A Quote by Robert Solow

Why does a public discussion of economic policy so often show the abysmal ignorance of the participants?

Robert Solow

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Abysmal Discussion Does Economic Economic Policy Ignorance Often Participants Policy Public Show Why

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Robert Solow
American - Economist
Born: August 23, 1924

Avoid any specific discussion of public policy at public meetings.

Quintus Tullius Cicero

The process for producing public policy in Congress is flawed. The process itself kills policy ideas through the bypassing of the rules and procedural decisions that limit discussion.

Dan Webster

There is no better example of social and economic policy discussion as an idle pastime for the rich than the World Economic Forum at Davos. These guys make the millionaire schmoozers at the Aspen Ideas Festival look like short-order cooks.

Timothy Noah

Policy is largely set by economic elites and organized groups representing business interests with little concern for public attitudes or public safety, as long as the public remains passive and obedient.

Noam Chomsky

I think we perhaps are, with sleep, where we were with smoking about 50 years ago, in that we had all of the science, and it was right there for the public discussion, but it's not yet adequately sort of percolated out into policy or even just public wisdom.

Matthew Walker

The more guidance a central bank can provide the public about how policy is likely to evolve the greater the chance that market participants will make appropriate inferences.

Ben Bernanke

Now it is unambiguously clear that trickle-down economics does not work. But what does that mean? That means we have to structure our economic policies to make sure that we have shared prosperity. And you don't do that by giving a tax cut to the big winners and raising taxes on those who have not done very well. Your economic policy has to respond to the way our economic system has been working.

Joseph Stiglitz

I am shocked that Republicans can't explain why our technological and economic advantages are the result of sound monetary and economic policy.

Jack Kemp

We need to revise our economic thinking to give full value to our natural resources. This revised economics will stabilize both the theory and the practice of free-market capitalism. It will provide business and public policy with a powerful new tool for economic development, profitability, and the promotion of the public good.

Paul Hawken

People often ask me where I stand politically. It's not that I disagree with Bush's economic policy or his foreign policy, it's that I believe he was a child of Satan sent here to destroy the planet Earth. Little to the left.

Bill Hicks

The phenomenon of economic ignorance is so widespread, and its consequences so frightening, that the objective of reducing that ignorance becomes a goal invested with independent moral worth. But the economic education needed to reduce such ignorance must be based on austere, objective, scientific content—with no ideological or moral content of its own.

Israel Kirzner

Unsurprisingly, the poll-takers don't talk a lot in public about the ignorance of the electorate on political and public policy matters. And the politicians are not going to disclose the, let's say, limited body of knowledge in their constituencies. You don't get elected calling your voters airheads.

Jack Germond

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

When a person's religious beliefs cause him to deny the evidence of science, or for whom public policy morphs into a battle with the devil, shouldn't that be a subject for discussion and debate?

Lawrence M. Krauss

... often analysis seems to be based on the assumption that future economic output is almost entirely determined by inexorable economic forces independently of government policy so that devoting more resources to one use inevitably detracts from availability for another.

William Vickrey

I have a regret that the entire discussion [with El Chapo]... ignores its purpose, which was to try to contribute to this discussion about the policy in the War on Drugs.

Sean Penn

A Quote by Robert Solow

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