Background Image
The bad economist sees only what immediately strikes the eye; the good economist also looks beyond. the bad economist sees only the direct consequences of a proposed course; the good economist looks also at the longer and indirect consequences. the bad economists sees only what the effect of a given policy has been or will be on one particular group; the good economist inquires also what the effect of the policy will be on all groups
-Henry Hazlitt
Please Wait....
Translating....

The Bad Economist Sees Only What Immediately

Henry Hazlitt
The bad economist sees only what immediately strikes the eye; the good economist also looks beyond. the bad economist sees only the direct consequences of a proposed course; the good economist looks also at the longer and indirect consequences. the bad economists sees only what the effect of a given policy has been or will be on one particular group; the good economist inquires also what the effect of the policy will be on all groups
Views: 56970
Cite this Page
Prevent plagiarism by providing proper attribution.
APA FORMAT
Embed this Quote
Copy this HTML code to embed the quote on your website or blog.
HTML CODE
Topic
Eye Groups Looks

More From Henry Hazlitt

If the various groups in america had been less selfish and had permitted different representatives from the groups to travel into foreign countries, and broaden their own scope, and come back and educate the movements they represented, not only would this have made the groups to which they belonged more enlightened and more worldly in the international sense, but it also would have given the independent african states abroad a better understanding of the groups in the united states, and what they stand for, what they represent.
Country Selfish Independent
The eye through which i see god is the same eye through which god sees me; my eye and god's eye are one eye, one seeing, one knowing, one love.
God Disappointment Eye
The art of economics consists in looking not merely at the immediate but at the longer effects of any act or policy; it consists in tracing the consequences of that policy not merely for one group but for all groups.
Art Liberty Groups
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.
Writing Intelligent Two
When we have an experience -- hearing a particular sonata, making love with a particular person, watching the sun set from a particular window of a particular room -- on successive occasions, we quickly begin to adapt to it, and the experience yields less pleasure each time. psychologists call this habituation, economists call it declining marginal utility, and the rest of us call it marriage
Yield Making Love Hearing
I cannot disagree with you that having something like 500 economists is extremely unhealthy. as you say, it is not conducive to independent, objective research. you and i know there has been censorship of the material published. equally important, the location of the economists in the federal reserve has had a significant influence on the kind of research they do, biasing that research toward noncontroversial technical papers on method as opposed to substantive papers on policy and results
Independent Political Important
Similar Quotes
Everyone goes to the same exhibitions and the same parties, stays in the same handful of hotels, eats at the same no-star restaurants, and has almost the same opinions. i adore the art world, but this is copycat behavior in a sphere that prides itself on independent thinking.
Art Stars Independent
It is the business of the very few to be independent; it is a privilege of the strong.
Strong Independent Privilege
The best way of learning to be an independent sovereign state is to be an independent sovereign state.
Independent Way Sovereign
Our treatment of both older people and children reflects the value we place on independence and autonomy. we do our best to make our children independent from birth. we leave them all alone in rooms with the lights out and tell them, 'go to sleep by yourselves.' and the old people we respect most are the ones who will fight for their independence, who would sooner starve to death than ask for help.
Children Sleep Independent

Trending Author

Maimonides
Maimonides
Mary Pickford
Mary Pickford
Christina Perri
Christina Perri
Donna Brazile
Donna Brazile
Alison Brie
Alison Brie
William A. Dembski
William A. Dembski
Category
Information
Inspirational
Philosophy
Personal Growth
Happiness & Joy
Life Lessons
Success & Business
Motivation