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John Kenneth Galbraith

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I write with two things in mind. I want to be right with my fellow economists. After all, I've made my life as a professional economist, so I'm careful that my economics is as it should be. But I have long felt that there's no economic proposition that can't be stated in clear, accessible language. So I try to be right with my fellow economists, but I try to have an audience of any interested, intelligent person.

 
John Kenneth Galbraith

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In 1879, American economist Francis Walker tried to explain why members of his profession were in such "bad odor amongst real people". He blamed it on their inability to understand why human behavior fails to comply with economic theory. We do not always act the way economists think we should, mainly because we're both less selfish and less rational than economists think we are. Economists are being indoctrinated into a cardboard version of human nature, which they hold true to such a degree that their own behavior has begun to resemble it. Psychological tests have shown that economics majors are more egoistic than the average college student. Exposure in class after class to the capitalist self-interest model apparently kills off whatever prosocial tendencies these students have to begin with. They give up trusting others, and conversely others give up trusting them. Hence the bad odor.

 
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Schwartz closed his eyes. “My grandmother told me never to get mixed up with economists. Their thinking is muddy and their breath is bad, she said. She also warned me against Yale men. Perverts of the intellect, she called them. So here I am cooped up on an interstellar ship with five hundred alien creatures and one fellow human, and he has to be an economist from Yale.”

 
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A distinguished economist, on being asked to define the subject matter of his science, once replied, "Economics is what economists do."

 
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In short, I do not write for mathematicians, nor as a mathematician, but as an economist wishing to convince other economists that their science can only be satisfactorily treated on an explicitly mathematical basis.

 
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