Quote by Laurence J. Peter

An economist is an expert who will know tomorrow why the things he predicted yesterday didn't happen today.

An economist is an expert who will know tomorrow why the thi

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

By Laurence J. Peter

Liked the quote? Share it with your friends.

Random Quotations

I've had two terrific relationships, but both ended in marri

I've had two terrific relationships, but both ended in marriage.

Telling the truth can be a dirty job.

Telling the truth can be a dirty job.

Francesca Marciano

Truth

Literary confessors are contemptible, like beggars who exhib

Literary confessors are contemptible, like beggars who exhibit their sores for money, but not so contemptible as the public that buys their books.

Honesty

France may claim the happiest marriages in the world, but th

France may claim the happiest marriages in the world, but the happiest divorces in the world are made in America.

Divorce

Truth is something believed in heart.Fact is anything happen

Truth is something believed in heart.Fact is anything happened in realities.

Truth Different Fact

The idea that you can merchandise candidates for high office

The idea that you can merchandise candidates for high office like breakfast cereal -- that you can gather votes like box tops -- is, I think, the ultimate indignity to the democratic process.

Adlai Stevenson

Voting

As we celebrate Recovery Month, it is time for Congress to k

As we celebrate Recovery Month, it is time for Congress to knock down the barriers to treatment and recovery for 26 million Americans suffering the ravages of alcohol and drug addiction.

Time

Dynamism is a function of change.

Dynamism is a function of change.

Hillary Clinton

Change

We can't solve problems by using the same kind of thinking w

We can't solve problems by using the same kind of thinking we used when we created them.

Albert Einstein

Problems

Things happened there that I don't think are the finest hour

Things happened there that I don't think are the finest hours for anybody, whether it was a journalist, the legal system or, in that case of the political system, who would say that was an example of when Washington worked best.

There is one purpose to life and one only: to bear witness t

There is one purpose to life and one only: to bear witness to and understand as much as possible of the complexity of the world - its beauty, its mysteries, its riddles. The more you understand, the more you look, the greater is your enjoyment of life and your sense of peace. That's all there is to it. If an activity is not grounded in 'to love' or 'to learn,' it does not have value.

Learning

War is good when good survives and evil is crushed. If you d

War is good when good survives and evil is crushed. If you don't crush evil then evil will get you.

War