Microeconomics Quotes

“Many kids come out of college, they have a credit card and a diploma. They don't know how to buy a house or a car or health insurance or life insurance. They do not know basic microeconomics.”

“A few weeks ago I had a dream. I dreamed I was back at the house, in the red room, reading my microeconomics textbook. Maddy outside playing with Hope, and Agnes was preparing dinner. It was just like old times. I was elated. I knew all along that they weren't really dead. It was all just a terrible mistake. Maddy joined me in the library. Strangely, she didn't smell like anything. Not her usual crème brulee or green apples or candy. That's when I realized she was dead, though I didn't know I was dreaming. She apologized for everything and then proceeded to explain why things had turned out the way they had. Her story made complete sense. It was what I needed to hear. Finally I had an answer. Finally I could let go. And then she vanishedWhen I woke up, in a pool of sweat, I couldn't remember a thing Maddy had said.”

“Microeconomists are wrong about specific things and macroeconomists are wrong about things in general!”

“It is a choice, and therefore within the province of economics.”

“Programmers have a saying: "garbage in, garbage out.”