A Quote by Ha-Joon Chang

I am one of the most successful economists, according to what markets tell us, though most of my professional colleagues, who are much keener to accept market outcomes than I am, would dismiss me as a crank or - the worst of all abuses among economists - a 'sociologist.'

Ha-Joon Chang

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Accept According Am Among Colleagues Crank Dismiss Economists Market Markets Me Miss Me Most Much Outcomes Professional Successful Tell Than Though Us Worst Would

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Ha-Joon Chang
South Korean - Economist
Born: October 7, 1963

I am often considered almost not a part of the profession of Establishment economists. I am even referred to as a sociologist. And by that, economists usually do not mean anything flattering.

Gunnar Myrdal

Many of us economists who believe in efficiency do so because we view markets as amazingly successful devices for reflecting new information rapidly and, for the most part, accurately.

Burton Malkiel

Question: Why does anyone bother to listen to economists anymore? The profession has become an embarrassment, and the most respected economists have shown themselves to have as much predictive power as a deck of tarot cards.

Stephen Moore

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

Economists, on the whole, think well of what they do themselves and much less well of what their professional colleagues do.

John Kenneth Galbraith

Until the Great Depression, most economists clung to a vision of capitalism as a perfect or nearly perfect system. That vision wasn’t sustainable in the face of mass unemployment, but as memories of the Depression faded, economists fell back in love with the old, idealized vision of an economy in which rational individuals interact in perfect markets.

Paul Krugman

I do not know what might be the most fitting description.... I am a sinner. This is the most accurate definition. It is not a figure of speech, a literary genre. I am a sinner. And this is what I said when they asked me if I would accept my election as pontiff: I am a sinner, but I trust in the infinite mercy and patience of our Lord Jesus Christ, and I accept in a spirit of penance.

Pope Francis

It affects every aspect of our lives, is often said to be the root of all evil, and the analysis of the world that it makes possible - what we call 'the economy' - is so important to us that economists have become the high priests of our society. Yet, oddly, there is absolutely no consensus among economists about what money really is.

David Graeber

I can't speak for them, of course, but I believe that most economists would accept the view that, while you sometimes can make a score by sheer luck, you can't do it constantly, unless you're willing to put the resources in.

Merton Miller

Economists are economical, among other things, of ideas; most make those of their graduate days do for a lifetime.

John Kenneth Galbraith

I am a Divine, magnificent expression of life, and deserve the very best. I accept miracles. I accept healing. I accept wholeness. And most of all, I accept myself. I am precious, and I cherish who I am.

Louise Hay

Economists often define their discipline as "the allocation of scarce resources among competing ends." But when resources or money really become scarce, economists call it a crisis and say that it's a question for politicians, not their own department.

Michael Hudson

Most economists, including me, agree that longevity insurance would make sense for a lot of people.

Richard Thaler

These days, however, the main problem comes from the right - from conservatives who, unlike most economists, really do think that the free market is always right - to such an extent that they refuse to believe even the most overwhelming scientific evidence if it seems to suggest a justification for government action.

Paul Krugman

Our belief in salvation through the market is very much in the Utopian tradition. The economists and managers are the servants of God. Like the medieval scholastics, their only job is to uncover the divine plan. They could never create or stop it. At most they might aspire to small alterations.

John Ralston Saul

For the last several decades, there was a prevailing belief among traditional economists that the markets were rational and self-correcting. Alan Greenspan advocated this view. But the 2008 financial crisis showed that this view is incorrect, and Greenspan eventually admitted as much.

Kabir Sehgal

A Quote by Ha-Joon Chang

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