« All Economics Quotes · Paul Krugman's Page
Economics Quotes by Paul Krugman
- We know that advanced economies with stable governments that borrow in their own currency are capable of running up very high levels of debt without…
- However, the fact that an economist offers a theoretical analysis does not and should not automatically command respect. What is needed is some assurance that…
- The economics profession went astray because economists, as a group, mistook beauty, clad in impressive-looking mathematics, for truth.
- The problem isn't that people don't understand how good things are. It's that they know, from personal experience, that things really aren't that good.
- People respond to incentives. If unemployment becomes more attractive because of the unemployment benefit, some unemployed workers may no longer try to find a job…
- Generous unemployment benefits can increase both structural and frictional unemployment. So government policies intended to help workers can have the undesirable side effect of raising…
- Raising the minimum wage and lowering the barriers to union organization would carry a trade-off - higher unemployment. A better idea is to have the…
- I've always believed that a speculative bubble need not lead to a recession, as long as interest rates are cut quickly enough to stimulate alternative…
- In fact, I'd say that the sources of the economy's expansion from 2003 to 2007 were, in order, the housing bubble, the war, and -…
- Governments do not necessarily act in the national interest, especially when making detailed microeconomic interventions. Instead, they are influenced by interest group pressures. The kinds…
- It should be possible to emphasize to students that the level of employment is a macroeconomic issue, depending in the short run on aggregate demand…
- Close the weak banks and impose serious capital requirements on the strong ones...You see, it may sound hard-hearted, but you cannot keep unsound financial institutions…
- Our popular economics writers, however, are not in the business of giving their readers a ringside seat on the research action; with no exception I…
- In short, what the living wage is really about is not living standards, or even economics, but morality. Its advocates are basically opposed to the…
More Economics Quotes
- Many individuals are doing what they can. But real success can only come if there is a change in our societies and… — David Attenborough
- All of the problems we're facing with debt are manmade problems. We created them. It's called fantasy economics. Fantasy economics only works… — Michele Bachmann
- Everyone wants to live at the expense of the state. They forget that the state wants to live at the expense of… — Frederic Bastiat
- Government is the great fiction, through which everybody endeavors to live at the expense of everybody else. — Frederic Bastiat
- They will come to learn in the end, at their own expense, that it is better to endure competition for rich customers… — Frederic Bastiat
- Often the masses are plundered and do not know it. — Frederic Bastiat
- I beg you, look for the words 'social justice' or 'economic justice' on your church Web site. If you find it, run… — Glenn Beck
- I served seven years as the chair of the Princeton economics department where I had responsibility for major policy decisions, such as… — Ben Bernanke
- Ignorance is an evil weed, which dictators may cultivate among their dupes, but which no democracy can afford among its citizens. — William Beveridge
- Corporation: An ingenious device for obtaining profit without individual responsibility. — Ambrose Bierce
- And I know this happens because I took economics, and I'd explain it to ya, but I flunked that course. Not my… — Lewis Black
- Because things are the way they are, things will not stay the way they are. — Bertolt Brecht