Principles of Economics Quotes

“The fundamentals of growth are the same in every country: improvements in human capital, physical capital, and technology interacting in a market-oriented economy.”
― Timothy Taylor, Principles of Economics

“However, the lesson of sunk costs is to ignore them and make decisions based on what will happen in the future.”
― Timothy Taylor, Principles of Economics

“[Economics] is a method rather than a doctrine, an apparatus of the mind, a technique of thinking, which helps its possessor to draw correct conclusions.”
― Timothy Taylor, Principles of Economics