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On Being an Economist

In: What do Economists Contribute?

Author

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  • Friedrich A. Hayek

Abstract

It is reported of the greatest economist whom I have personally known that he used to say that if he had seven sons they should all study economics. If this was meant to suggest the magnitude of the task economists have to solve, this heroic resolution cannot be highly enough commended. If it was meant to suggest that the study of economics is a sure path to personal happiness, I am afraid I have no such cheerful message for you. And it may be that Carl Menger himself later changed his views: when at last, at the age of sixty-two, he produced one son, this son did not become an economist, though the father lived to see him become a promising mathematician.

Suggested Citation

  • Friedrich A. Hayek, 1999. "On Being an Economist," Palgrave Macmillan Books, in: Daniel B. Klein (ed.), What do Economists Contribute?, chapter 10, pages 133-149, Palgrave Macmillan.
    • Handle: RePEc:pal:palchp:978-1-349-14913-1_10
    DOI: 10.1007/978-1-349-14913-1_10
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    Cited by:

    1. Simon Bilo, 2018. "Lucas and Hume on Monetary Non-neutrality: A Tension between the Logic and the Technique of Economics," Eastern Economic Journal, Palgrave Macmillan;Eastern Economic Association, vol. 44(3), pages 364-380, June.

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