Quote of the day 9th March 2015

As an economist I am indebted to the My Whitehaven facebook page for today's quote of the day:


"Ask five economists and you'll get five different answers - six if one went to Harvard."

(Edgar Fiedler)

Comments

Jim said…
Why not make it 12? - just wait a week and ask them all again.

Anonymous said…
Economics is not a science, it is educated guesswork. We can all do that.
Chris Whiteside said…
I spent five years as a student at two different universities studying Economics. At that time there was quite a lot of debate about whether the discipline was a science or not.

It is perhaps a reflection of that debate that my two degrees in the subject are respectively Batchelor of Science and Master of Arts.

Like all the disciplines which are sometimes called "social sciences" economics has to deal with the extra uncertainty which results from dealing with people.

There is however, a bit more to the discipline than educated guesswork.
Anonymous said…
That's one Economists opinion.
Chris Whiteside said…
Yes it is, but you may have found one of the few subjects most qualified economists would agree about!

Popular posts from this blog

Nick Herbert on his visit to flood hit areas of Cumbria

Quotes of the day 19th August 2020

Quote of the day 24th July 2020