Paul Krugman Quotes

Economics is a form of brain damage.

As the science of economics...exploded the fallacies of every brand of utopianism, it was outlawed and stigmatized as unscientific.

Economics is a social science, not a physical science.

The purpose of studying economics is not to acquire a set of ready-made answers to economic questions, but to learn how to avoid being deceived by economists.

Economists are people who wonder if what works in reality can also work in theory.

Economics has been called the dismal science. Once you get to understand it, you may not find it so dismal, but you don't find it much of a science either.

Political Economy or Economics is a study of mankind in the ordinary business of life.

As an undergraduate at UBC in Canada, I fell in love with economic theory. It was the right choice for me.

One speaks with great respect of economists, if only because they represent such a variety of opinions.

I must confess that if I had been consulted whether to establish a Nobel Prize in economics, I should have decidedly advised against it.

economics limps along with one foot in untested hypotheses and the other in untestable slogans.

Any man who is only an economist is unlikely to be a good one.

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

I am not an economist. I am an honest man!

Economists are generally negligent of their heroes.

Studying economics is not a good preparation for dealing with it.

The issue of economics is not something I've understood as well as I should. I've got Greenspan's book.

Economics, we learn in the history of thought, only became a science by escaping from the casuistry and moralizing of medieval thought.

An economist is a surgeon with an excellent scalpel and a rough-edged lancet, who operates beautifully on the dead and tortures the living.

There is no such thing as economics, only social science applied to economic problems.

The science of political economy is essentially practical, and applicable to the common business of human life. There are few branches of human knowledge where false views may do more harm, or just views more good.

I went back to graduate school with the clear intention that what I wanted to do with my life was to improve societies, and the way to do that was to find out what made economies work the way they did or fail to work.

Economics is a good degree to have but the subject is very theoretical at Cambridge and I found it frustrating that you can't apply a lot of the models to particular circumstances.

I do understand the free market, having my economics degree, and if someone on the right had some good ideas, I'm not so dogmatic that I wouldn't listen to them.