"The business of a Political Economist is neither to recommend nor to dissuade, but to state general principles, which it is fatal to neglect, but neither advisable, nor perhaps practicable, to use as the sole, or even the principal, guides in the actual conduct of affairs"
- Nassau William Senior
About this Quote
This quote by Nassau William Senior speaks with the role of a political economic expert. A political financial expert is not suggested to advocate for a specific strategy, but rather to offer a basic understanding of the concepts that need to be thought about when making choices. Senior stresses that these principles ought to not be ignored, however also that they need to not be the only factor considered when making decisions. This quote highlights the value of considering a variety of factors when making decisions, rather than relying entirely on the suggestions of a political financial expert. It likewise highlights the value of taking into account the practical implications of a decision, rather than relying entirely on theoretical principles. Ultimately, this quote acts as a suggestion that decisions ought to be made with a holistic understanding of the circumstance, rather than relying on a single source of details.
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