Lawrence Klein (1920–2013) American economist
“The only function of economic forecasting is to make astrology look respectable.”
Though often attributed to Galbraith, as early as 1988 in U.S. News & World Report, the earliest publications of this statement, in The Bulletin (1984) and Reader's Digest (1985) attributes it to Ezra Solomon.
Misattributed
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John Kenneth Galbraith207
American economist and diplomat 1908–2006Related quotes
Warren Buffett (1930) American business magnate, investor, and philanthropist
1992 Chairman's Letter http://www.berkshirehathaway.com/letters/1992.html <br class="br">Letters to Shareholders (1957 - 2012)
Kenneth E. Boulding (1910–1993) British-American economist
Kenneth Boulding (1990). "Taxonomy as a Source of Error." in Methodus Vol 2. p. 17-21, as cited in: Deirdre McCloskey (2013) " What Boulding Said Went Wrong with Economics, A Quarter Century On http://www.deirdremccloskey.com/editorials/boulding.php" <br class="br">1990s and attributed
L. K. Samuels (1951) American writer
Source: In Defense of Chaos: The Chaology of Politics, Economics and Human Action, (2013), p. 16
“Writers are not, by nature, respectable: their function is to be subversive.”
Anthony Burgess (1917–1993) English writer
Non-Fiction, Homage to QWERT YUIOP: Selected Journalism 1978-1985 (1986)
Nassim Nicholas Taleb (1960) Lebanese-American essayist, scholar, statistician, former trader and risk analyst
Source: The Black Swan: The Impact of the Highly Improbable (2007), p. 162
Joseph Campbell (1904–1987) American mythologist, writer and lecturer
Lecture 1B, 8:20
Mythology and the Individual (1997)
Context: All cultures … have grown out of myths. They are founded on myths. What these myths have given has been inspiration for aspiration. The economic interpretation of history is for the birds. Economics is itself a function of aspiration. It’s what people aspire to that creates the field in which economics works.
“There’s such a thing as spiritual capital that has economic function and potential.”
Ted Malloch (1952) American businessman
Source: Doing Virtuous Business (Thomas Nelson, 2011), p. 15.
“The economic system is, in effect, a mere function of social organization.”
Karl Polanyi book The Great Transformation
The Great Transformation (1944), Ch. 4 : Societies and Economic Systems