John Kenneth GalbraithEconomics is extremely useful as a form of employment for economists.
About This Quote
Economists are extremely useful as a form of employment for economists. Economists study the way people make decisions, including the way they make financial decisions. Economists help businesses make decisions about what to produce, how to produce it, and how much to produce it. Economists help companies make decisions about what to buy and how much to buy. They also help governments decide what taxes to place on goods and services, and they help individuals decide how much money they should spend on food, housing, entertainment, clothing, transportation, health care, education, or other items.
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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...
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