Wednesday, July 9, 2014

Three Variations on Quotes About Micro and Macro

  • From the LSE’s orientation video: “Macroeconomics has all the interesting questions, but no real answers. Microeconomics has all the answers but no interesting questions.”
  • Zach Weiner: “Microeconomics successfully describes situations that never occur. Macroeconomics unsuccessfully describes situations that occur constantly.”
  • Kevin Grier: “Micro has right answers to the wrong questions, while Macro has wrong answers to the right questions.”

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