A Quote by John Kenneth Galbraith

Economics exists to make astrology look respectable. — © John Kenneth Galbraith
Economics exists to make astrology look respectable.
The only function of economic forecasting is to make astrology look respectable.
Anyway that's a large part of what economics is - people arbitrarily, or as a matter of taste, assigning numerical values to non-numerical things. And then pretending that they haven't just made the numbers up, which they have. Economics is like astrology in that sense, except that economics serves to justify the current power structure, and so it has a lot of fervent believers among the powerful
Astrology is knocking at the gates of our universities: A Tübingen professor has switched over to astrology and a course on astrology was given at Cardiff University last year. Astrology is not mere superstition but contains some psychological facts (like theosophy) which are of considerable importance. Astrology has actually nothing to do with the stars but is the 5000-year-old psychology of antiquity and the Middle Ages.
The vast difference between astrology and other sciences, if I may put it thus, is that astrology deals not with facts but with profundities. The solid ground on which the scientist pretends to rest gives way, in astrology, to imponderables.
Astrology ... makes vague predictions that can always be adapted after the fact to fit observations, as we'll see. Astrologers don't seek causes at all, for a good reason: There isn't any cause to astrology. If you look for some underlying reason, some connection between the stars and planets and our lives, you won't find any. For astrology to sell, buyers must not seek out the fundamental principles behind it, because if they do they'll see that there is none.
The pseudoscience of astrology has no place in magick. Astrology has already died twice: once with the classical gods, and a second time after the Enlightenment. The complete failure of contemporary psychology to create anything other than a vocabulary of intellectual rubbish has encouraged astrology to resurface.
Sometime, while I wasn't paying attention, trickle-down economics got respectable.
The chief function of stock-market forecasters is to make astrologers look respectable.
Astrology is a science in itself and contains an illuminating body of knowledge. It taught me many things and I am greatly indebted to it. Geophysical evidence reveals the power of the stars and the planets in relation to the terrestrial. In turn, astrology reinforces this power to some extent. This is why astrology is like a life-giving elixir to mankind.
My mother and my father taught me to look at the actual problem, not the face of it, not the veneer of it. So for me, I was never - I was impressed that it - racially, I was impressed, right, but now in America it's about economics, and it's been about economics, and honestly, everything's been about economics since I don't want to say the beginning of time, but it's been about economics for a long while.
Mathematical economics is old enough to be respectable, but not all economists respect it. It has powerful supporters and impressive testimonials, yet many capable economists deny that mathematics, except as a shorthand or expository device, can be applied to economic reasoning. There have even been rumors that mathematics is used in economics (and in other social sciences) either for the deliberate purpose of mystification or to confer dignity upon common places as French was once used in diplomatic communications.
Astrology is assured of recognition from psychology, without further restrictions, because astrology represents the summation of all the psychological knowledge of antiquity.
Every newspaper feels it must have an astrology column, and even in the Carleton University bookstore this morning, I found books on astrology for sale.
Astrology had an important role in the ancient world. You can't understand many things unless you know something about astrology - the plays of Shakespeare and so on.
Economics make homeopath and alternative healers look empirical and scientific.
Economics is everywhere, and understanding economics can help you make better decisions and lead a happier life.
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