Although Keynes's General Theory provides the foundation for much of our current understanding of economic fluctuations, it is important to remember that classical economics provides the right answers to many fundamental questions. (Greg Mankiw)

Although Keynes's General Theory provides the foundation for much of our current understanding of economic fluctuations, it is important to remember that classical economics provides the right answers to many fundamental questions.

Greg Mankiw

Related topics

classical current economics foundation fundamental general right theory understanding questions

Related quotes

Our society must make it right and possible for old people not to fear the young or be deserted by them, for the test of a civilization is the way that it cares for its helpless members.

Pearl S. Buck

The moral and constitutional obligations of our representatives in Washington are to protect our liberty, not coddle the world, precipitating no-win wars, while bringing bankruptcy and economic turmoil to our people.

Ron Paul

The frontiers of knowledge in the various fields of our subject are expanding at such a rate that, work as hard as one can, one finds oneself further and further away from an understanding of the whole.

James Meade

There are all kinds of sources of our knowledge; but none has authority ... The fundamental mistake made by the philosophical theory of the ultimate sources of our knowledge is that it does not distinguish clearly enough between questions of origin and questions of validity.

Karl Popper

Discovering various economists, economic works, reading financial periodicals and keeping up on current events in geopolitics and economics around the world opened my eyes to many facets of how the extended order works.

Kurt Bills