Microeconomics Quotes

“Thus microeconomics of the financial sector—bad incentives and externalities—was the root cause of the macroeconomic effects—loss of output and high unemployment.”
― Avinash Dixit, Microeconomics: A Very Short Introduction

“because provision by the government using taxes may not be the only or even the best method of supplying many collective goods.”
― Avinash Dixit, Microeconomics: A Very Short Introduction

“The dummies and slackers, by their mere existence, are imposing a negative externality on the skilled and dedicated,”
― Avinash Dixit, Microeconomics: A Very Short Introduction

“Thomas Carlyle supposedly said: ‘Teach a parrot the terms supply and demand and you’ve got an economist.”
― Avinash Dixit, Microeconomics: A Very Short Introduction

“In socialist economies, producers suffer no penalty for disappointing customers; on the contrary they enjoy some power by being able to allocate scarce goods to favoured customers.”
― Avinash Dixit, Microeconomics: A Very Short Introduction

“while I hope the subject is fascinating and my treatment readable, such a book cannot be a page-turner.”
― Avinash Dixit, Microeconomics: A Very Short Introduction