on economics, and an extremely tiny minority of economists with highly sensible views. Then there's everybody else. ... To win, a politician needs to please the median voter. It makes little difference if a few thousand economists think you a fool.

Bryan Caplan

Quote Topics

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Quote Author

Bryan Caplan
American - Economist
Born: April 8, 1971

Economists operate with this image of the homo economicus, the rational economic agent, and while such agents are rare in the wider world, they are common in economics departments. Exemplifying the homo economicus paradigm, economists typically choose their research projects and hypotheses so as to promote their own careers, to maximize their lifetime income. This explains the astonishing pressures toward conformity in academic economics: how deviant views (except those by a few who have already achieved stardom) get crushed by an army of conformists.

Thomas Pogge

Throughout history, poverty is the normal condition of man. Advances which permit this norm to be exceeded — here and there, now and then — are the work of an extremely small minority, frequently despised, often condemned, and almost always opposed by all right-thinking people. Whenever this tiny minority is kept from creating, or (as sometimes happens) is driven out of a society, the people then slip back into abject poverty. This is known as "bad luck.

Robert A. Heinlein

Sensible Catholics have for generations been ignoring the views on contraception held by reactionary old men in the Vatican, but alas, since it is the business of all religious doctrines to keep their votaries in a state of intellectual infancy (how else do they keep absurdities seeming credible?), insufficient numbers of Catholics have been able to be sensible.

A.C. Grayling

No one knows anything about economics. It's the great lie of the economists. By contrast in football people might have contrasting opinions, each of which has some validity. But the economists always speak in conditionals - what a mess.

Vicente del Bosque

We must think of human progress, not as of something going on in the race in general, but as something going on in a small minority, perpetually beleaguered in a few walled towns. Now and then the horde of barbarians outside breaks through, and we have an armed effort to halt the process. That is, we have a Reformation, a French Revolution, a war for democracy, a Great Awakening. The minority is decimated and driven to cover. But a few survive- and a few are enough to carry on.

H. L. Mencken

Societies without a reservoir of people who don't follow the rules lack an important mechanism for societal evolution. Vibrant societies need a dishonest minority; if society makes its dishonest minority too small, it stifles dissent as well as common crime.

Bruce Schneier

These days I'm often called a Deviant Calvinist, but I don't really think my views do deviate from the Reformed tradition, though in some respects they may represent views that are not as popular now as they once were, or that may represent a minority report in the tradition.

Oliver D. Crisp

When most people think of economists, they think of macro-economists. Macro-economists try to describe or - even harder - predict the movements of a hugely dynamic system. They're like a transplant surgeon trying to simultaneously transplant every failing organ in someone's body.

Stephen J. Dubner

How should the best parts of psychology and economics interrelate in an enlightened economist's mind?... I think that these behavioral economics...or economists are probably the ones that are bending them in the correct direction. I don't think it's going to be that hard to bend economics a little to accommodate what's right in psychology.

Charlie Munger

Economics is extremely useful as a form of employment for economists.

John Kenneth Galbraith

I think we, the Republicans, have been mistyped as unfriendly to minorities and not receptive to minority views.

Bill Flores

If you are honest, you are in the minority; if you are clever, you are in the minority; if you do not believe in any religious craps, you are in the minority! If you are not in the herd, you are in the minority! What a glorious privilege to be in this kind of minorities!

Mehmet Murat Ildan

As far as I know, only a small minority of mathematicians, even of those with Platonist views, accept the idea that there may be mathematical facts which are true but unknowable.

Abraham Robinson

Like many free market economists, with whom he had little else in common, Nehru seemed to believe that people will find a way to get their children educated.

Abhijit Banerjee

Probably the only people left who think that economics deserves a Nobel Prize are economists. It confirms their conceit that they're doing 'science' rather than the less tidy task of observing the world and trying to make sense of it. This, after all, is done by mere historians, political scientists, anthropologists, sociologists, and (heaven forbid) even journalists. Economists are loath to admit that they belong in such raffish company.