“Leading” “top” or idiot Irish economists glowing with wisdom in these challenging times
Mar 1st, 2009 | By Finfacts Ireland Business & Finance Portal | Category: News worldwide
European Central Bank President Jean-Claude Trichet, said in Dublin this week, that the great Irish playwright George Bernard Shaw was not at all impressed by the economics profession. His was the famous disparaging remark that "if all economists were laid end to end, they would not reach a conclusion." Certainly in these very challenging times, it is not easy for all economic policy-makers to reach agreement on the way forward, Trichet said. It certainly can be confusing for the public, when the Irish media allocates the tag "leading," or "top" to economists it quotes, whether they are idiots or not.