Quote by John Hicks
There is much of economic theory which is pursued for no better reason than its intellectual attraction; it is a good game. We have no reason to be ashamed of that, since the same would hold for many branches of mathematics.
Summary
This quote suggests that a significant portion of economic theory is driven by its intellectual appeal rather than practical application. The author compares it to playing a game, implying that sometimes the pursuit of economic theories is simply for the pleasure and challenge it provides, much like engaging in certain branches of mathematics. The quote aims to argue that this pursuit shouldn't be viewed negatively or judged, as other academic disciplines also possess aspects pursued for the sake of intellectual curiosity rather than immediate utility.
Topics
Economics
By John Hicks
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