A Quote by John Kenneth Galbraith

Economists are generally negligent of their heroes. — © John Kenneth Galbraith
Economists are generally negligent of their heroes.
Fretfulness of temper will generally characterize those who are negligent of order.
My heroes are all dead. I've lots of heroes. My mum is a hero. She had to put up with me and my dad. She is one of my heroes. Some of my friends are heroes. There are so many. But heroes usually let you down, don't they? There is people I admire, people I respect.
Yes, there are plenty of heroes and heroines everywhere you look. They are not famous people. They are generally obscure and modest people doing useful work, keeping their families together and taking an active part in the health of their communities, opposing what is evil (in one way or another) and defending what is good. Heroes do not want power over others.
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.
The ideas of economists and political philosophers, both when they are right and when they are wrong, are more powerful than is generally understood. Indeed, the world is ruled by little else.
The temptation to use mathematics is irresistible for economists. It appears to convey the appropriate air of scientific authority and precision to economists' musings.
I don't have individuals that are heroes per say but I will suggest that teachers are heroes for me, our firefighters are heroes for me, our police departments are heroes for me and our leaders are heroes for me.
Heroes are not known by the loftiness of their carriage; the greatest braggarts are generally the merest cowards.
In the original 'Fable,' Albion was kind of run by heroes and heroes were the thing, and there weren't any lords or kings, there were just heroes, and greater and greater heroes.
Heroes? Vietnam Vets are heroes. The guys who tried to rescuse our hostages in Iran are heroes. I'm just a hockey player.
In short, competition has to shoulder the responsibility of explaining all the meaningless ideas of the economists, whereas it should rather be the economists who explain competition.
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.
A lot of people are surprised economists are assisting with kidney exchanges. Exchanges are what economists are good at.
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.
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.
Policy makers have plainly failed both here in the United States and in Europe as well. People who have suffered because of that. And when they say, "Throw out economists, we don't trust economists anymore," you can totally understand why.
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