from the La Bocca della Verita blog:
"It is unreasonable to expect the economist to forecast correctly what will actually happen as it would be to expect a doctor to prognosticate when his patient will be the victim of a railroad accident and how this will affect his state of health."
Wondering where and when he said that, the Oracle Google was consulted concerning one Joseph A. Schumpeter. Did not find the quote above, but did turn up the following additional dandy quotes:
"Gentlemen, a depression is for capitalism like a good, cold douche."
"I felt it my duty to take, and to inflict upon the reader, considerable trouble in order to lead up effectively to my paradoxical conclusion: capitalism is being killed by its achievements."
“The first thing a man will do for his ideal is lie”
"Any existing structures and all the conditions of doing business are always in a process of change. Every situation is being upset before it has had time to work itself out. Economic progress, in a capitalist society, means turmoil."
"We always plan too much and always think too little."
"The stock exchange is a poor substitute for the Holy Grail."
"Nothing is so treacherous as the obvious."
"Bureaucracy is not an obstacle to democracy but an inevitable complement to it."
"It is not true that democracy will always safeguard freedom of conscience better than autocracy. Witness the most famous of all trials. Pilate was, from the standpoint of the Jews, certainly the representative of autocracy. Yet he tried to protect freedom. And he yielded to a democracy."
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