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Macroeconomics Quotes - page 2
The world probably would have been much better off had macroeconomics never been devised.
Robert Higgs
Most work in macroeconomics in the past 30 years has been useless at best and harmful at worst.
Paul Krugman
Friedrich Hayek is not an important figure in the history of macroeconomics.
Paul Krugman
Keynes is dead; dynamic programming; Keynes is still dead. That's the way Stanford graduate economics students recently summed up what they had learned in their core graduate macroeconomics course.
David Colander
I'm not a macroeconomics person.
Bill Gates
GDP! The right concept of economy-wide output, accurately measured. The U.S. and the world rely on it to tell where we are in the business cycle and to estimate long-run growth. It is the centerpiece of an elaborate and indispensable system of social accounting, the national income and product accounts. This is surely the signal innovative achievement of the Commerce Department in the 20th century. I was fortunate to become an economist in the 1930's when Kuznets, Nathan, Gilbert, and Jaszi were creating this most important set of economic time series. In economic theory, macroeconomics was just beginning at the same time. Complementary, these two innovations deserve much credit for the improved performance of the economy in the second half of the century.
Simon Kuznets
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