James Meade 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.

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 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.

The art of economics consists in looking not merely at the immediate but at the longer effects of any act or policy; it consists in tracing the consequences of that policy not merely for one group but for all groups.

People confuse economists and economic policy.

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.

I understand how the economy actually works.

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.

Macroeconomics is the analysis of the economy as a whole, an examination of overall supply and demand. At the broadest level, macroeconomists want to understand why some countries grow faster than others and which government policies can help growth.

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.

There is a big divergence between views on a variety of policy issues from fiscal stimulus to financial regulation. It's my hope and my ambition for the economics profession that as we advance our knowledge, that those discussions will narrow in their focus, and that it will help to have more prudent policy-making down the road.

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

Keynes eliminated economic theory's ancient role as spoilsport for inflationist and statist schemes, leading a new generation of economists on to academic power and to political pelf and privilege.

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

I don't think most of Congress understands how economics works.

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.

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 don't care who writes a nation's laws - or crafts its advanced treaties - if I can write its economics textbooks.

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

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.

Since World War II, inflation - the apparently inexorable rise in the prices of goods and services - has been the bane of central bankers.