21 September 2009

Monday Macroeconomics Quotes

Macroeconomics is the triumph of hope over experience, and has been no more successful than sociology. . . .

Macroeconomists are demonstrably not helpful to those institutions that could use economic expertise. Macroeconomists know a lot of stuff, just not anything useful.


- Dr. Eric Falkenstein (via Angry Bear).

At least when physics looks for GUTs, they know when they haven't found one.


- Angry Bear

No comments: