From Simple English Wikipedia, the free encyclopedia

An economist is someone who studies or works in the field of economics. Economics is the study of how people make choices to satisfy their wants.

According to Frédéric Bastiat:

"There is only one difference between a bad economist and a good one: the bad economist confines himself to the visible effect; the good economist takes into account both the effect that can be seen and those effects that must be foreseen."[1]

Related pages[change | change source]

References[change | change source]

  1. Bastiat, Frédéric. (1850). "That Which is Seen, and That Which is Not Seen", cited in Mark Skousen. (2009). The Making of Modern Economics: The Lives and Ideas of the Great Thinkers, p. 95; retrieved 2012-5-23.