“Economists often like startling theorems, results which seem to run counter to conventional wisdom.”

Autobiographical Essay (2001)

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 "Economists often like startling theorems, results which seem to run counter to conventional wisdom." by Joseph E. Stiglitz?
Joseph E. Stiglitz photo
Joseph E. Stiglitz 39
American economist and professor, born 1943. 1943

Related quotes

Steven D. Levitt photo

“The conventional wisdom is often wrong.”

Steven D. Levitt (1967) American economist

Source: Freakonomics: A Rogue Economist Explores the Hidden Side of Everything

Adlai Stevenson photo

“That which seems the height of absurdity in one generation often becomes the height of wisdom in the next.”

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

Friedrich Nietzsche photo
T. E. Hulme photo

“A poem is good if it contains a new analogy and startles the reader out of the habit of treating words as counters.”

T. E. Hulme (1883–1917) English Imagist poet and critic

Speculations (Essays, 1924)

“It is from the scope and wisdom of the economists of the past that we must reap the knowledge with which to face the future.”

Source: The Worldly Philosophers (1953), Chapter XI, Beyond the Economic Revolution, p. 317

Paul Krugman photo

“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 photo

“Conventional wisdom is not to put all of your eggs in one basket. 80/20 wisdom is to choose a basket carefully, load all your eggs into it, and then watch it like a hawk.”

Richard Koch (1950) German medical historian and internist

Source: The 80/20 principle: the secret of achieving more with less (1999), p. 28

John Kenneth Galbraith photo

“The enemy of the conventional wisdom is not ideas but the march of events.”

Source: The Affluent Society (1958), Chapter 2, Section IV, p. 21

Related topics