Who really said it
That Works Very Well in Practice, But How Does It Work In Theory?
This is a long-running joke about economists, not a FitzGerald original. Quote Investigator ↗ traces its earliest strong match to an unsigned 1911 magazine anecdote about a Heidelberg professor and concludes that the originator was anonymous, with later instances popularised by W. R. Rodgers, Claude T. Bissell, Sean MacReamoinn and Walter Heller. FitzGerald enters the story only in 1985, when the businessman Tony O’Reilly put a version of the line in his mouth during a comic impersonation — and his 2011 obituary in The New York Times then reported it as something FitzGerald had actually said.
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