Greg Mankiw Quotes

Economics is the study of how society manages its scarce resources.

If you take from a theory only the conclusions you like and discard the rest, you are using the theory as a drunkard uses a lamp post-for support rather than illumination.

Higher saving leads to faster growth . . .

You can't rule out deflation just because you've never seen it in your lifetime.

Outsourcing American jobs will prove to be a plus for the economy in the long run. It's simply a new way of doing international trade.

These teenagers [that drop out of school to take the higher wage jobs] take jobs that would go to unskilled adults, making it harder for those adults to make the transition from welfare to work.