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Keynesian Economics Quotes


"I am now a Keynesian in economics." - Richard Nixon

"At the time, my personal research objectives were to provide Keynesian economics with more rigorous foundations and to tighten and elaborate the logic of macroeconomic and monetary theory." - James Tobin

"The Keynesian Revolution occurred at the moment in history when other change had made it indispensable." - John Kenneth Galbraith

"I would reject the distinction between a Keynesian moment and a behavioral moment." - Cass Sunstein

"Software engineering economics." - Barry Boehm

"Economics spreads happiness." - Tim Harford

"Good economics is good politics." - Paul Keating

"Good environmentalism is good economics" - Barber Conable

"Economics is not brain surgery." - Benjamin Carson

"Henry Ford, in a sense, was the first Keynesian. He paid his assembly workers high wages so they could afford to buy his cars." - Robert Kuttner

"I do not believe there is a natural resource economics. I believe there is good economics and bad economics." - Milton Friedman

"Moore's law is really about economics." - Gordon Moore

"Economics is a form of brain damage," - Hazel Henderson

"Economics and ethics are not mutually exclusive." - Lionel Tiger

"Economics is (now) about emotion and psychology." - Robert J Shiller

"Economics is really politics in disguise." - Hazel Henderson

"Economics and ethics have little in common." - Agnes Repplier

"Economics is a very dangerous science." - John Maynard Keynes

"Economics is not a morality play." - Paul Krugman

"Economics, politics, and personalities are often inseparable." - Charles Edison

"In economics, the majority is always wrong." - John Kenneth Galbraith

"No one is entertained by economics." - Michael Moore

"Economics has become as riveting as politics." - Tina Brown

"Economics is not an exact science." - John Kenneth Galbraith

"History shows that where ethics and economics come in conflict, victory is always with economics." - B R Ambedkar

"I'm not into the whole Austrian type, strongly libertarian economics. I like more mainstream economics" - Robert Sarvis

"I'm not into the whole Austrian type, strongly libertarian economics. I like more mainstream economics" - Robert Sarvis

"Economics, n.: Economics is the study of the value and meaning of J. K. Galbraith ..." - Mike Harding

"I'm happy to say I am a Harrison-Kreps-Keynesian." - Thomas J Sargent

"Interestingly, human irrationality is a hot topic in economics at the moment. Behavioural economics it's called, on the cusp of economics and psychology." - Evan Davis

"A loving and fierce defense of economics as a science." - Robert Krulwich

"Economics is too important to leave to the economists." - Steve Keen

"Conventional economics is a form of brain damage." - David Suzuki

"Politics is a continuation of economics by other means" - Michael Ruppert

"Mathematics has given economics rigor, but alas, also mortis." - Robert Heilbroner

"Politics is the most concentrated expression of economics." - Vladimir Lenin

"Keynesians are to economics what witch doctors are to medicine." - Peter Schiff

"If socialists understood economics, they wouldn't be socialist." - Friedrich August von Hayek

"Investing is the intersection of economics and psychology." - Seth Klarman

"In economics, you always want to ask 'And then what?'" - Warren Buffett

"Economics is concerned with what emerges, not what anyone intended." - Thomas Sowell

"Economics is the continuation of energy/resources by other means." - Michael Ruppert

"Trickle down economics creates a nation of peons." - Thom Hartmann

"In human life, economics precedes politics or culture." - Park Geun-hye

"Truly environmentalism has displaced economics as the dismal science." - Steven F. Hayward

"That economics is untrue which ignores or disregards moral values." - Mahatma Gandhi

"Where there is politics or economics, there is no morality." - Friedrich Schlegel

"Economics is on the side of humanity now." - Isaac Asimov

"95% of Economics is common sense deliberately made complicated." - Ha-Joon Chang

"Economics is a social science, not a physical science." - Jim Stanford

"Economics make homeopath and alternative healers look empirical and scientific." - Nassim Nicholas Taleb

"This paper was one of my digressions into abstract economics." - William Vickrey

"In human life, economics precedes politics or culture." - Park Geunhye

"My main interest, however, was in economics, not law." - Merton Miller

"Before economics can progress, it must abandon its suicidal formalism." - Robert Heilbroner

"Where there is politics or economics, there is no morality." - Karl Wilhelm Friedrich Schlegel

"Where there is politics or economics, there is no morality." - Karl Wilhelm Friedrich Sc

"The problem is a lot of what is called economics is not economics. It is more ideology or religion." - Joseph Stiglitz

"Conventional economics is a form of brain damage. Economics is so fundamentally disconnected from the real world, it is destructive." - David Suzuki

"[I]ntrinsic value follows meaning follows form follows economics follows function follows more economics follows market research." - Erik Adigard

"Investing in women is smart economics, and investing in girls, catching them upstream, is even smarter economics." - Ngozi Okonjo-Iweala

"Economics is everywhere, and understanding economics can help you make better decisions and lead a happier life." - Tyler Cowen

"Someone bemoaned that there were so few women in economics. But there are also very few men in economics." - Nassim Nicholas Taleb

"You could be disqualified for a job [at Harvard] if you were either smart or Jewish or Keynesian. So what chance did this smart, Jewish, Keynesian have?" - Paul Samuelson

"If people are teaching economics, they need to teach all the different disciplines, all the different schools in economics. They can't just teach one because then the person isn't equipped to deal with the economics profession." - Charles Koch

"There is one good thing about Marx: he was not a Keynesian." - Murray Rothbard

"Popular as Keynesian fiscal policy may be, many economists are skeptical that it works. They argue that fine-tuning the economy is a virtually impossible task, and that fiscal-stimulus programs are usually too small, and arrive too late, to make a difference." - James Surowiecki

"I suspected economics was irredeemable as a policy tool for citizens groups. I saw economics lead its practitioners and citizens alike into a form of brain-damaging indoctrination." - Hazel Henderson

"People are not embracing collectivism because they have accepted bad economics. They are accepting bad economics because they have embraced collectivism." - Ayn Rand

"Positive economics is in principle independent of any particular ethical position or normative judgment...In short, positive economics is or can be an "objective" science." - Milton Friedman

"So, economics should emulate physics' basic ethos, but its search for precision in physics-like formulas is almost always wrong in economics." - Charlie Munger

"Economics has its own simple built-in psychology, and that provided by the science of psychology ... flatly contradicts the primacy of the motives alleged by economics." - Allan Bloom

"The trading characteristics of a security become more important than its underlying economics. The virtual economics began to drive the physical economy rather than the other way around." - Aaron C. Brown

"I don't think Obama understands basic economics. Not economics that work. He may understand some theory that someone in Princeton sat and dreamed up, but it's not working." - Rick Perry

"Economics is uncertain because its fundamental subject matter is not money but human action. That's why economics is not the dismal science, it's no science at all." - Julian Baggini

"Economic theory is the most prestigious subject of instruction and study. Agricultural economics, labor economics and marketing are lower caste fields of study." - John Kenneth Galbraith

"Didn't you take economics? You could have had me for $49.95." - Patrick Dempsey

"What good does the theory [of economics] do if it is not working for people?" - Muhammad Yunus

"Every sacred cow in the business has to do with economics." - Gena Rowlands

"economics limps along with one foot in untested hypotheses and the other in untestable slogans." - Joan Robinson

"Every short statement about economics is misleading (with the possible exception of my present one)." - Alfred Marshall

"Understanding economics can help you make better decisions and lead a happier life." - Tyler Cowen

"The point of studying economics is so as not to be fooled by economists." - Joan Robinson

"There is no such thing as economics, only social science applied to economic problems." - Kenneth E. Boulding

"The most basic law of economics?that one cannot get something for nothing." - Sir Henry Roy Forbes Harrod

"In economics it is a far, far wiser thing to be right than to be consistent" - John Kenneth Galbraith

"I am not prepared to accept the economics of a housewife." - Jacques Chirac

"Economics is the study of how society manages its scarce resources." - Greg Mankiw

"Economics is haunted by more fallacies than any other study known to man" - Henry Hazlitt

"How could economics not be behavioral? If it isn't behavioral, what the hell is it?" - Charlie Munger

"Despite its scientific pretensions, economics still remains more of an art than a science" - Robert Kuttner

"Marxian exploitation is the exploitation of people's lack of understanding of economics." - Robert Nozick

"A stable 21st century society requires 21st century solutions not 20th century economics" - Phil Harding

"I think a lot of creative people have no sense of numbers and economics." - Garry Marshall

"If you don't own Gold, you know neither history nor economics." - Ray Dalio

"Economics dominates politics - and with that domination comes different forms of ruthlessness." - Chris Hedges

"Over the long term, absent of other barriers, economics always win." - Andy Bechtolsheim

"The strategy behind the Kyoto Protocol has no grounding in economics or environmental policy." - William Nordhaus

"We need an economics fit for purpose in a finite and entropic world." - Herman E. Daly

"We have lost sight of the dependence we have on nature in economics" - Tony Juniper

"I didn't wake up one day and say, you know, 'Supply-side economics doesn't make sense." - David Brock

"The concept of loss aversion is certainly the most significant contribution of psychology to behavioral economics." - Daniel Kahneman

"Mainstream economics scholarship produces theory without facts (pure theory) and facts without theory" - Michel Chossudovsky

"Economics is like gravity: Ignore it and you will be in for some rude surprises." - Charles Wheelan

"Economics are the method; the object is to change the soul." - Margaret Thatcher

"Separatism is a very healthy movement within culture. It's a disastrous movement within politics and economics." - Northrop Frye

"Welcome to the wonderful world of economics. Everything precious in life has a cost." - Russ Roberts

"David Boaz has been my guide to the history, economics, and politics of freedom for years." - John Stossel

"Most Americans don't know enough about basic economics to fill out one fortune cookie." - Neal Boortz

"Above all, innovation is not invention. It is a term of economics rather than of technology." - Peter Drucker

"No less than war or statecraft, the history of Economics has its heroic ages." - Aldous Huxley

"Economics becomes redundant if it can rationalise an exchange that sells the future of humankind." - Andrew Simms

"Economics is like the Dutch language - I'm told it makes sense, but I have my doubts." - John Oliver

"The lesson from behavioral economics is that people only save if it's automatic." - Richard Thaler

"[A]n important new book. . . . Professor Akerlof and Rachel Kranton have invented Identity Economics." - Daniel Finkelstein

"I started in the law; and the study of law, when it precedes the study of economics, gives you a set of foundation principles about how human beings interact. Economics is very useful, and I studied economics in graduate school. But without understanding the social and organizational context of economics, it becomes a theory without any groundwork." - Robert Reich

"No one should have to get a PhD in economics to survive in this economy." - Elizabeth Warren

"I've been a faithful reader of the great classical documents of economics, or tried to be." - John Kenneth Galbraith

"I would say that reproductive freedom comes first, then violence and economics." - Gloria Steinem

"Economics are the method; the object is to change the heart and soul." - Margaret Thatcher

"Economics is a narrative discipline, and explanations are easy to fit retrospectively." - Nassim Nicholas Taleb

"Very much of the literature of economics strikes me as rationalization after the event." - John H. Williams

"Political Economy or Economics is a study of mankind in the ordinary business of life." - Alfred Marshall

"The shallowest and therefore the most successful representative of the apologists of vulgar economics. Karl Marx" - Frederic Bastiat

"The study of Indian economics is the study of the spinning wheel." - Mahatma Gandhi

"Politics don't exist, actually. It's just a cheap business. Economics is what makes politics." - Eugene Hutz

"Economics is a slave-driver. No one has free time; no one has any leisure." - James Hillman

"Climate change: Don't undermine the science just because you don't like the economics" - Brian Cox

"Modern economics and the welfare state borrowed heavily on the future." - Gregory Benford

"Economics is not a discipline that comes to correct answers - economies are too complex." - Adam Davidson

"The economics profession advances by one confusing financial disaster at a time." - Adam Davidson

"First, I think the science of monetary economics has clearly gotten better." - Martin Feldstein

"Economics is extremely useful as a form of employment for economists." - John Kenneth Galbraith

"As consumers and as voters we can say 'no' to rogue economics and demand regulation." - Loretta Napoleoni

"Going to the moon is not a matter of physics but of economics." - John R. Platt

"A study of economics usually reveals that the best time to buy anything is last year." - Marty Allen

"The whole industry is so screwed up by economics. It's disgusting to me." - Armand Assante

"I am aiming my books at anybody with no economics background." - Tim Harford

"I got politics and economics moving and then others took over." - Lech Walesa

"Economics is a subject that does not greatly respect one's wishes." - Nikita Khrushchev

"Economics is about creating win-win situations. But in sports, someone loses." - Stan Kroenke

"From 1931 to 1937, I was a Fellow and Lecturer in Economics at Hertford College, Oxford." - James Meade

"Arbitrage proof has since been widely used throughout finance and economics." - Merton Miller

"Goodwin has done the seemingly impossible-he has made economics comprehensible and funny." - Joel Bakan

"Zero-sum thinking is an obsession of mine, but mostly in economics." - P. J. O'Rourke

"Even though I didn't get a business degree, I enjoyed learning about economics." - Herb Ritts

"I was an economics major, which I enjoyed because I had a good business sense." - Herb Ritts

"Washington is a place where politics and economics often aren't on speaking terms." - Timothy Noah

"Cutting budget deficits can never be just an exercise in economics." - George Osborne

"The only language that the Japanese whaling industry understands is economics." - Paul Watson



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