Mark Skousen Quotes

I'm just saying that if you understand how the economic machine works, it just works like a machine. There are cause-effect relationships.

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

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 understand how the economy actually works.

Funnily enough, the Federal Reserve produced comics about monetary policy, and there is a good comic book guide to microeconomics and macroeconomics out there. But it is not really appropriate for younger readers; it is really aimed at economics students.

Start with the idea that you can't repeal the laws of economics. Even if they are inconvenient.

The major driver of economics is the equilibrium approach, which has taken various forms over the years. General equilibrium is the statement that all the different parts of the economy influence each other, even if it's remote, like mortgage-backed securities and their demands on automobiles.

People confuse economists and economic policy.

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.

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

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.

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

95% of economics is common sense deliberately made complicated.

My interest in economics just basically comes because I think I'm a curious person, and I'm interested in how the world works.

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.

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

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.

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.

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.

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.

I have an economics degree from Harvard.

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.

Economics profession, they've been - they've been confident in various formulas, but economics is not physics. The same formula that works in one decade doesn't work in the next. Economics is a difficult subject.