A Quote by Kapil Sibal

Economists often get the market wrong.

Kapil Sibal

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Economists Get Market Often Wrong

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Kapil Sibal
Indian - Politician
Born: August 8, 1948

It is often sadly remarked that the bad economists present their errors to the public better than the good economists present their truths. It is often complained that demagogues can be more plausible in putting forward economic nonsense from the platform than the honest men who try to show what is wrong with it.

Henry Hazlitt

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

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

Physicists can only talk to other physicists and economists to economists... sociologists often cannot even understand each other.

Kenneth E. Boulding

Like many free market economists, with whom he had little else in common, Nehru seemed to believe that people will find a way to get their children educated.

Abhijit Banerjee

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

You're either making a market or disrupting a market. Entering a market is usually the wrong way to go.

Brian Halligan

Sometimes economists are right, and sometimes economists are wrong.

Abhijit Banerjee

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

Economists get impatient with philosophy. They are often trained as skilled mathematicians. They don't like going back to ordinary language and first principles.

Martha C. Nussbaum

It is particularly odd that economists who profess to be champions of a free-market economy, should go to such twists and turns to avoid facing the plain fact: that gold, that scarce and valuable market-produced metal, has always been, and will continue to be, by far the best money for human society.

Murray Rothbard

The study of economic organization commonly proceeds as though market and administrative modes of organization were disjunct. Market organization is the province of economists. Internal organization is the concern of organization theory specialist. And never the twain shall meet.

Oliver E. Williamson

To economists, prices serve as crucial signals to producers and consumers. In a regulated market, the state sets prices high enough for private companies to cover their costs and earn a guaranteed profit for their investors. But in a deregulated market, prices should vary with demand and supply.

Alex Berenson

Losses of a kind of satisfaction that have no market equivalent don't show up in the calculations of economists.

Ivan Illich

Just as outright euphoria is often a sign of a market top, fear is for sure a sign of a market bottom. Time and time again, in every market cycle I have witnessed, the extremes of emotion always appear, even among experienced investors. When the world wants to buy only treasury bills, you can almost close your eys and get long stocks.

Michael Steinhardt

When I get hurt in the market, I get the hell out. It doesn't matter at all where the market is trading. I just get out, because I believe that once you're hurt in the market, your decisions are going to be far less objective than they are when you're doing well If you stick around when the market is severely against you, sooner or later they are going to carry you out.

Randy McKay

A Quote by Kapil Sibal

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