Quote: 10) Joan Robinson and the purpose of studying economics

Posted by: Matt Nolan on: November 22, 2008

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The purpose of studying economics is not to acquire a set of ready-made answers to economic questions, but to learn how to avoid being deceived by economists.

Training to be an economist does not tell you the answer to any economic question – it gives you the tools with which to determine answers for yourself, given your own set of value judgments.