A Quote by Herbert Stein

Whatever may be the distribution of uncertainty among economists, the public only gets to hear from those who have certain opinions. — © Herbert Stein
Whatever may be the distribution of uncertainty among economists, the public only gets to hear from those who have certain opinions.
It's a little bit of a shame when I see some fans saying, 'Can you do me a favor and not ask questions to the fighters or the athletes about political stuff, cause we don't care about their opinions, we don't want to hear that, this is not that platform, if we wanted to hear that we would turn to CNN or FOX or ABC,' or whatever the case may be.
We're all entitled to opinions about how art institutions should behave, and entitled to voicing those opinions through whatever means available to us. We're also allowed to change or modify our opinions.
One speaks with great respect of economists, if only because they represent such a variety of opinions.
You must eliminate from your thoughts all doubt and uncertainty that you will get well; that you will succeed; that you will gain your point and get what you want. You may have some uncertainty as to methods, but you must have none as to ultimate results. You may not feel certain that you will succeed today, or next week, but you must feel certain that you will succeed sometime.
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.
The real scientific study of the distribution of wealth has, we must confess, scarcely begun. The conventional academic study of the so-called theory of distribution into rent, interest, wages, and profits is only remotely related to the subject. This subject, the causes and cures for the actual distribution of capital and income among real persons, is one of the many now in need of our best efforts as scientific students of society.
The view that honesty is something, and even a virtue, belongs, it is true, to those private opinions which are forbidden in this age of public opinions.
That economic decisions are made without certain knowledge of the consequences is pretty self-evident. But, although many economists were aware of this elementary fact, there was no systematic analysis of economic uncertainty until about 1950.
When people ask me about my dialogue, I say, 'Don't you hear people talking?' That's all I do. I hear a certain type of individual, I decide this is what he should be, whatever it is, and then I hear him. Well, I don't hear anybody that I can't make talk.
I actually don't have...opinions. I'm not being secretive about anything. I just actually don't have opinions about society. I can discern that certain things have an effect on certain other things but I don't view those effects as good or bad.
I tend to solicit opinions from all those around me. I like to hear opinions and the rationale behind it from everybody in the room. Perhaps it's the result of going to law school and using the Socratic method.
The need for de-development presents our economists with a major challenge. They must design a stable, low-consumption economy in which there is a much more equitable distribution of wealth than in the present one. Redistribution of wealth both within and among nations is absolutely essential if a decent life is to be provided for every human being.
It degrades from the equal rank of Citizens all those whose opinions in Religion do not bend to those of the Legislative authority. Distant as it may be in its present form from the Inquisition, it differs from it only in degree.
Fame is an empty noise. Let us put our ears to the centuries that have gone: we no longer hear anything; those who, at another time, shall walk among our urns, shall hear no more. The good - that is what we must pursue, whatever the price, preferring the title of a dead hero to that of a living coward.
Economists are economical, among other things, of ideas; most make those of their graduate days do for a lifetime.
There is something, however humble, which can properly be called skill among those who recognise themselves as economists.
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