Source: As quoted in The Sunday Star (29 November 1991), South Africa
“Morality, it could be argued, represents the way that people would like the world to work, wheareas economics represents how it actually does work.”
Source: Freakonomics: A Rogue Economist Explores the Hidden Side of Everything
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Steven D. Levitt 9
American economist 1967Related quotes
Freedom Under Siege http://www.ronpaullibrary.org/freedom_under_siege.php (1987).
1980s
07:20–08:05.
"Glenn 'Kane' Jacobs Mental Smackdown of Tennessee Lt Governor" http://www.youtube.com/watch?v=-bWJwJr-R68 (2013)
Context: Keynesian economics is really just models and numbers and how things would work in a laboratory, not how things work in the real world. The beauty of Austrian economics is [that] it studies how things work in the real world. Economics is not a predictive science, okay? You can't say, "If we do this, this is what's gonna happen." It is a descriptive science; in other words, it describes what's going on. Austrian economics says the economy runs itself, and all that we're trying to do is understand how the economy really works.
"Zhirinovsky: 'Europe, you shall tremble!'" in DW News https://www.dw.com/en/zhirinovsky-europe-you-shall-tremble/a-42923191 (11 March 2018)
Medical Ministry (1932), p. 131
"Which Way Forward for Macroeconomics and Policy Analysis?" 2013
Over 1,700 men and women strip naked in square in Germany.. and not a sun lounger in sight, 2012
Preface to the Paperback Edition, p. vii
The Death of Economics (1994)