Microeconomic Quotes & Sayings

It should be possible to emphasize to students that the level of employment is a macroeconomic issue, depending in the short run on aggregate demand and depending in the long run on the natural rate of unemployment, with microeconomic policies like tariffs having little net effect. Trade policy should be debated in terms of its impact on efficiency, not in terms of phoney numbers about jobs created or lost. — Paul Krugman

Political elections are not life and death. — Rita Mae Brown

Creativity: Take the obvious, add a cupful of brains, a generous pinch of imagination, a bucketful of courage and daring, stir well and bring to a boil. — Bernard Baruch

We are still vulnerable to gender-targeted marketing no matter how carefully we edit our children's bookshelves. — Russell Smith

You're either gonna let them fulfill their destiny and bloom, or, more likely, you're gonna screw it all up and damn them to the depths. — Alyson Noel

I don't really care about the GOPs or the Democratic Party. My point is the people, giving the people truth. — Lupe Fiasco

Governments do not necessarily act in the national interest, especially when making detailed microeconomic interventions. Instead, they are influenced by interest group pressures. The kinds of interventions that new trade theory suggests can raise national income will typically raise the welfare of small, fortunate groups by large amounts, while imposing costs on larger, more diffuse groups. — Paul Krugman

When we are kind and forgiving, we will be forgiven. — Debasish Mridha

This is the key of modern science and is the beginning of the true understanding of nature . This idea . That to look at the things, to record the details, and to hope that in the information thus obtained, may lie a clue to one or another of a possible theoretical interpretation. — Richard P. Feynman

Playing on her femininity and making him feel uncomfortable seemed highly effective. — Sara Sheridan

I think I've done a pretty fantastic job, but of course I want to sell millions of records. — Rufus Wainwright

There was no mistaking what the feeling of fullness in his heart meant. They were mates and were bound together. Forever. Wharick's green eyes closed for a moment as he absorbed the feeling of completeness their bond provided his spirit. — Madison Thorne Grey

From this failure to expunge the microeconomic foundations of neoclassical economics from post-Great Depression theory arose the "microfoundations of macroeconomics" debate, which ultimately led to a model in which the economy is viewed as a single utility-maximizing individual blessed with perfect knowledge of the future.
Fortunately, behavioral economics provides the beginnings of an alternative vision of how individuals operate in a market environment, while multi-agent modelling and network theory give us foundations for understanding group dynamics in a complex society. These approaches explicitly emphasize what neoclassical economics has evaded: that aggregation of heterogeneous individuals results in emergent properties of the group, which cannot be reduced to the behavior of any "representative individual." These approaches should replace neoclassical microeconomics completely. — Steve Keen