But part of the job of economics is weeding out errors. That is much harder than making them, but also more fun.
Robert SolowRead
Why does a public discussion of economic policy so often show the abysmal ignorance of the participants?
Interpretation
What this quote means
The quote highlights the lack of understanding among individuals discussing economic policy.
Robert Solow's quote questions the frequent ineptitude and misunderstanding exhibited by people engaging in public discussions about economic policy. It suggests that despite the significance of these discussions, many participants may lack the necessary knowledge or expertise, which can lead to misguided opinions and ineffective policy deliberation.
Themes
EconomicsPolicyIgnoranceDiscussionPublic Opinion
In practice
Example use cases
In a debate on national economic policy, one might quote this to emphasize the importance of informed discussions.
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