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Your Quotes for 5 June 2006 - Economists

Two giants of "The Dismal Science" (economics) were born on this date. Adam Smith, the first major commentator on the subject was born at Kirkcaldy, Fife, Scotland on this day in 1723. John Maynard Keynes, who dominated economic policy thinking for most of the last century, was born at Cambridge, England in 1883. Today's quotes were inspired by this coincidence.

With the greater part of rich people, the chief enjoyment of riches consists in the parade of riches.
     - Adam Smith, 1723 - 1790

The age of chivalry is gone. That of sophisters, economists, and calculators has succeeded.
     - Edmund Burke, 1728 - 1797

In economics, the majority is always wrong.
     - John Kenneth Galbraith

An economist is an expert who will know tomorrow why the things he predicted yesterday didn't happen today.
     - Laurence J. Peter, 1919 - 1990

Lunches don't get free just because you don't see the prices on the menu. And economists don't get popular by reminding people of that.
     - Thomas Sowell

If all the world's economists were laid end to end, we wouldn't reach a conclusion.
     - William Baumol

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