A Quote by Robert Kuttner

What do you call an economist with a prediction? Wrong. — © Robert Kuttner
What do you call an economist with a prediction? Wrong.
There is no example of someone reading their scripture and saying, 'I have a prediction about the world that no one knows yet, because this gave me insight. Let's go test that prediction,' and have the prediction be correct.
I'm an economist by training. I don't really work as an economist. I only worked briefly as an economist.
Nobody believes a weather prediction twelve hours ahead. Now we're being asked to believe a prediction that goes out 100 years into the future? And make financial investments based on that prediction? Has everybody lost their minds?
Any believable prediction will be wrong. Any correct prediction will be unbelievable.
If you are a good economist, a virtuous economist, you are reborn as a physicist. But if you are an evil, wicked economist, you are reborn as a sociologist.
Experimental confirmation of a prediction is merely a measurement. An experiment disproving a prediction is a discovery.
There is only one difference between a bad economist and a good one: the bad economist confines himself to the visible effect; the good economist takes into account both the effect that can be seen and those effects that must be foreseen.
A prediction, in a field where prediction is not possible, is no more than a prejudice.
Be flexible. Don't be afraid to change your mind. If you're wrong, change your mind. If you go down the wrong path, and you're down 10-12%, it's better to sell down 15% versus 50%. If you have an idea that something is going to happen, you're predicting the future, and it's OK to be wrong. Where you can go wrong is by making a prediction that doesn't come true, and then sticking with it.
Nobody wants a prediction that the future will be more or less like the present, even if that is, statistically speaking, an excellent prediction.
I never make a prediction that can be proved wrong within 24 hours.
I was born with the wrong sign In the wrong house With the wrong ascendancy I took the wrong road That led to The wrong tendencies I was in the wrong place At the wrong time For the wrong reason And the wrong rhyme On the wrong day Of the wrong week Used the wrong method With the wrong technique Wrong Wrong.
The bad economist sees only what immediately strikes the eye; the good economist also looks beyond. The bad economist sees only the direct consequences of a proposed course; the good economist looks also at the longer and indirect consequences. The bad economists sees only what the effect of a given policy has been or will be on one particular group; the good economist inquires also what the effect of the policy will be on all groups
I shall go further and say that even if an examination of the past could lead to any valid prediction concerning man's future, that prediction would be the contrary of reassuring.
The experience of being disastrously wrong is salutary, no economist should be denied it, and not many are.
A prediction is a prediction because it's predictable.
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