![The main development I want to discuss has already occurred: Keynesian economics is dead [maybe ‘disappeared' is a better term]. I don't know exactly when this happened but it is true today and it wasn't true two years ago. This is a sociological not an economic observation, so the evidence for it is sociological. For example, you cannot find a good, under 40 economist who identifies himself and his work as ‘Keynesian'. Indeed, people even take offense if referred to in this way. At research seminars, people don't take Keynesian theorizing seriously any more-the audience starts to whisper and giggle to one another. Leading journals aren't getting Keynesian papers submitted any more. (Robert Lucas, Jr.)](https://cdn.quotesdtb.com/img/quotes_images_webp/68/robert-lucas-jr-audience-395068.webp)
The main development I want to discuss has already occurred: Keynesian economics is dead [maybe ‘disappeared' is a better term]. I don't know exactly when this happened but it is true today and it wasn't true two years ago. This is a sociological not an economic observation, so the evidence for it is sociological. For example, you cannot find a good, under 40 economist who identifies himself and his work as ‘Keynesian'. Indeed, people even take offense if referred to in this way. At research seminars, people don't take Keynesian theorizing seriously any more-the audience starts to whisper and giggle to one another. Leading journals aren't getting Keynesian papers submitted any more.
Robert Lucas, Jr.Related topics
dead development economics economist example find getting giggle good research take theorizing under way work today years KeynesianRelated quotes
Our best corporate citizens are also our most creative... Sixty years ago, when the Russians beat us into space, we didn't deny Sputnik was up there. We didn't argue about the science, or shrink our research and development budget. We built a space program almost overnight, and twelve years later, we were walking on the moon. That spirit of discovery is in our DNA. We're Thomas Edison and the Wright Brothers and George Washington Carver. We're Grace Hopper and Katherine Johnson and Sally Ride. We're every immigrant and entrepreneur from Boston to Austin to Silicon Valley racing to shape a better world. And over the past seven years, we've nurtured that spirit.
Barack Obama
He has made contributions to many areas of science; among them are agronomy, anthropology, astronomy, bacteriology, botany, economics, forestry, meteorology, psychology, public health, and-above all-genetics, in which he is recognized as one of the leaders. Out of this varied scientific research and his skill in mathematics, he has evolved systematic principles for the interpretation of empirical data; and he has founded a science of experimental design. On the foundations he has laid down, there has been erected a structure of statistical techniques that are used whenever people attempt to learn about nature from experiment and observation.
Ronald Fisher
Only a year after the collapse of the Third Reich a strangely conclusive piece of evidence can be advanced to support the claim that "fanatical", this key National Socialist term, never really had the sting taken out of it by excessive use. For although scraps of the LTI surface all over the place in contemporary language, "fanatical" has disappeared. From this one can safely conclude that either consciously or subconsciously people remained aware of the real facts of the case all through those twelve years, namely, that a confused state of mind, equally close to sickness and criminality, was for twelve years [of Nazi rule] held to be the greatest virtue.
Victor Klemperer
Since I shall be indicating my disagreement with some of the points made by Professor Israel Kirzner, let me stress that I am in complete sympathy with his point of departure, namely, the emphasis on the dispersion of information among economic decision-making units (called by him, "Hayek's knowledge problem") and the consequent problem of transmission of information among those units.
Much of my own research work since the 1950s has been focused on issues in welfare economics viewed from an informational perspective. The ideas of Hayek (whose classes at the London School of Economics I attended during the academic year 1938-39) have played a major role in influencing my thinking and have been so acknowledged.
Leonid Hurwicz
The doubts that Mr. Balfour expressed nearly thirty years ago, in an Address delivered in Glasgow, have not, so far, been answered. And it is probable that many people, to whom six years ago the notion of a sudden decline or break-up of our western civilisation, as a result not of cosmic forces but of its own development, would have appeared almost fantastic, will feel much less confident to-day, notwithstanding the fact that the leading nations of the world have instituted a league of peoples for the prevention of war, the measure to which so many high priests of Progress have looked forward as meaning a long stride forward on the road to Utopia.
J. B. Bury