All archives
Previous Issue (4 June 2004) | Current month | Next Issue (6 June 2004)

Quotes of the Day for 5 June 2004 – 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.

Van's signature


The quotes:

On the road from the City of Skepticism, I had to pass through the Valley of Ambiguity.
     - Adam Smith, 1723 - 1790

Economics is extremely useful as a form of employment for economists.
     - John Kenneth Galbraith

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

Isn't it interesting that the same people who laugh at science fiction listen to weather forecasts and economists?
     - Kelvin Throop III

In all recorded history there has not been one economist who has had to worry about where his next meal would come from.
     - Peter Drucker

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


Do you see an error on this page? A typo, a character that is messed up, a misattribution? Please let us know!