economists
3 statements across 3 episodes · 0 bullish · 1 bearish · 2 people on the record · first statement Oct 24, 2016 by Morgan Housel · across every show →
Everything said about economists, oldest first
Oct 24, 2016
Housel: Analysts cling to incorrect positions to protect career stability
“There are analysts and economists who cling to positions that they know are wrong. They know in their head are wrong, but because of their career liability, their professional reputation, they don't want to change their mind out of fear of looking like a flip-…”
May 30, 2017
Sutherland: Human decision-making prioritizes catastrophe avoidance over outcome maximization
“And so that hunch that actually what we're doing when we make decisions is looking for ways to minimize the worst case scenario. Reliable signals that the worst case scenario isn't going to be that bad or that likely. Almost more than we're attempting to maxim…”
Dec 9, 2025 negative
Sutherland: Accountants, lawyers, and economists hold too much corporate power
“I'm only angry with accountants and lawyers and economists, not because they do what they do, but because they have too much power doing it. And they've achieved a kind of monopoly over decision making, which I don't think they have a reasonable claim to.”