A Quote by Henry Hazlitt
Economics is haunted by more fallacies than any other study known to man
Related Quotes
Economics is haunted by more fallacies than any other study known to man. This is no accident. The inherent difficulties of the subject would be great enough in any case, but they are multiplied a thousandfold by a factor that is insignificant in, say, physics, mathematics or medicine - the special pleading of selfish interests.
I started in the law; and the study of law, when it precedes the study of economics, gives you a set of foundation principles about how human beings interact. Economics is very useful, and I studied economics in graduate school. But without understanding the social and organizational context of economics, it becomes a theory without any groundwork.
I probably have more female friends than any man I've ever met. What I like about them is that almost always they're generally mentally tougher, and they're better listeners, and they're more capable of surviving things. And most of the women that I like have a haunted quality - they're sort of like women who live in a haunted house all by themselves.
There is no one way to salvation, whatever the manner in which a man may proceed. All forms and variations are governed by the eternal intelligence of the Universe that enables a man to approach perfection. It may be in the arts of music and painting or it may be in commerce, law, or medicine. It may be in the study of war or the study of peace. Each is as important as any other. Spiritual enlightenment through religious meditation such as Zen or in any other way is as viable and functional as any "Way."... A person should study as they see fit.
A man is not merely a man but a man among men, in a world of men. Being good at being a man has more to do with a man’s ability to succeed with men and within groups of men than it does with a man’s relationship to any woman or any group of women. When someone tells a man to be a man, they are telling him to be more like other men, more like the majority of men, and ideally more like the men who other men hold in high regard.
Economic theory is the most prestigious subject of instruction and study. Agricultural economics, labor economics and marketing are lower caste fields of study.
Alexander III of Macedon is known as Alexander the Great because he killed more people of more different kinds than any other man of his time.
The study of economics has been again and again led astray by the vain idea that economics must proceed according to the pattern of other sciences.
There is no other proposition in economics that has more solid empirical evidence supporting it than the Efficient Market Hypothesis... In the literature of finance, accounting, and the economics of uncertainty, the EMH is accepted as a fact of life.
More than any other poet, Whitman is what we make him; more than any other poet, his greatest value is in what he suggests and implies rather than in what he portrays, and more than any other poet must he wait to be understood by the growth of the taste of himself.
I have seen in the Halls of Congress more idealism, more humanness, more compassion, more profiles of courage than in any other institution that I have ever known.
I study myself more than any other subject. That is my metaphysics, that is my physics.
I study myself more than any other subject; it is my metaphysic, and my physic.
We judge economics by what it can produce. As such, economics is rather more like engineering than physics: more practical than spiritual.
Beyond natural history Other biological sciences take up the study at other levels of organization: dissecting the individual into organs and tissues and seeing how these work together, as in physiology; reaching down still further to the level of cells, as in cytology; and reaching the final biological level with the study of living molecules and their interactions, as in biochemistry. No one of these levels can be considered as more important than any other.
The animals that depend on instinct have an inherent knowledge of the laws of economics and of how to apply them; Man, with his powers of reason, has reduced economics to the level of a farce which is at once funnier and more tragic than Tobacco Road.
Related Authors
Alan Watts Quotes
English
Philosopher
Albert Camus Quotes
French
Philosopher
Aristotle Quotes
Greek
Philosopher
Arthur Schopenhauer Quotes
German
Philosopher
Blaise Pascal Quotes
French
Philosopher
Confucius Quotes
Chinese
Philosopher
Francis Bacon Quotes
English
Philosopher
Friedrich Nietzsche Quotes
German
Philosopher
Jiddu Krishnamurti Quotes
Indian
Philosopher
Laozi Quotes
Chinese
Philosopher
Michel de Montaigne Quotes
French
Philosopher
Plato Quotes
Greek
Philosopher
Ralph Waldo Emerson Quotes
American
Philosopher
Seneca the Younger Quotes
Roman
Philosopher
Thomas Carlyle Quotes
Scottish
Philosopher
William James Quotes
American
Philosopher