Ben Bernanke Quotes

But my shift to the serious study of economics gradually weakened my belief in Major Douglas's A+B theorem, which was replaced in my thought by the expression MV = PT.

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.

We have learned that the various schools of [economic] thought all have important elements of truth in them. But none of them is by itself a sufficient explanation of what goes on in the economy.

You read [Bill ] Maher's book, and he didn't take Econ 101. All his arguments about gasoline, it's not that they're right or wrong - they're just not informed.

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

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.

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 entered economics because of a course I took on 'information economics,' which I found fascinating.

I'm an economist, not a political scientist.

Economics has never been a science - and it is even less now than a few years ago.

Economic science concerns itself primarily with theoretical and empirical generalizations about the behavior of individuals, institutions, markets, and national economies. Most academic research falls in this category.

I am an economist, not an astrologer.

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

Supply creates its own demand

We have professional economists who can defend any viewpoint with statistics and they do that everywhere in the world.

There is only one difference between a bad economist and a good one: the bad economist confines himself to the visible effect; the good economist takes into account both the effect that can be seen and those effects that must be foreseen.

Economics is a highly sophisticated field of thought that is superb at explaining to policymakers precisely why the choices they made in the past were wrong. About the future, not so much.

If you think about the amount of critical thinking that has come into the field of economics, two universities have dominated the landscape in my life: Chicago and Harvard.

Weirdly enough, I'm a macroeconomics enthusiast.

I am a trained economist.

I studied economics with some teachers from ESADE. It's a really good school here in Spain. They helped me to understand a little about numbers, stats, economics, etc.

In economics, it is easier to agree on the data than to agree on causality.

At the beginning of my sophomore year at Princeton University, I took my first economics course; our textbook was the first edition of Samuelson's 'Economics: An Introductory Analysis.'

I never, never in my life took a course in economics.

Microeconomics: The study of who has the money and how I can get my hands on it.Macroeconomics: The study of which government agency has the gun, and how we can get our hands on it.