Modelling

"The only function of economic forecasting is to make astrology look respectable"

John Kenneth Galbraith

Public policy

"The expenses of government, having for their object the interest of all, should be borne by everyone, and the more a man enjoys the advantages of society, the more he ought to hold himself honoured in contributing to those expenses."

Anne-Robert-Jacques Turgot

Global economy

"... very good grapes can be raised in Scotland, and very good wine too can be made of them at about thirty times the expense for which at least equally good can be brought from foreign countries. Would it be a reasonable law to prohibit the importation of all foreign wines, merely to encourage the making of claret and burgundy in Scotland?"

Adam Smith

Consumer

"Consumption is the sole end and purpose of all production; and the interest of the producer ought to be attended to, only so far as it may be necessary for promoting that of the consumer."

Adam Smith