FastSaying

Economists agree about economics - and that's a science - and they disagree about economic policy because that's a value judgment... I've had profound disagreements on policy with the famous Milton Friedman. But, on economics, we agree.

Franco Modigliani

AboutAgreeBecauseDisagreeEconomicEconomic PolicyEconomicsEconomistsFamousHadJudgmentMiltonPolicyProfoundScienceValue

Related Quotes

Good environmental policy is good economic policy.
— Bernie Sanders
EconomicEconomic PolicyEnvironmental
My interest in economics has always been in the whole corpus of economic theory, the interrelationships between the various fields of theory and their relevance for the formulation of economic policy.
— James Meade
AlwaysBeenBetween
The world is better served by syncretic economists and policymakers who can hold multiple ideas in their heads than by ‘one-handed’ economists who promote one big idea regardless of context.
— Dani Rodrik
contexteconomicseconomists
In many spheres of human endeavor, from science to business to education to economic policy, good decisions depend on good measurement.
— Ben Bernanke
BusinessDecisionsDepend
The problem is that once we focus on economic policy, much that is not science comes into play. Politics becomes involved, and political posturing is amply rewarded by public attention.
— Robert J. Shiller
AttentionBecomesEconomic