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Quotes of the Day for 5 June 2002 – Economists

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

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The quotes:

Capitalism is the astounding belief that the most wickedest of men will do the most wickedest of things for the greatest good of everyone.
     - John Maynard Keynes, 1883 - 1946

Government spending? I don't know what it's all about. I don't know any more about this thing than an economist does, and, God knows, he doesn't know much.
     - Will Rogers, 1879 - 1935

Ask five economists and you'll get five different explanations - six if one went to Harvard.
     - Edgar R. Fiedler

The economy depends about as much on economists as the weather does on weather forecasters.
     - Jean-Paul Kauffmann

In the long run we are all dead.
     - John Maynard Keynes, 1883 - 1946


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