Quotes in economics
Ricardo's "science" was founded on the principle that capital is more or less immobile and labor highly mobile. We are enjoined today to worship the consequences of Ricardo's science, despite the fact that the assumptions on which they are based have been reversed: capital is highly mobile, and labor virtually immobile -- libertarian conservatives lead the way in rejecting Adam Smith's principle that "free circulation of labor" is a cornerstone of free trade, in keeping with their contempt for markets (except for the weak).
More quotes by Noam Chomsky view quote details
Economics is extremely useful as a form of employment for economists.
More quotes by John Kenneth Galbraith view quote details