A Quote by John Ralston Saul

If economists were doctors, they would today be mired in malpractice suits. — © John Ralston Saul
If economists were doctors, they would today be mired in malpractice suits.
America with 4% of the world's population has 50% of the worlds lawyers .... tort lawyers love to point out that 1% of America's health care cost is used to pay malpractice insurance ... but most doctors practice defensive medicine to avoid malpractice litigation ... these costs are not included in the 1% number above.
Before I was elected to Congress, I worked in a courtroom. For years, I defended doctors and hospitals, and for years, I sued them on behalf of people who were victims of medical malpractice.
Sunday-the doctor's paradise! Doctors at country clubs, doctors at the seaside, doctors with mistresses, doctors with wives, doctors in church, doctors in yachts, doctors everywhere resolutely being people, not doctors.
If medical doctors can be sued for malpractice, shouldn't financial professionals practice under the same safeguard?
If Broadway musicals were as popular as they were in the 20s, 30s, and 40s, then people like Sufjan Stevens and Iron & Wine would be writing for Broadway, which would be amazing. As it stands, it's the worst stuff that's mired in pop music.
In the 1970s, as historians became enchanted with microhistories, economists were expanding the reach of their discipline. Nations, states and cities began to plan for the future by consulting with economists whose prognostications were shaped by investment cycles rather than historical ones.
Fighters today are much bigger, stronger and quicker and not only that but referees, judges and doctors back then were very strict and if your head got busted up the fight would be stopped.
Now, if doctors were aware that medicine was not a science and that they were pulling what is undoubtedly the largest and most successful confidence trick ever tried the damage would be fairly minimal. But the problem is compounded by the fact that the vast majority of doctors believe the lie that they are taught; they believe that they are scientists, practising an applied science.
A hospital patient can expect one medical error every single day of any hospital stay. Malpractice suits are numerous enough that one may reasonably conclude that there is certainly no guarantee of proper health care by contracting it out.
Doctors, dentists and nurses commonly take out malpractice insurance to pay for lawsuits. The trend has expanded to include hairdressers, accountants, vets, sports umpires and members of the clergy, all fearful of being sued for wrongful action or advice.
There is much romanticism about Formula One of the past. Today it has to be more of a family sport, not less. It is a fixture in the Sunday afternoon TV programmes, and probably flamboyance - those white silk suits and devil-may-care attitudes - would be outworn attributes today.
The real trouble with the doctor image in America is that it has been grayed by the image of the doctor-as-businessman, the doctor-as-bureaucrat, the doctor-as-medical-robot, and the doctor-as-terrified-victim-of-malpractice-suits.
Somehow, my music really suits doctors making out in the syringe room.
We don't classify all doctors as incompetent because of the infrequent instances of medical malpractice. We don't use the example of one bad teacher in our children's school to draw a negative conclusion of the entire teaching profession. We should apply that same rational standard when it comes to how we view law enforcement.
Economics, over the years, has become more and more abstract and divorced from events in the real world. Economists, by and large, do not study the workings of the actual economic system. They theorize about it. As Ely Devons, an English economist, once said in a meeting: 'If economists wanted to study the horse, they wouldn't go around and look at horses. They'd sit in their studies and say to themselves, `What would I do if I were a horse?' '
The years of the Great Depression were a superb time for economists because people not knowing what could be done or what should be done would always assume that maybe an economist had the answer. If you were just a lawyer in Washington, you were nobody. But if you were an economist, you might have the answer.
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