Neoclassical economics quotes:

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  • Pirates are the very essence of profit maximising entrepreneurs described in neoclassical economics. Yet, whilst films such as 'The Pirates of the Caribbean' and 'Butch Cassidy and the Sundance Kid' have gone a long way to popularise both pirates and outlaw behaviour, the truth of the matter is that piracy is illegal, and it kills. -- Peter Middlebrook
  • Economics has paid a terrible price for its dalliances with the Keynesian and neoclassical theories. -- Edmund Phelps
  • Neoclassical economics insists that advertising cannot force consumers to buy anything they don't already want to buy. -- Christopher Lasch
  • Neoclassical economics ... has uncovered important truths about the nature of money and markets because its fundamental model of rational self-interested human behavior is correct about 80% of the time. -- Francis Fukuyama
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