Ben Bernanke Quotes

My interest in economics has always been in the whole corpus of economic theory, the interrelationships between the various fields of theory and their relevance for the formulation of economic policy.

Weirdly enough, I'm a macroeconomics enthusiast.

First, I think the science of monetary economics has clearly gotten better.

I understand how the economy actually works.

In Oxford before the war, I had, with this interest in mind, written a short textbook entitled, An Introduction to Economic Analysis and Policy. It was now my intention to rewrite this work.

I wonder if economics has less basic core material than is necessary for fields such as mathematics, physics, or chemistry, say.

I think economics - and this is what I've tried to impart - has a tremendous amount of human interest in it.

I'm not an economist and we all know economists were created to make weather forecasters look good.

Basic Economics 101. It's the most complicated simple subject there is.

The difference between microeconomics and macroeconomics is a bit like the difference between biology and medicine. Knowing that certain genes increase the risk of cancer is relatively easy. Figuring out exactly which people will get sick, or how to cure them, is a lot more complicated.

I had become interested in economics, an interest that was transformed into a lifetime dedication when I met with the mathematical theory of general economic equilibrium.

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.

I've always been a macroeconomist. That's what I teach. And I guess that's what I've been concerned with ever since I've been very young.

Business cycles lengthened greatly during the 20th century, as central banks learned to manage national economies by raising and lowering interest rates.

The study of economics does not seem to require any specialized gifts of an unusually high order.

95% of economics is common sense deliberately made complicated.

Supply creates its own demand

Economics profession, they've been - they've been confident in various formulas, but economics is not physics. The same formula that works in one decade doesn't work in the next. Economics is a difficult subject.

I am a trained economist.

I had never taken any economics. I literally didn't know what it was. I thought it was just about the study of money.

Economics is not brain surgery.

My job was to teach the whole corpus of economic theory, but there were two subjects in which I was especially interested, namely, the economics of mass unemployment and international economics.

My main interest, however, was in economics, not law.

I'm just saying that if you understand how the economic machine works, it just works like a machine. There are cause-effect relationships.

Economics is a subject profoundly conducive to cliche, resonant with boredom. On few topics is an American audience so practiced in turning off its ears and minds. And none can say that the response is ill advised.