If economists could manage to get themselves thought of as humble, competent people on a level with dentists, that would be splendid.
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If economists could manage to get themselves thought of as humble, competent people on a level with dentists, that would be splendid.
It is better to be roughly right than precisely wrong.
The ideas of economists and political philosophers, both when they are right and when they are wrong are more powerful than is commonly understood. Indeed, the world is ruled by little else. Practical men, who believe themselves to be quite exempt from any intellectual influences, are usually slaves of some defunct economist.
For the importance of money essentially flows from its being a link between the present and the future.
I do not know which makes a man more conservative: to know nothing but the present, or nothing but the past.