Quotes in Economics

The interpretation and estimation of the distributed lagged models was the major interests of macroeconomists and applied economists during the time when I was pursuing my graduation. –Thomas Sargent

I have never come across a person who has done anything good who has always shown inclination towards free riding. –Adam Smith

The average scores of the economics department in MIT and Harvard goes up when the student with the least academic performance in MIT leaves and joins Harvard. –Paul Samuelson

You will find a computer in all places except when it comes to the statistics regarding the growth of an economy. –Robert Solow

All the conservatives that you may come across might not be a stupid person but all the stupid persons you come across are conservatives. –John Stuart Mill

I never had any non-academic job which was serious enough. –Amartya Sen

The extent of expenditure of a country can have no limits. –Gita Gopinath

The true problem associated with debt occurs when all the persons are going to pay it back at the same time. –Paul Krugman

I took birth in a campus of an university and all my life I have been residing in any university campus or the other. –Amartya Sen

The true tragedy that the poor face is that they do not have enough aspirations. –Adam Smith

Any policy maker’s tool kit must have enough room for fiscal policies because they are of paramount importance. –Gita Gopinath

The approaches of any present government towards the future government are not philanthropic enough. –Gita Gopinath

The theory of growth did not begin with my articles but perhaps they began with Adam Smith. Even Adam Smith could have predecessors. –Robert Solow

I say this often that you can find all the things that you want online, but in the bookstores you will get the things which you did not search for. –Paul Krugman

Debt is the liability of one and an asset for the other. –Paul Krugman

It is the state of our own minds that matter the most. –John Maynard Keynes

Escaping from the already existing ideas is more difficult than developing new ones. –John Maynard Keynes

The people who are always inclined towards holding meetings are the least productive ones. –Thomas Sowell

There would be a shortage of sand in Sahara desert if the federal government is put in its charge. –Milton Friedman

Population increases geometrically when it is not checked. –Thomas Malthus

I have always wanted to do something good and useful for the world and I believe I inherited this from my mother. She was a paediatrician and was an active member of an NGO that was meant for the child victims of war. –Esther Duflo

The branch that is known as behavioural economics is what I practice. –Richard Thaler

The part of a person’s wealth that is used to increase the wealth level is what we refer to as capital. –Alfred Marshall

Of the many difficulties of a job in the real world is that you get no time to shut the door of a room and stay alone and think. –Raghuram Rajan

I spent about ninety days in the dormitory of Columbia University and was getting trained as a naval officer when the US got involved in the war actively.

You will have to give money to the poor in their hands and cannot do this by any mere fiscal policy such as a cut in the income taxes. –Abhijit Banerjee

I have received a PhD in economics and thus I analyse every situation in a completely new manner because all the situations arising across the globe are unique to themselves. –Dave Brat

I strongly believe in cooperation. –Franco Modigliani

The situation in Argentina is such that the critics will blame the international currencies even if the weather is not right. –Steve Hanke

The need for America to have a dollar which is more competitive is my theme for today’s evening. –Martin Feldstein

Since the formation of the Federal reserves, it has been evident that the monetary policies do not virtually had any effect on the employment and output scenarios. –Edward C. Prescott

The property rights only say about the ownership of a product but it is the market that decides how the product will be used. –Ronald Coase

I believe that economics is based on scarcity of markets. And it’s possible to monetize your art without compromising the integrity of it for commerce.

Perfect competition’ is considered both the ideal and the default state in Economics 101. So-called perfectly competitive markets achieve equilibrium when producer supply meets consumer demand.

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