Joseph Schumpeter, History of Economic Analysis, 1945. p. 27
“
Economists have never allowed their analysis to be influenced by psychologists of their time, but have always framed for themselves such assumptions about psychical processes as they have thought it desirable to make.
— Economist
What It Means
This is a placeholder explanation generated by the low-overhead model. It interprets "Economists have never allowed their analysis to be influenced by psychologists of their time, but have always framed for themselves such assumptions about psychical processes as they have thought it desirable to make." in the context of "Joseph Schumpeter, History of Economic Analysis, 1945. p. 27" to mean that wisdom is timeless.
Source: Wikiquote: "Economist" (Quotes: Quotes are arranged alphabetically by author, S - Z)
The 'What it means' explanation text was generated by Google Gemini Flash (accessed January 18, 2026). https://gemini.google.com/app
Tags
About Economist
An economist is a practitioner in the social science discipline of economics.
View all quotes →