#economists

It's clear that policymakers and economists are going to be interested in the measurement of well-being primarily as it correlates with health; they also want to know whether researchers can validate subjective responses with physiological indices. ↗

— Daniel Kahneman

#clear #economists #going #health #interested

If economists could manage to get themselves thought of as humble, competent people on a level with dentists, that would be splendid. ↗

— John Maynard Keynes

#could #economists #get #humble #level

Economists treat economics as if it is a pure science divorced from the facts of life. The result of this false accountancy is a willful confusion under cover of which industry wreaks its havoc scot-free and ignores the environmental cost. ↗

— Vivienne Westwood

#cost #cover #divorced #economics #economists

Most economists are accustomed to treating companies as idyllic places where everyone is devoted to a common goal: making as much money as possible. In the real world, that’s not how things work at all. Companies aren’t big happy families where everyone plays together nicely. Rather, most workplaces are made up of fiefdoms where executives compete for power and credit, often in hidden skirmishes that make their own performances appear superior and their rivals’ seem worse. Divisions compete for resources and sabotage each other to steal glory. Bosses pit their subordinates against one another so that no one can mount a coup. Companies aren’t families. They’re battlefields in a civil war. Yet despite this capacity for internecine warfare, most companies roll along relatively peacefully, year after year, because they have routines – habits – that create truces that allow everyone to set aside their rivalries long enough to get a day’s work done. ↗

— Charles Duhigg

#economists #workplace #business

If all the economists in the world were laid end to end, it wouldn't be a bad thing. ↗

— Peter Lynch

#bad thing #economists #end #laid #thing

When better business decisions are made, economists won't make them. ↗

— Herbert Prochnow

#business #decisions #economists #made #make

Economists often like startling theorems, results which seem to run counter to conventional wisdom. ↗

— Joseph Stiglitz

#conventional wisdom #counter #economists #like #often

If all the economists were laid end to end, they'd never reach a conclusion. ↗

— George Bernard Shaw

#conclusion #economists #end #laid #never

Economists are coming to acknowledge that measures of national wealth and poverty in terms strictly of average income tell you little that is significant of the health or viability of a society. ↗

— Rowan D. Williams

#average #coming #economists #health #income

With respect to the first of these obstacles, it has often been made a matter of grave complaint against Political Economists, that they confine their attention to Wealth, and disregard all consideration of Happiness or Virtue. ↗

— Nassau William Senior

#attention #been #complaint #confine #consideration