Microeconomics Quotes

Microeconomics is about money you don't have, and macroeconomics is about money the government is out of. ~ P. J. O'Rourke

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. ~ Tim Harford

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 vanished
When I woke up, in a pool of sweat, I couldn't remember a thing Maddy had said. ~ Katherine Easer

Even philosophies who have denounced pseudosciences like psychoanalysis, have condoned pseudoscientific economic theories like neoclassical microeconomics. It is far safer and easier to criticize Freud and Jung than to criticize Milton Friedman and Friedrich Hayek, because the latter are backed by political movements whereas the former are not. ~ Mario Bunge

Microeconomics: The study of who has the money and how I can get my hands on it.Macroeconomics: The study of which government agency has the gun, and how we can get our hands on it. ~ Gary North

FREE EXCHANGE Pricing the surge The microeconomics of Uber's attempt to revolutionise taxi markets 1014 words ~ Anonymous

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

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. ~ Jesse Jackson

Microeconomics is the study of how specific choices made by businesses, consumers and governments affect the markets for different goods and services. For example, a microeconomist might examine how price changes affect sales of apples relative to oranges. ~ Alex Berenson

One of the most important skills of the economist, therefore, is that of simplification of the model. Two important methods of simplification have been developed by economists. One is the method of partial equilibrium analysis (or microeconomics), generally associated with the name of Alfred Marshall and the other is the method of aggregation (or macro-economics), associated with the name of John Maynard Keynes. ~ Kenneth E. Boulding

Programmers have a saying: garbage in, garbage out. ~ Paul Krugman