Clive Granger Quotes

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

95% of economics is common sense deliberately made complicated.

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

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 understand how the economy actually works.

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.

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.

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

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

Weirdly enough, I'm a macroeconomics enthusiast.

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

Economics is not brain surgery.

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

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.

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.

I studied economics and made it my career for two reasons. The subject was and is intellectually fascinating and challenging, particularly to someone with taste and talent for theoretical reasoning and quantitative analysis.

Economics is a strange science. Our subject deals with some of the most important as well as mundane issues that impinge on the human condition.

But while I loved all of these courses, there was an irresistible attraction of economics.

People confuse economists and economic policy.

The media simply does not understand Econ 101.

Economics has paid a terrible price for its dalliances with the Keynesian and neoclassical theories.

People want to think of economics as a natural science, like physics, with the comforting reliability of simple-to-understand theories like F=MA. Unfortunately, it isn't. Economics is a social science, and the so-called theories are really social and moral constructs.

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.

I learned more about economics from one South Dakota dust storm than I did in all my years in college.