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"Nothing has done more to render modern economic theory a sterile and irrelevant exercise in autoeroticism than its practitioners’ obsession with mathematical, general-equilibrium models."

— Robert Higgs
robert higgs Quotes Obsession,Mathematical,Irrelevant

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R
Robert Higgs
Obsession
Mathematical
Irrelevant
Economic Theory
Equilibrium
Exercise

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It is thus hardly surprising that so many of the great minds in recent history have concerned themselves with economic matters. Indeed, they have come to regard economic theory in precisely the same way the ancient philosophers viewed the heavens - as the key to understanding and controlling our fate.

— Paul Zane Pilzer

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The purpose of economic theory is to make those who are comfortable FEEL comfortable.

— Thomas Balogh, Baron Balogh

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