Quote by Laurence J. Peter on Economists and Predictions

„An economist is an expert who will know tomorrow why the things he predicted yesterday didn't happen today.“

Laurence J. PeterLaurence J. Peter humorously describes the uncertainty of economic predictions and expert knowledge.
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Laurence J. Peter was a Canadian-American teacher, educational consultant, school psychologist, author, and professor best known for the Peter Principle.

Humorous statement about the uncertainty of economic predictions.


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Inspirational quote image by Laurence J. Peter about economists and predictions

Laurence Johnston Peter was born in Vancouver in 1919 and began working as a teacher in 1941. He later worked as a school psychologist, educational consultant, and professor. He became particularly well known for the Peter Principle, which was named after him, and died in California in 1990.

Quote by Peter Schiff about incompetency of economists in central banks, government, universities, and investment banksCopyright © yoice.net – Quote Artwork
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"Soon investors will realize that the most incompetent economists in the world work for central banks. The second most incompetent economists work for government. The third most incompetent work for major universities and the forth most incompetent work for large investment banks." Peter Schiff
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Werner Karl Heisenberg quote about expertise, mistakes, and avoiding errorsCopyright © yoice.net – Quote Artwork
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"Many people will tell you that an expert is someone who knows a great deal about the subject. To this I would object that one can never know much about any subject. I would much prefer the following definition: an expert is someone who knows some of the worst mistakes that can be made in the subject, and how to avoid them." Werner Karl Heisenberg
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