Follow ES/PE on Facebook
Follow ES/PE on Twitter
My Tweets-
Tags
- academia
- accounting
- austerity
- banking
- banking system
- capital
- capitalism
- central banking
- China
- class
- commercialization
- comparative political economy
- consumerism
- consumption
- corporations
- COVID-19
- credit
- crisis
- Culture
- debt
- democracy
- development
- diffusion
- economic history
- economics
- Economic Sociology
- education
- elite
- embeddedness
- environment
- ethics
- ethnography
- Europe
- European Union
- finance
- financial crisis
- financialization
- financial system
- financial markets
- fiscal sociology
- France
- gender
- Germany
- global governance
- globalization
- global political economy
- Greece
- growth
- higher education
- history of economic thought
- ideas
- inequality
- institutional change
- institutions
- interest groups
- Karl Marx
- Karl Polanyi
- knowledge
- labor
- Latin America
- law
- marketization
- markets
- Marxism
- media
- Middle class
- money
- morality
- neoliberalism
- networks
- policy
- Political economy
- politics
- poverty
- power
- privatization
- public sociology
- race
- regulation
- socialism
- social movements
- social networks
- social sciences
- social studies of finance
- sociology
- Sociology of economics
- sociology of knowledge
- state
- taxation
- trade
- Unions
- United Kingdom
- United States
- valuation
- varieties of capitalism
- wealth
- welfare
- work
- market fundamentalism
- culture
Top Posts & Pages
- Albert Einstein on the power of ideas and imagination in science
- Remember the Golden Rule! Whoever has the gold, makes the rules!
- Thatcherism's greatest achievement
- Karl Marx on the Weight of History
- What is Historical Sociology? Understanding the origins of the current social world and the consequences of its transformations
- Rise like Lions after slumber in unvanquishable number, Shake your chains to earth like dew... Ye are many — they are few
- Yes, the planet got destroyed. But for a beautiful moment in time we created a lot of value for shareholders!
- If you think the economy is more important than the environment, try holding your breath while counting your money
- The joke goes like this: A physicist, an engineer and an economist are stranded in the desert...
- Karl Marx on Free Time - Time for the Full Development of the Individual
Categories
Archives
- July 2021
- June 2021
- May 2021
- April 2021
- March 2021
- February 2021
- January 2021
- December 2020
- November 2020
- October 2020
- September 2020
- August 2020
- July 2020
- June 2020
- May 2020
- April 2020
- March 2020
- February 2020
- January 2020
- December 2019
- November 2019
- October 2019
- September 2019
- August 2019
- July 2019
- March 2019
- January 2019
- December 2018
- November 2018
- October 2018
- September 2018
- August 2018
- July 2018
- June 2018
- May 2018
- April 2018
- March 2018
- February 2018
- January 2018
- December 2017
- November 2017
- October 2017
- September 2017
- August 2017
- July 2017
- June 2017
- May 2017
- April 2017
- March 2017
- February 2017
- January 2017
- December 2016
- November 2016
- October 2016
- September 2016
- August 2016
- July 2016
- June 2016
- May 2016
- April 2016
- March 2016
- February 2016
- January 2016
- December 2015
- November 2015
- October 2015
- September 2015
- August 2015
- July 2015
- June 2015
- May 2015
- April 2015
- March 2015
- February 2015
- January 2015
- December 2014
- November 2014
- October 2014
- September 2014
- August 2014
- July 2014
- June 2014
- May 2014
- April 2014
- March 2014
- February 2014
- September 2013
- December 2011
- November 2011
- October 2011
- September 2011
- August 2011
- July 2011
- June 2011
ES/PE on Social Media
Category Archives: Economists quotes on economics
Nobel winner Paul Romer on the backwardness of economics and economists’ misleading use of math
A fresh Nobel Prize laureate in economic sciences Paul Romer published three years ago an interesting short paper “Mathiness in the Theory of Economic Growth”. His main assertion (which granted him with colleagues’ reactions such as “don’t make waves“) was that … Continue reading
Robert Solow’s sarcastic economics
Robert Solow, one of the most honored and influential economist of the second half of the 20th century, has been involved throughout his career in a series of polemics with several neoliberal (and other) economists in academia and government. Along with substantial assertions and explanations, … Continue reading
The Art of Central Banking (3) — No working theory of inflation and economists’ instinctual attachment to concepts
Daniel K. Tarullo, a former member of the Board of Governors of the United States Federal Reserve, draws two sharp and sound, yet unsurprising, conclusions from his eight-year (2009-2017) service: “The substantive point is that we do not, at present, have a … Continue reading
Economics of Simplism, or why some countries are rich and others poor
“The use of knowledge by one producer does not prevent its use by others. Thus there is no inherent reason that producers in poor countries cannot use the same knowledge as producers in rich countries. If the relevant knowledge is publicly available, poor countries … Continue reading
Joan Robinson: Solutions offered by economists are no less delusory than those of the theologians
The brilliant Joan Robinson concludes her insightful book Economic Philosophy: “The neo-classical heritage still has a great influence, not only on the teaching of economics but in forming public opinion generally, or at least in providing public opinion with its … Continue reading
Economics is an Imperial Science
George Stigler, a founding member of Mont Pelerin Society and a key preacher of neoliberal economics, on what he proudly calls “economist-missionaries” (1984: 304) : “So economics is an imperial science: it has been aggressive in addressing central problems in a considerable number … Continue reading
The Art of Central Banking
– “How does the central bank decide on interest rate? By taking all the data together and using a formula?” – “This is art, not science.” (The Governor of the Central Bank of Israel Karnit Flug reveals the secret of monetarism … Continue reading
No Reality, Please. We’re Economists.
Professor Mark Blaug (1927–2011) was a distinguished Dutch-born British economist and historian of economics. Besides shorter periods in public service in international organisations (such as UNESCO, ILO, World Bank), he has held academic appointments in several prestigious universities worldwide. Apart … Continue reading
Horses and Economics – from the horse’s mouth
Ely Devons, an English economist, once said at a meeting, “If economists wished to study the horse, they wouldn’t go and look at horses. They’d sit in their studies and say to themselves, ‘What would I do if I were a … Continue reading
Camels, mathematics and the history of economics
“By 1935 economics entered into a mathematical epoch. It became easier for a camel to pass through the eye of a needle than for a non-mathematical genius to enter into the pantheon of original theorists.” Paul Samuelson (1976: 25) This sharp … Continue reading
Posted in Books, Economists quotes on economics
Tagged economics, Keynesianism, policy, sociology of knowledge, taxation
2 Comments
Robert Heilbroner: “The prestige accorded to mathematics in economics has given it rigor, but, alas, also mortis”
“Economics is not a scientific discipline like the natural sciences, and that no cumulative advance describes its changeful form over the years… The chapter we call modern economics, compared with earlier chapters of our discipline, is shallow and poor rather … Continue reading
Paul Volcker: “The economics profession is in trouble… We need to pull economics back into the real world of Political Economy.”
Paul Volcker, the former Chairman of the Federal Reserve under Presidents Carter and Reagan (1979 – 1987), has been a key figure in leading the Neoliberal-Monetarist policy shift in the US economy. Although it is never too late to repent, as he partially … Continue reading
Gregory Mankiw: “Economic science is still a primitive body of knowledge.”
From the horse’s mouth: Professor Gregory Mankiw (Chair of Economics Department, Harvard University) on economics: “The economy is complex, and economic science is still a primitive body of knowledge.” From his op-ed in New York Times, March 22, 2014 *** Join the … Continue reading
Ben Bernanke on economics and economic forecasting
In his remarks at Princeton University Baccalaureate Ceremony in June 2013, several months before he left office, the former chairman of the Federal Reserve and an eminent economist Ben Bernanke released into the world this frank insight: “Economics is a highly … Continue reading
Joan Robinson: Economics has always been partly a vehicle for the ruling ideology
“Economics… has always been partly a vehicle for the ruling ideology of each period as well as partly a method of scientific investigation.” … Continue reading
