"In economics, hope and faith coexist with great scientific pretension and also a deep desire for respectability"

John Kenneth Galbraith's quote speaks with the complexity of business economics as a discipline. He suggests that business economics is an area that is both hopeful and devoted, yet likewise has a strong clinical basis and a wish for respectability. This implies that economics is an area that is both based in clinical principles as well as additionally has a solid psychological component. It is an area that is both confident and also faithful in its search of understanding the complexities of the economic climate, yet likewise strives for respectability and integrity. This quote talks with the intricacy of business economics and the requirement to balance both the scientific as well as psychological aspects of the area.