Quote by John Kenneth Galbraith

In economics, hope and faith coexist with great scientific pretension and also a deep desire for respectability.

In economics, hope and faith coexist with great scientific p

Summary

This quote highlights the complex nature of economics as a field. It suggests that although economists strive for scientific objectivity and credibility, there is room for subjective hopes and faith-based beliefs. It implies that economists try to balance empirical evidence and logical analysis with their aspirations and desire for recognition. Ultimately, the quote insinuates that economics, like any social science, is influenced by both scientific methodology and the human quest for validation and optimism.

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By John Kenneth Galbraith

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