“Economics should be under no illusion that central banking will ever become a science.”

Source: The theory of money, 1978, p. 296

Adopted from Wikiquote. Last update June 3, 2021. History

Help us to complete the source, original and additional information

Do you have more details about the quote "Economics should be under no illusion that central banking will ever become a science." by Jürg Niehans?
Jürg Niehans photo
Jürg Niehans 5
Swiss economist 1919–2007

Related quotes

Raghuram G. Rajan photo

“Mr Raghuram Rajan is an outstanding man who understands central banking. He is probably only one in the world among the crowds of professors at central banks that actually has a good grip on monetary policies and what you can or cannot achieve with them. He should get the Noble Prize in economics but the others are all money printers at heart, all of them.”

Raghuram G. Rajan (1963) Indian economist

Marc Faber, economist, as quoted in " Raghuram Rajan only central banker I trust, he should get Nobel in Economics: Marc Faber http://articles.economictimes.indiatimes.com/2015-08-12/news/65490521_1_marc-faber-rbi-governor-boom-doom-report", The Economic Times (12 August 2015)

Paul A. Samuelson photo

“Economics never was a dismal science. It should be a realistic science.”

Paul A. Samuelson (1915–2009) American economist

[Samuelson, Paul Anthony, Puttaswamaiah, K., 2002, Paul Samuelson and the Foundations of Modern Economics, 10 http://books.google.co.uk/books?id=_Lvflq4Wv-wC&lpg=PP1&pg=PA10]
New millennium

Alan Blinder photo
Gottfried Feder photo

“Nationalisation of the Reichsbank Pub. Ltd. Co., and the central banks.”

Gottfried Feder (1883–1941) German economist and politician

Source: The German State on a National and Socialist Foundation (1923), p. 54

Nassim Nicholas Taleb photo

“This is the central illusion in life: that randomness is a risk, that it is a bad thing …”

Source: Antifragile: Things That Gain from Disorder (2012), p. 84

José de San Martín photo

“One should be under no illusions as to the future of the Old World. The real contest in the present day is purely social.”

José de San Martín (1778–1850) Argentine general and independence leader

Letter to a General Pinto<!-- (perhaps ?) late 1840s-->, as quoted in ‪Captain of the Andes : The Life of José de San Martín, Liberator of Argentina, Chile and Peru (1943) b‬y Margaret Hayne Harrison, p. 196
Context: One should be under no illusions as to the future of the Old World. The real contest in the present day is purely social. In a word the struggle lies between him who has nothing and him who has. Figure out the consequences of such a principle, infiltrated in the masses by the harangues of the clubs and the reading of millions of pamphlets.

Robert Kuttner photo

“The economic illusion is the belief that social justice is bad for economic growth.”

Robert Kuttner (1943) American journalist

Introduction, p. 1 (First text line.)
The Economic Illusion (1984)

Related topics