Quote by John Kenneth Galbraith
One of the greatest pieces of economic wisdom is to know what you do not know.
Summary
This quote suggests that in the field of economics, it is essential to recognize and acknowledge the limits of one's knowledge. It emphasizes the importance of understanding that no individual can be fully knowledgeable in all aspects of economics. By acknowledging what we do not know, we are more likely to seek out additional information, consult experts, and make informed decisions. This quote highlights the humility necessary in economic study and practice, encouraging continuous learning and growth for better decision-making.