"The truth of good economic doctoring is to know the general principles, and to really know the specifics. To understand the context, and also, to understand that an economy may need some tender loving care, not just the so-called hard truths, if it's going to get by"
- Jeffrey Sachs
About this Quote
This quote by Jeffrey Sachs talks to the significance of having a holistic method to economic doctoring. He stresses the need to understand the general concepts of economics, along with the specifics of a particular scenario. He also stresses the significance of comprehending the context in which an economy is running. Sachs recommends that an economy might require more than just the "difficult facts" of economics in order to be successful. He indicates that an economy may need some "tender loving care" in order to get by. This quote speaks with the importance of having a detailed understanding of economics, as well as the significance of taking a thoughtful method to economic doctoring.
This quote is written / told by Jeffrey Sachs somewhere between November 5, 1954 and today. He/she was a famous Economist from USA.
The author also have 29 other quotes.