Economist Quote of the Day

16 February 2009 at 11:13 am Leave a comment

| Peter Klein |

John Nye gets the honor, quoted in a St. Louis Post-Dispatch story on the newfound popularity of economists (via Travis):

For economist John Nye, the financial crisis has meant new questions at dinner parties and children’s birthday parties.

But Nye, a former Washington University professor who now teaches at George Mason University in Virginia, noted an irony in his profession’s new-found popularity. He said most people — including government officials — seemed to ignore economists during the good times, but they are turning to economists now, even though there is little consensus among economists about what to do.

“We’re confused,” said Nye, “and yet folks want to listen to us even more.”

I sometimes think that being an economist today is like being an epidemiologist during the Black Plague. Everybody has questions, but nobody likes the answers.

Entry filed under: - Klein -, Ephemera.

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