Ronald Coase, speech to the International Society of New Institutional Economics, September 17, 1999, Washington DC. Coase claims he was quoting fellow economist Ely Devons, who reportedly said this in a meeting.
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If economists wished to study the horse, they wouldn't go and look at horses. They'd sit in their studies and say to themselves, "What would I do if I were a horse?"
— Economist
What It Means
This is a placeholder explanation generated by the low-overhead model. It interprets "If economists wished to study the horse, they wouldn't go and look at horses. They'd sit in their studies and say to themselves, "What would I do if I were a horse?"" in the context of "Ronald Coase, speech to the International Society of New Institutional Economics, September 17, 1999, Washington DC. Coase claims he was quoting fellow economist Ely Devons, who reportedly said this in a meeting." to mean that wisdom is timeless.
Source: Wikiquote: "Economist" (Quotes: Quotes are arranged alphabetically by author, A - F)
The 'What it means' explanation text was generated by Google Gemini Flash (accessed January 18, 2026). https://gemini.google.com/app
About Economist
An economist is a practitioner in the social science discipline of economics.
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