Quote by Laurence J. Peter
An economist is an expert who will know tomorrow why the things he predicted yesterday didn't happen today.
Summary
This quote humorously highlights the difficulty economists often face when predicting future economic events. It suggests that economists sometimes appear to have an explanation or justification for why their previous predictions did not come true. It pokes fun at the complexity of economic dynamics and the inherent uncertainty involved in making accurate predictions. The quote underscores the idea that the nature of economics is often characterized by post-hoc analysis and interpretation.
Topics
Business
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