None of this excuses anyone from mastering the basic ideas and terminology of economics. The intelligent layman must expect also to encounter good economists who are difficult writers even though some of the best have been very good writers. He should know, moreover, that at least for a few great men ambiguity of expression has been a positive asset. But with these exceptions he may safely conclude that what is wholly mysterious in economics is not likely to be important. .John Kenneth Galbraith
About This Quote
The idea that economics is not important is the same type of thing that the money in my pocket is not real. There are some people who believe that economics cannot be understood by an average person, but economists know differently. Economics is the most important subject in the world because you can use it to help solve many problems. It is important that any intelligent layman understand this, and know that there are few great economists who are not good writers!
Source: Economics Peace And Laughter
Some Similar Quotes
- This is what love does: It makes you want to rewrite the world. It makes you want to choose the characters, build the scenery, guide the plot. The person you love sits across from you, and you want to do everything in your power to...
- Some moments are nice, some arenicer, some are even worthwritingabout.
- Living with him is like being told a perpetual story: his mind is the biggest, most imaginative I have ever met. I could live in its growing countries forever.
- There comes a time in your life when you have to choose to turn the page, write another book or simply close it.
- When you're missing a peice of yourself, aching, gut wrenching emptiness begins to take over. Until you find the link that completes your very soul, the feeling will never go away. Most people find a way to fill this void, material possessions, a string of...
More Quotes By John Kenneth Galbraith
- Wisdom, itself, is often an abstraction associated not with fact or reality but with the man who asserts it and the manner of its assertion.
- Good writing, and this is especially important in a subject such as economics, must also involve the reader in the matter at hand. It is not enough to explain. The images that are in the mind of the writer must be made to reappear in...
- None of this excuses anyone from mastering the basic ideas and terminology of economics. The intelligent layman must expect also to encounter good economists who are difficult writers even though some of the best have been very good writers. He should know, moreover, that at...
- One of the greatest pieces of economic wisdom is to know what you do not know.
- I am worried about our tendency to over invest in things and under invest in people.