5. Economists naively make the mistake of producing a lot of forecasts... which enables us to see whether some economists are better than others (there is no consequential difference) or if there are certain variables for which they are competent (alas, none that are meaningful). - p. 148.
4. Before the proliferation of empirically blind idiot savants, interesting work had been begun by true thinkers... all of whom were displaced because they moved economics away from the precision of second-rate physics. - p.185.
3. Economics is the most insular of fields; it is the one that quotes least from outside itself! Economics is perhaps the subject that currently has the highest number of philistine scholars... - p. 156.
2. Economists often invoke a strange argument by Milton Friedman that states that models do not have to have realistic assumptions to be acceptable - giving them licence to produce severely defective mathematical representations of reality. - p. 280.
1. The Nobel medal in Economics has not been good for society or knowledge... - p. 228
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