“The conventional wisdom is often wrong.”
Steven D. Levitt (1967) American economist
Source: Freakonomics: A Rogue Economist Explores the Hidden Side of Everything
“Economists often like startling theorems, results which seem to run counter to conventional wisdom.”
Autobiographical Essay (2001)
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Joseph E. Stiglitz39
American economist and professor, born 1943. 1943Related quotes
“Wisdom comes from experience. Experience is often a result of lack of wisdom.”
Terry Pratchett (1948–2015) English author
Adlai Stevenson (1900–1965) mid-20th-century Governor of Illinois and Ambassador to the UN
John Stuart Mill, as quoted by Stevenson in Call to Greatness (1954), p. 102; this has also been misquoted as "That which seems the height of absurdity in one generation often becomes the height of wisdom in another."
Misattributed
“The vanity of others runs counter to our taste only when it runs counter to our vanity.”
Friedrich Nietzsche book Beyond Good and Evil
Source: Beyond Good and Evil
Robert L. Heilbroner book The Worldly Philosophers
Source: The Worldly Philosophers (1953), Chapter XI, Beyond the Economic Revolution, p. 317
“It doesn't matter how long it takes, if the end result is a good theorem.”
[Steve Nadis, A History in Sum, https://books.google.com/books?id=4e29AAAAQBAJ&pg=PA207, 1 November 2013, Harvard University Press, 978-0-674-72655-0, 207]
Richard Koch (1950) German medical historian and internist
Source: The 80/20 principle: the secret of achieving more with less (1999), p. 28
“The enemy of the conventional wisdom is not ideas but the march of events.”
John Kenneth Galbraith book The Affluent Society
Source: The Affluent Society (1958), Chapter 2, Section IV, p. 21