"While there are controversies in economics, as there are in science, this does not mean that the basic principles of …"

"Prices play a crucial role in determining how much of each resource gets used where and how the resulting products ge…"

"There is perhaps no more basic or more obvious principle of economics than the fact that people tend to buy more at a…"

"The gains and losses are not isolated or independent events. The crucial role of prices is in tying together a vast n…"

"Nothing makes us understand the many roles of electricity in our lives like a power failure. Similarly, nothing shows…"

"Simple as basic economic principles may be, their ramifications can be quite complex, as we have seen with the variou…"

"Newton was not the first man who saw an apple fall. His fame was based on his being the first to understand its impli…"

"Just as a poetic discussion of the weather is not meteorology, so an issuance of moral pronouncements or political cr…"

"Although the basic principles of economics are not really complicated, the very ease with which they can be learned a…"

"Economics is not simply a topic on which to express opinions or vent emotions. It is a systematic study of what happe…"