Donald Marron

our near-universal failure to foresee the worst financial and economic crisis in eight decades is a sorry but perfect case in point.

a result, the scientific theories of economics blur into political theories of the good society.

The ideas of economists and political philosophers, both when they are right and when they are wrong, are more powerful than 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.’