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

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