Why does Camelot lie in ruins? Intellectual error of monumental proportion has been made, and not exclusively by the politicians. Error also lies squarely with the economists. The "academic scribbler" who must bear substantial responsibility is Lord Keynes...
--
James M. Buchanan, in The Consequences of Keynes written with Richard E. Wagner and John Burton (1978)John Maynard Keynes
» John Maynard Keynes - all quotes »
He wrote or co-authored 1,475 academic papers, many of them monumental, and all of them substantial. It wasn't just the quantity of work that was impressive but the quality: "There is an old saying," said Erdős. "Non numerantur, sed ponderantur (They are not counted but weighed).
Paul Erdos
When things get bad enough, then something happens to correct the course. And it's for that reason that I speak about evolution as an error-making and an error-correctiong process. And if we can be ever so much better — ever so much slightly better — at error correcting than at error making, then we'll make it.
Jonas Salk
The ideas of economists and political philosophers, both when they are right and when they are wrong, are more powerful than is commonly understood. Indeed the world is ruled by little else. Practical men, who believe themselves to be quite exempt from any intellectual influence, are usually the slaves of some defunct economist. Madmen in authority, who hear voices in the air, are distilling their frenzy from some academic scribbler of a few years back. I am sure that the power of vested interests is vastly exaggerated compared with the gradual encroachment of ideas.
John Maynard Keynes
It is almost as difficult to make a man unlearn his errors as his knowledge. Mal-information is more hopeless than non-information; for error is always more busy than ignorance. Ignorance is a blank sheet, on which we may write; but error is a scribbled one, on which we must first erase. Ignorance is contented to stand still with her back to the truth; but error is more presumptuous, and proceeds in the same direction. Ignorance has no light, but error follows a false one. The consequence is, that error, when she retraces her footsteps, has further to go, before she can arrive at the truth, than ignorance.
Charles Caleb Colton
We must understand that the fact of error, demonstrated in subsequent work, does not suggest that ethical lapses are responsible. It is more likely that the source of error is, as the advertisement says, a reflection of the fact that "its dangerous to trifle with Mother Nature".
Lewis M. Branscomb
Keynes, John Maynard
Keys, Alicia
A
B
C
D
E
F
G
H
I
J
K
L
M
N
O
P
Q
R
S
T
U
V
W
X
Y
Z