Fed experts

Usage examples of economists.

White House for alternative ideas, especially from economists and academics of all kinds.

According to a study conducted by the economists Richard Vedder, Lowell Gallaway, and David C.

On April 6, following the first protests against the price increases, Olivera, a trade union official, with a coalition of 14 economists, parliamentarians, lawyers and community leaders, accepted a government invitation to discuss the IWL price hikes.

Even the half-baked economists at the IMF should know that holding back government spending in a contracting economy is like turning off the engines on an aeroplane in stall.

Yet I brought away an impression that here was a rightness that earthly economists have failed to grasp.

Few earthly economists have been able to disentangle themselves from patriotisms and politics, and their obsession has always been international trade.

This may be in the nature of retaliation for the indifference to humanity taught by a certain school of political economists, but it is, nevertheless, one of the most alarming features of these times.

If, to take an illustration which is sufficiently remote to give us the necessary perspective, if the political economists, the manufacturers, the traders and aristocracy of England had had chiefly in mind the development of the laboring people of England into a fine type of men and women, full of health and physical vigor, with minds capable of expansion and enjoyment, the creation of decent, happy, and contented homes, would they have reared the industrial fabric we now see there?

It is not necessary to suppose that the political economists were inhuman.

But the academic economists, and still more so Marx and his followers, refuse to deal with these fundamentals, and, with a stupid pose of sound practical wisdom, insist on opening up their case with an uncritical acceptance of the common antagonism of employers and employed and a long rigmarole about profits and wages.

If a century and a half ago the world had submitted its problems of transport to the economists, they would have put aside, with as little wasted breath and ink as possible, all talk about railways, motorcars, steamships, and aeroplanes, and, with a fine sense of extravagance rebuked, set themselves to long neuralgic dissertations, disputations, and treatises upon highroads and the methods of connecting them, turnpike gates, canals, influence of lock fees on bargemen, tidal landing places, anchorages, surplus carrying capacity, carriers, caravans, hand-barrows, and the pedestrianariat.

The psychology of economic co-operation is still only dawning, and so the economists and the doctrinaire socialists have had the freest range for pedantry and authoritative pomp.