unastronaut*

Feet on the ground – head in the clouds.

The Stand-Up Economist: a personal favorite

with one comment

This is true, informative (if you have already tirelessly memorized the original ten principles) and worth the watch. It’s the basic idea behind two of my favorite quotes about economists:

  • If you spent fourteen minutes talking to an economist, you’ve wasted twelve minutes. – Author Unknown
  • If all economists were laid end to end, they would not reach a conclusion. – George Bernard Shaw
  • It’s the problem with economics, and a lot of other things in this world. People who become experts don’t always know everything, but they have more resources. In the world in which I live, repeating something still doesn’t make it true, how about in your reality?

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    Written by unastronaut

    April 7, 2008 at 7:30 pm

    One Response

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    1. “People who become experts don’t always know everything, but they have more resources. In the world in which I live, repeating something still doesn’t make it true, how about in your reality?”

      How true – and in practice, higher level expertise means that the conclusions get more subtle, less clean, or sometimes downright useless.

      Repetition doesn’t make it true, but can sometimes sway the press or the public.

      catofgrey

      April 21, 2008 at 3:30 pm


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