“Ideas in which economists have reposed the greatest confidence have been proved wrong and therewith, not surprisingly, the responding policy. And this has happened under circumstances which admit of no really plausible explanation, rationalization, or alibi—things in which we economists are more than minimally accomplished. There was, to be sure, more than a suspicion of […]
Economists quotes on economics
Wassily Leontief, a Russian-born U.S. economist, was and still is one of the most recognized names in economics, linked to the development of input-output analysis for which he won the “Nobel Prize” in Economic Sciences in 1973. Leontief earned his Ph.D. degree under the direction of a German economist and sociologist Werner Sombart in Berlin […]